Cement News tagged under: Prices
Cement prices in Tanzania to fall?23 February 2022, Published under Cement NewsThere was a modest fall in cement production in Tanzania in 2021 as output fell to 6.436Mt when compared with 6.496Mt in 2020, according to data from the National Bureau of Statistics. Prices have risen sharply during the period. Cement producers have said that the COVID-19 pandemic and its associated lockdowns in the world have compounded the cited issue of “high manufacturing costs”. Maintenance and repairs of cement plants were more difficult as lockdowns in other parts of the world ha... |
Cement demand in El Salvador sees 33% hike in 10M2122 February 2022, Published under Cement NewsApparent cement consumption in El Salvador increased 33 per cent YoY to 1.437Mt in the 10M21 from 1.086Mt in the 10M20, according to the country’s construction chamber, CASALCO. Cement prices have increased with cement delivered ex-works (including VAT) up 6.9 per cent YoY to US$8.09/bag of 42.5kg in January 2022 from US$7.57/bag in January 2021. At the retail level, prices increased by 5.6 per cent YoY to US$8.83/bag in January 2022 from US$8.36/bag. |
SONOCC announces resumption of production26 January 2022, Published under Cement NewsSociété nouvelle des ciments du Congo (SONOCC) will restart its production of cement from 31 January after several weeks of work stoppage, said the company’s Director General, Il Xingtao. It is expected that the additional output will help alleviate the cement shortage in the Republic of Congo and put an end to soaring cement prices. Prices have jumped to XAF120,000 (US$206.67) to date from XAF70,000 in November 2021. At present only Forspak’s plant is operating but is unable to cover na... |
Cement demand continues climb in El Salvador in July26 November 2021, Published under Cement NewsApparent cement consumption in El Salvador increased 45.9 per cent YoY to 180,611t (4249.67 bags) from 123,779t (2912.45 bags) in July 2020, according to Casalco. In the January-July 2021 period apparent demand saw a 57.3 per cent increase to 1,100,926t (25,904.15 bags) from 699,989t (16,470.33 bags) in the 7M20. In October 2021 the ex-works price remained stable MoM at US$8.09 per 42.5kg bag. Retail prices edged up further to US$8.82/bag in October, representing a YoY rise of five per... |
Salvadoran cement market expands 60% in 6M2125 November 2021, Published under Cement NewsApparent cement consumption in El Salvador surged by 59.7 per cent to 920,315t (21,654.48 bags) in January-June 2021 from 576,210t (13,557.88 bags) in the equivalent period of 2020, according to Casalco. In June alone, 102,413t (2409.71 bags) were sold on the domestic market, representing a 24.4 per cent increase when compared with June 2020 sales of 82,345t (1937.54 bags). Cement prices in El Salvador rose 6.9 per cent YoY from US$7.87 per 42.5kg bag to US$8.09/bag, ex-works – including V... |
Iraq's cement association calls for reversal of fuel subsidy decision22 September 2021, Published under Cement NewsIraq's association of cement manufacturers has called on authorities to reverse a decision which has seen a reduction in fuel subsidies for the sector, according to Agence France-Presse. Earlier this month, the oil ministry raised the price of fuel sold to cement manufacturers from IQD150/l (US$0.10) to IQD250, in addition to a previous increase this year. The association has warned that the move risks factory closures or a hike in cement prices by at least US$10/t. "The decision will ... |
Italy sees 32% advance in 1H production03 September 2021, Published under Cement NewsDomestic cement output in Italy picked up by two per cent YoY in June 2021, following a YoY increase of 18 per cent in May 2021, according to Federbeton. In the January-June period output has advanced 32 per cent when compared with the year-ago period. To supplement local supply, Italy imported 151,444t of cement in May 2021, up 75 per cent YoY. In terms of CIF values, the total price was EUR7.772m, or US$51/t. In addition, exports advanced by 10 per cent YoY to 148,311t in May 2021.Thei... |
Coal rally reaches 2011 highs while petcoke discounts up to 37%27 August 2021, Published under Cement NewsBy Brannvoll Aps, Denmark Following on from ICR’s most recent energy report , the coal rally has now reached levels comparable the highs of 2011, leading to more supply distortions. Petcoke FOB contracts are dragged up close to all-time highs with only a few deals available. Discounts for petcoke FOB (USGC 6.5 per cent, 40 HG/API 4) have increased to 37 per cent. However, freight rates have continued to climb, putting a lid on FOB prices to some extent. Additional context i... |
Sharp coal rally drives petcoke higher to widen discounts – new demand fears and OPEC+ agreement sent oil falling16 August 2021, Published under Cement NewsBy Brannvoll Aps, Denmark The euro is seen in the US$1.17-1.20 range with the US infrastructure package expected to support the dollar in the short-term. As forecast, inflation fears evaporated but the expected turn in commodities did not occur due to continued bottlenecks in the opening economies. Table 1: Prices at a glance Crude oil (US$/bbl) 69.25 Coal API2 – 4Q21 (US$) 132.00 API2 – Cal 2022 (U... |
Kazakhstan lifts import restrictions27 July 2021, Published under Cement NewsKazakhstan has lifted the restriction on cement imports from third countries, Trend reports. As a result, cement clinkers, Portland cement, alumina and hydraulic cements are allowed to be imported into the country. The lifting is expected to benefit the demand in the western regions and reduce the price of cement in Kazakhstan. The ban was introduced on 30 April 2021 by the Ministry of Industry and Infrastructural Development to support local cement producers. However, cement prices in... |