Cement News tagged under: Prices
Russia on the rebound?05 April 2021, Published under Cement NewsAfter returning to growth in 2019, Russian cement consumption stalled in 2020 due to the impact of the COVID-19 pandemic. Construction output stagnated during the year, but government programmes are expected to stimulate recovery and help cement consumption growth rebound, thus paving the way for cautious optimism in 2021. By Alexey Semenov, GS-Expert, Russia. Support measures announced by the Russian government have become stimuli for the domestic economy, construction industry an... |
Cement prices rise in Ghana29 March 2021, Published under Cement NewsCement prices in Tamale, Ghana, have risen amid reports of a cement shortage, according to Ghana News Agency. Ghacem and Dangote Cement brands are being sold at GHS50 (US$8.68)/bag while Diamond Cement and other brands are currently around GHS48/bag, up from GHS47 and GHS45, respectively. Construction companies in the region are expected to pay the higher prices for the limited stock to complete their projects before the rainy season begins. |
VICEM’s shift to sustainability09 February 2021, Published under Cement NewsVietnam’s cement industry has expanded significantly over the years, leading to considerable overcapacity – a particularly challenging issue given the COVID-19 pandemic which resulted in sales falling. In response, market leader VICEM has shifted its focus to building a more sustainable production base and supplying ‘greener’ products. VICEM’s focus has shifted from expanding production capacity to building a more sustainable production base Owned by the Vietnamese state, the or... |
China reports 2% rise in cement production for 202026 January 2021, Published under Cement NewsChina’s National Bureau of Statistics (NBS) has reported a 1.6 per cent YoY rise in cement output to 2.377bnt for 2020. The construction of 3203 projects started across the country in December 2020, with a total investment of CNY2.69trn (US$415.6bn). Cement prices in China are also expected to maintain stable in 2021 due to improving supply-demand relations, according to Xinhua News. Many local authorities have now set a goal for infrastructure construction this year. Hubei Province... |
Cement prices cool in Mali26 January 2021, Published under Cement NewsFollowing cement prices of XOF130,000/t (US$240.48/t) reported 10 days ago, the price of cement in Mali has been falling to XOF95,000-110,000/t, depending on the location. The price drop is due to a resumption of normal supply as Diamond Cement and the routing of around a 100 loads from Dakar, Senegal. |
Cement price in Mali surges due to shortage15 January 2021, Published under Cement NewsCement is becoming an increasingly scarce product in Mali. As a result, prices have risen from XOF90,000/t to XOF125,000-130,000/t, according to MaliActu. In 2019 Mali had a cement demand of around 2.8Mt, with future consumption underpinned by a need for infrastructure and high population growth. However, output from the country’s cement industry is only approximately 1Mta and wide-spread shortages have been reported. |
Argos USA ready-mix to settle alleged price-fixing case06 January 2021, Published under Cement NewsArgos group's ready-mix concrete subsidiary, Argos USA, is to settle a US$20m payment over an alleged price-fixing cartel involving several members of staff in the state of Georgia, USA. According to the US Department of Justice, Argos USA "admitted to participating in the charged conspiracy, and agreed to cooperate fully with the Antitrust Division's ongoing criminal investigation and prosecution of others involved in this conspiracy." Argos USA's management stated that the alleged pric... |
A promising start to the new year in Pakistan05 January 2021, Published under Cement NewsThe cement industry in Pakistan kicked off the FY20-21 on an exciting note. During the first six months of the current fiscal year, total cement dispatches grew by 15.7 per cent, from 24.751Mt in July-December 2019, to 28.628Mt in July-December 2020. Local dispatches have increased by 15.9 per cent in July-December 2020 to 23.61Mt from 20.373Mt in July-December 2019. Exports also increased from 4.377Mt in July-December 2019 to 5.017Mt in July-December 2020, showing a growth of 14.6 per cent.... |
Prices escalate by 35% in Nigeria29 December 2020, Published under Cement NewsA rise in cement demand coupled with insufficient supply from the major cement producers has driven up prices by 35 per cent in Nigeria. An investigation carried out by The Punch publication indicated that a 50kg bag of cement, which cost between NGN2400 (US$6.32) and NGN2600 as of September this year, now sells for NGN3500. Stakeholders attributed the recent hike in price, which started in October this year, to a supply shortage resulting in “artificial” scarcity. According to the ... |
India: beyond the headwinds03 November 2020, Published under Cement NewsIndia has become the second-worst affected country by the COVID-19 health crisis. Consequently, construction activity has taken a hit and cement demand saw a dramatic collapse in the April-June 2020 quarter. As the pandemic continues to play out, ICR assesses the impact on domestic cement producers and prospects for recovery. As COVID-19 exerts unprecedented stress on India’s cement industry, ICR looks at the latest available data to date for the April-June 2020 period and... |