Cement News tagged under: Prices
Sri Lanka agrees maximum price for cement07 July 2023, Published under Cement NewsCement producers in Sri Lanka have reached an agreement with the country’s Minister of Trade, Nalin Fernando, to establish a maximum retail price for a 50kg bag of cement. According to NewsWire, the agreed price has been set at LKR2300/bag (US$7.39/bag). Sri Lanka is currently home to one integrated cement plant and four grinding units, with a total cement production capacity of around 8Mta. |
Cement prices in Italy see 27% rise in April05 July 2023, Published under Cement NewsCement production in Italy declined by 13 per cent YoY in April 2023 in addition to a nine per cent YoY drop in March, according to the country’s construction chamber, Federbeton. When compared with the 2015 base index production the value decreased from 101 in March 2023 to 90 in April 2023. Cement prices in April 2023 increased 27 per cent when compared with April 2022, following a 34 per cent YoY increase in March 2023. Compared with the base year of 2015 the price index reached 208 in F... |
Indian cement demand to rise 7-8% in FY2405 July 2023, Published under Cement NewsCement demand in India is expected to expand by 7-8 per cent YoY in FY23-24, according to ICRA, the India-based rating agency. Cement prices, meanwhile, are forecast to remain on a par with FY22-23. In a recent report by ICRA, the agency found that cement volumes in April 2023 were up 12 per cent YoY at 36.6Mt. Volumes in FY22-23 showed a nine per cent expansion to 391Mt. This growth was driven by demand from the housing and infrastructure sectors and due to the low base effect of 1QFY21... |
Indian cement prices forecast to fall 1-3%21 June 2023, Published under Cement NewsCement prices in India are expected to fall by 1-3 per cent in the current fiscal year (April 2023-March 2024), after recording a four per cent compound annual growth rate (CAGR) over the past four fiscal years to a new all-time high of INR391 (US$4.77)/50kg bag, according to CRISIL Market Intelligence and Analytics. The increase in prices was due to disruptions caused by COVID-19, followed by a sharp surge in input costs, especially thermal coal, further aggravated by the Russia-Ukraine wa... |
Sri Lanka's cement prices to fall06 June 2023, Published under Cement NewsSri Lanka’s cement prices are expected to fall by LKR300-500/50kg bag (US$1.03-1.72/50kg bag) of cement, following a recent appreciation of the rupee. A 50kg bag was retailing at round LKR2600. “The reduction in prices is due to the strengthening of our currency, the falling interest rates and the current economic standards that we have put in place,” said Trade Minister, Nalin Fernando, according to EconomyNext. “Although the fall in the dollar price is one of the reasons for the fall in... |
Rising cement prices hit housebuilding in Nigeria15 May 2023, Published under Cement NewsRising cement prices in Nigeria are hampering housing development plans across the country. According to a survey by The Guardian, prices of building materials have soared by over 70 per cent between January 2022 and May 2023. A 50kg bag of cement that was selling for NGN3500 (US$7.60) in 2022 now hovers around NGN4700-4800, according to the survey, due to the rise in cost of limestone, clay and gypsum. As a result, cement-based blocks, which previously sold at NGN380-400 are now selling at... |
Indian cement prices to rise further in December06 December 2022, Published under Cement NewsCement prices in India are expected to rise by INR10-15/bag (US$0.12-0.18/bag) this month, according to a report by Emkay Global Financial Services Ltd. Since August this year, prices have risen by up to INR16/bag with November alone seeing them advance by INR6-7/bag. While prices remained flat in Western and Central parts of the country, they hardened in Northern, Eastern and Southern regions, reports Business Standard. “Absorption of the price hikes will get revealed over the next few d... |
Ethiopia introduces new cement price regulation19 September 2022, Published under Cement NewsEthiopia has announced a new cement price regulation to tackle the rising cost of cement products in the country. According to the Ethiopian Ministry of Trade and Regional Integration, the factory selling price for a quintal (100kg) of cement will now be between ETB510-683.44 (US$9.50-12.74). Cement factories in Ethiopia were initially asked to make price adjustments but the prices suggested were too high, prompting the ministry to establish a task force to study the production process and ... |
CEMENCO drops its cement prices15 September 2022, Published under Cement NewsLiberia-based CEMENCO has announced a drop in its cement prices. According to the company, the move is in keeping with recent action by the government of Liberia to adjust petroleum prices in the country. Effective from 13 September 2022, the new prices will be US$7.50 for CEM II/B-M 32.5R, US$8.10 for CEM II/B-M 42.5R, and US$9.50 for CEM II 52.5R. CEMENCO has said that a second price reduction may take place on 1 October this year. Last week Liberia’s Ministry of Commerce announced a... |
Indian cement prices forecast to rise12 September 2022, Published under Cement NewsCement companies in eastern India are expected to raise their cement prices in mid-September, according to the Financial Express. Other regions across the country are forecast to follow suit in early October as the monsoon season comes to an end and construction activity resumes. Cement producers have already increased prices by INR15-20/bag (US$018-0.25/bag), an uptick of 4-4.5 per cent MoM, in eastern and western India in the early part of September, but a further rise of INR15/bag is pred... |