Cement News tagged under: Prices
Hungary levies excess-profit tax on construction material producers12 July 2021, Published under Cement NewsHungary's government has levied a 90 per cent excess-profit tax on some producers of construction materials from 9 July, in an effort aimed at curbing surging prices. The tax applies to companies that produce cement and other materials, including plaster, chalk, gravel, sand, clay, lime and gypsum, with annual revenue of HUF3bn (US$10.02m) or more in 2019. It requires the companies to pay a 90 per cent "mining allowance" on the difference between revenue generated using their own prices a... |
India's cement production falls in April and May06 July 2021, Published under Cement NewsIndia's cement production was down by 11 per cent MoM in April and 18 per cent MoM in May, due to the rise of COVID-19 cases and the subsequent lockdown restrictions by many states. However, notwithstanding the onset of the monsoon season, pent-up demand is expected to push volumes forward in the second quarter of the FY21-22. As a result, ICRA ratings agency has revised its volumetric growth estimates for the fiscal year downwards to 10-12 per cent from 15 per cent. Anupama Reddy, ass... |
Can Mexico’s fiesta continue?05 July 2021, Published under Cement NewsDespite initial concerns that Mexican cement demand would see a sharp contraction in 2020 due to the COVID-19 pandemic, domestic consumption held up better than expected through the year. The early signs for 2021 are encouraging but, with a rollercoaster of expectations ahead, Credit Suisse asks how long can Mexico’s fiesta last? By Vanessa Quiroga, Credit Suisse, Mexico. Going forward, the picture for Mexican cement demand, exports and utilisation levels is promising. The outlook ... |
India: further challenges ahead15 June 2021, Published under Cement NewsIndia’s cement demand declined by less than initially anticipated in 2020 and producer profitability was supported by a better-than-expected economic recovery, stable cement prices and greater cost efficiencies. However, GDP growth has been precarious and as the pandemic takes a concerning turn, 2021 may be no less challenging in terms of market dynamics and maintaining cost discipline. A pick-up in government-led infrastructure projects resulted in incremental cement demand Ind... |
Rock Hard Cement to increase cement price14 June 2021, Published under Cement NewsCaribbean cement importer Rock Hard Cement announced it will be increasing its price for cement from 1 July 2021. The company cited rising global prices along with the volatility of shipping in the second half of the year, according to the Daily Express. Meanwhile, Trinidad Cement Ltd confirmed that it has not supplied any cement to local distributors and retailers since 8 May, except for direct supplies to three essential construction projects as requested by the government. However, it h... |
Zambezi Portland Cement allows retail purchases direct from plant09 June 2021, Published under Cement NewsZambia’s Zambezi Portland Cement has allowed the direct retail purchase of cement from its cement plant to reduce price exploitation in the market. The company’s CEO, Gomeli Litana, has said the company has a set price and that it was not interfering in price fixing on the retail market. "As a cement producing company, we do support not only large buyers but small scale consumers, you can come here and buy 100 or 200 bags," he said. |
Fancesa considers lowering prices09 June 2021, Published under Cement NewsBolivia-based Fancesa is looking to lower prices to improve its sales and is changing its selling practices. "Our cement is the most expensive in the entire national territory," said the Governor Damián Condori after the extraordinary shareholders' meeting that was held yesterday at the company's offices. This does not allow Fancesa to be more competitive, particularly not during the COVID-19 pandemic, he added. “In our city just, El Puente, cement is at BOB41 [US$5.95]. Our cement is at B... |
French cement consumption expected to recover in 202128 May 2021, Published under Cement NewsCement consumption in France fell 7.5 per cent to an estimated 17.891Mt in 2020 with demand in 2021 forecast at 19.039Mt, up 6.5 per cent YoY, according to CIC Market Solutions. Ready-mix concrete production in FY20 contracted 9.1 per cent to 36.994Mm 3 when expressed in constant working days. In the first quarter of 2021, output saw a 23 per cent YoY jump but edged up 1.1 per cent when compared with the 1Q19. Cement producers such as Lafarge France and Ciments Français announced a price... |
Côte d'Ivoire government responds to rising cement prices17 May 2021, Published under Cement NewsTo prevent cement prices spiralling out of control following recent increases, the Ivorian Ministry of Commerce and Industry set maximum cement prices in Côte d’Ivoire at XOF73,000/t (US$135.08/t) of CPJ 32.5 cement ex-works, and at retail level XOF85,000/t within a radius of 300km from the cement plant. Retail prices beyond 300km were set at XOF90,000/t. The sale of CPJ 42.5 cement will be at a maximum price of XOF75,000/t ex-works. Maximum retail prices within a 300km radius were set at... |
Malaysia: budget for the future20 April 2021, Published under Cement NewsMalaysia’s cement market has seen consumption slow in recent years due to political uncertainty and a mature residential market. Although COVID-19 stifled output in the 1H20, a new government and the largest budget in history for 2021 is providing much-needed hope for a rebound in cement demand and production. Malaysia’s construction sector pins its hopes on the 12th Malaysia Plan to revive infrastructure construction post COVID-19 Following growth of 4.8 and 4.3 per cent in ... |