Cement News tagged under: Prices
Bangladesh sees imports of raw materials rise07 September 2022, Published under Cement NewsThe import of raw materials used in cement production has increased in recent months despite raw material prices increasing. In the July-August 2022 period a total of 5.12Mt of clinker, granulated slag, limestone, gypsum and fly ash were imported. The imports represent a value of BDT23.038bn (US$242.4m), up 34 per cent YoY. Clinker prices have increased 17.5 per cent YoY to US$62.14 on average. To safeguard profit margins cement producers have increased the price per bag on the back of a U... |
Cameroon government lowers price of cement05 September 2022, Published under Cement NewsThe government of Cameroon has announced a decrease in the price of bagged cement. The drop comes in view of the country’s increasing cement production capacity, according to the Ministry of Commerce. As a result, the price of a bag of 42.5 R-grade cement will fall to XAF4800 (US$7.26) from XAF5100 in Douala and from XAF5400 to XAF5100 in Yaoundé. In terms of 32.5 R-grade cement, in Douala, the price will decrease to XAF4100 from XAF4600 while in Yaoundé the drop will be from XAF4900 to ... |
Burundi to allow cement imports19 August 2022, Published under Cement NewsThe Burundi government has announced plans to allow the import of cement in a bid to get prices under control. A shortage of cement in the country due to a lack of production capacity has created a black market with prices that have been steadily rising. Buceco Cement has been seeking a review of cement prices since 2021 due to soaring raw materials and transport costs. The company now wants to increase prices by BIF3000 (US$1.46)/bag. According to Farmers Review Africa, the official ce... |
Benin government caps cement price20 June 2022, Published under Cement NewsThe government of Benin has set a price cap on the price of cement with the new price ceiling dependent on the locality. The price is capped from 17 June 2022 for four months. The government has taken the step “in support of populations faced with soaring prices of consumer products” and during the four-month period the Ministry of Commerce will carry out “strict controls and regular prices.” |
Developing central Asia16 May 2022, Published under Cement NewsThe central Asian cement markets of Kazakhstan and Uzbekistan are among the most active accumulators of greenfield plants and expansion projects. Construction and infrastructure projects are on a huge scale and opportunities are emerging for the cement sector to play its part in the development of these countries. By ICR Research, UK. Bordering China, Kazakhstan is seeing large infrastructure projects under impetus of the Belt and Road scheme, while in Uzbekistan infrastructure pro... |
Cuba’s government approves retail prices for cement21 April 2022, Published under Cement NewsThe Cuban government approved retail prices for white and grey cement in bulk and 42.5kg bags. Grey cement costs CUP79 (US$3.24)/bag while the price for a tonne of bulk cement is CUP1500. White cement costs CUP183/bag while the price for bulk cement is at CUP4000/t. At present, production by the country's cement plants does not cover domestic demand. |
Cameroon prices rise as construction demand strengthens20 April 2022, Published under Cement NewsCement prices in Cameroon have risen in April to XAF6000-6600 (US$9.89-10.88)/50kg bag, past the November 2021 peak. The price rise is expected the help cement producers offset the impact of higher input costs. As of 22 March 2022, the average cement price rose by over 10 per cent MoM and by 11 per cent YoY, firming up as the cement sector enters a seasonally-strong period for construction activities. In addition, the government has increased its pace of awarding road construction projects. |
Building material prices continue to rise in Germany22 March 2022, Published under Cement NewsCement prices in Germany rose by 4.9 per cent YoY in February, according to the recently-published producer price index by the German statistics office, Statistisches Bundesamt. The rise was more modest than in other building materials due to the highly competitive industry environment in Germany, according to industry analysts at CIC Market Solutions (France). The equity research team at CIC Market Solutions point out that in 2022, the domestic industry is targeting a YoY EUR13-15/t incr... |
Bamburi Cement to raise prices as costs escalate15 March 2022, Published under Cement NewsKenya-based Bamburi Cement ( Holcim ) plans to increase prices of its products by 2-10 per cent as of 10 March 2022. The company attributed the price rise to higher raw material costs. To sustain its operations, Bamburi will be raising prices of products marketed under its Nguvu, Tembo and Fundi brands, particularly from the company’s Nairobi, Mombasa, Limuru and Sagana depots. The price of a 50kg bag of Bamburi Cement retails between KES600 (US$5.25) and KES770. |
Tudela Veguín halts production for 10 days14 March 2022, Published under Cement NewsCementos Tudela Veguín has shut down its plant at La Robla for 10 days from Friday, 11 March, citing the soaring electricity prices as the reason for the stoppage. The company has significant stocks of cement and expects to continue normal deliveries to its customers. The halt in operations will not affect the nearly 200 workers at the plant, the company said. While it has a cement capacity of 1.2Mta, it has a utilisation rate of around 25 per cent currently. The company follows Ceme... |