Cement News tagged under: Prices
Nigerian producers agree to lower prices22 February 2024, Published under Cement NewsNigeria-based Dangote , BUA Cement and Lafarge have agreed to lower cement prices in the country, despite rising production costs. According to This Day Live, the three manufacturers have stated that a 50kg bag of cement should have a maximum retail price of NGN8000 (US$4.98). Following a meeting with Nigeria’s Minister of Works and the Minister of Industry, Trade and Investments, the producers said a monitoring team would be set up to ensure compliance with the new pricing agreement. ... |
Congolese government raises cement price06 February 2024, Published under Cement NewsFollowing requests from domestic cement producers, the government of the Republic of Congo has increased the prices of wholesale cement per tonne and retail cement per 50kg bag. The price of cement has increased by more than 50 per cent compared to the approved price as production costs have soared. Type 42.5N cement is now sold in Brazzaville at XAF90,000/t (US$147.78/t) and XAF4900/50kg bag. In Pointe-Noire the price is XAF88,000/t and XAF4700/bag. In certain parts of the country, such a... |
Nigerian cement prices rise by 30%05 February 2024, Published under Cement NewsCement prices in Nigeria have risen by 30 per cent in the last few days, reaching NGN6500 (US$5.44)/bag in some regions, reports The Guardian. The ripple effect across other building materials is already being seen with sandcrete blocks going up in price from NGN450 to NGN500 for a six inch block, while nine-inch blocks have increased from NGN550 to NGN600/block. The price of ready-mixed concrete has also risen, causing some constriction projects to come to a standstill. A number of de... |
Italian cement production expands 10% in November02 February 2024, Published under Cement NewsCement output in Italy increased by 10 per cent YoY in November 2023, according to the Italian concrete association, Federbeton. However, when compared with the 2015-baseline index of 100, output declined to 92. The country imported 191,707t of grey cement in October 2023, up 13 per cent YoY, with a total CIF value of EUR16.584m, or EUR87/t. Grey exports advanced by 22 per cent YoY in October 2023 to 143,105tt, with a total FOB value of EUR14.468m, or EUR101/t. Year-to-date 2023 In the ... |
Cement prices fall in Pakistan16 January 2024, Published under Cement NewsCement prices across Pakistan have declined over the last week, according to the Pakistan Bureau of Statistics, bringing welcome relief to builders and developers across the country. The average retail price of a bag of cement in the northern regions of Pakistan has fallen from PKR1246 (US$4.45) last week to PKR1238 this week, a contraction of 0.57 per cent, reports Samaa. In the southern regions, the average price declined from PKR1192 to PKR1191, a drop of 0.07 per cent. Prices con... |
Cement output in Italy declines 2% in October09 January 2024, Published under Cement NewsCement production in Italy slipped by two per cent YoY in October 2023, according to the Italian concrete association, Federbeton. When compared with the 2015-baseline index of 100, output edged up to 101. The country imported 162,219t of grey cement in September 2023, up 13 per cent YoY, with a total CIF value of EUR14.424m, or EUR89/t. Exports increased by four per cent YoY in September 2023 to 121,555t, with a total FOB value of EUR12.556m, or EUR103/t. Year-to-date 2023 In the fi... |
BUA Cement confirms 2024 cement prices29 December 2023, Published under Cement NewsChairman of the BUA Group, Nigeria, Abdul-Samad Rabiu, has confirmed cement prices will be held at NGN3500 per bag (US$3.90) from January 2024. He said the company would make the product accessible and affordable to customers, despite various challenges. NGN3500 per bag is the ex works price, and does not include VAT or transportation costs to the customer. |
Pakistan cement prices rise due to freight costs21 December 2023, Published under Cement NewsCement prices across Pakistan have risen over recent weeks, according to the Pakistan Bureau of Statistics. The lowest price for a 50kg bag now stands at PKR1265 (US$4.52) with the maximum price coming in at PKR1400. Prices in the north of the country have reported an almost two per cent uptick from an average of PKR1220 in late November/early December to PKR1271/bag. Reports by the Pakistan Observer suggest the price increases are being driven by higher freight rates. The Pakistan govern... |
Italy's cement output falls 8% in September08 December 2023, Published under Cement NewsCement production in Italy declined by eight per cent YoY in September 2023, according to the Italian concrete association, Federbeton. When compared with the 2015-baseline index of 100, output fell to 93. The country imported 151,690t of grey cement in August 2023, up 30 per cent YoY, with a total CIF value of EUR13.946m, or EUR89/t. Exports increased by 35 per cent YoY in August 2023 to 94,827t, with a total FOB value of EUR9.068m, or EUR96/t. January-September 2023 In the first n... |
Zimbabwe import licence scheme drives down prices23 November 2023, Published under Cement NewsOn 10 November 2023 CemNet reported on how the Zimbabwean government has issued cement import licences to ensure supply while two of the country’s leading cement producers dealt with production issues. According to The Herald, the scheme is already bearing fruit with imports of 149,000t of cement not only helping to clear the backlog of demand, but also driving down cement prices in the country. The government reportedly approved 665 applications for cement imports from manufacturers, ... |