Cement News tagged under: Trading
Nigeria: Dangote substantially lowers cement price05 July 2011, Published under Cement NewsDangote Cement Plc has announced a significant reduction in the factory price of its product to NGN1350/bag (US$8.80). While briefing cement distributors on Friday, the company’s executive director in charge of sales and marketing, Mr Ekanem Etim, said the reduction was in line with the company’s declared policy to make cement affordable to Nigerians as it expands its local capacity in the country. Etim also informed the distributors at the meeting that the country will be self-sufficient ... |
Pakistan: local cement sale, export decline05 July 2011, Published under Cement NewsThe sale of Pakistani cement in national and international markets fell to 31.38Mt in the recently-ended fiscal year 2010/11, down by 8% from 34.2Mt in the previous fiscal year, said All Pakistan Cement Manufacturers Association (APCMA) on Monday. Total dispatches of 31.38Mt of cement in the fiscal year 2010/11 included 21.97Mt of local sales and 9.41Mt in exports. Domestic sales declined by 6.68% from 23.55Mt sold in the previous year. Exports fell by 1.76% from 10.65Mt last year. A spo... |
India: ACC & Ambuja Cements: key input costs, freight charges play spoilsport05 July 2011, Published under Cement NewsThe stocks of the two leading cement players, Holcim-controlled ACC and Ambuja Cements, have sharply under-performed the broader market over the past three months. This is due to investors being increasingly nervous on the outlook for this sector, given a rapidly-rising cost structure. Further, with the onset of monsoon, demand from key user industries typically eases. At Monday’s close of 954.5, the ACC stock declined nearly 14.5% during the past three months compared to a 4.5% fall in the... |
Vietnam’s Vicem exports 640,000t of cement and clinker year-to-date30 June 2011, Published under Cement NewsThe state-run Vietnam Cement Industry Corporation (Vicem) has reaped US$20m from exporting 640,000t of cement and clinker so far this year, up 13.6% YoY in volume. Of the total, 610,000t were shipped to Bangladesh, Myanmar, Hong Kong and Singapore, the state-run Vietnam News Agency said. Another 30,000t of cement were exported to Laos and Cambodia, it added. Vicem targets to export 800,000t of clinker this year. The corporation made a net profit of VND1.6trn (US$77.9m) on revenue of VND23.... |
Indian prices steadily fall27 June 2011, Published under Cement NewsIndian cement prices are on a downward spiral with the onset of monsoon. Prices in the southern states have started to decline, with Chennai witnessing a drop of INR10/50kg bag from June 1 for at trade level and a drop of INR15/bag for the non-trade. A member of the stockist association said: “The price at which we are selling to builders is at INR250-265 per bag. Trade prices have fallen from their peak of INR290-295 per bag to INR280-285 per bag. We are expecting further reduction beyond ... |
Prices down 25% as Presidential deadline ends, Nigeria16 June 2011, Published under Cement NewsAs President Goodluck Jonathan’s directive to cement manufacturers and other stakeholders to bring down the price of the product in 30 days ended on Tuesday, price of the product dropped from an average of NGN2500/50kg bag (US$16) to between NGN1600 and NGN1900/bag (US$10 and US$12) nationwide. A survey from local newspaper, THISDAY, shows that the price dropped by between 25 per cent and 35 per cent across the country depending on the brand and the location of the retailer. In Lagos Stat... |
Cartel investigation into leading Indian firms16 June 2011, Published under Cement NewsThe Serious Fraud Investigation Office (SFIO), is investigating allegations of cartelisation against cement majors UltraTech Cement, Ambuja Cements and ACC, the Economic Times reports. The SFIO is acting under the directions of the ministry of corporate affairs, which is its nodal ministry. The investigation will examine the conduct of the cement companies over a 10- year period, said one source. UltraTech Cement and Ambuja Cements confirmed that an investigation is being carried out ... |
Mexico sees slight increases in cement prices16 June 2011, Published under Cement NewsThe monthly price survey conducted by Cemex for June shows an increase of 0.4 per cent per month (+3.3 per cent YoY) in the average regional retail price of in Mexico, approximately MXP114/ 50kg of cement (US$9.6). The variation in price across regions was mixed, with a monthly increase of two percent in Mexico City and one percent in Monterrey, Tijuana and Guadalajara. During the month, Merida remained unchanged, and Chihuahua and Aguascalientes dropped one per cent. The increase of 3.3 ... |
UNICEM cuts prices, Nigeria08 June 2011, Published under Cement NewsUnited Cement Company of Nigeria (UNICEM), has slashed the price of a bag of cement from over NGN2000 (US$12.8) in the region to NGN1600 (US$10.30). Sales Director, William Anam, who made this disclosure in a statement issued in Calabar, said the decision to slash the price is in line with the directive of President Goodluck Jonathan. The company also plans to increase its current production capacity from 1.3Mt to 1.8Mt this year and a further projection of 2.5Mt by 2012. |
Bahrain halts Saudi imports over price increases31 May 2011, Published under Cement NewsBahrain’s ministry of industry and commerce has halted imports of Saudi Arabian cement into the country after it was asked to accept price increases of 11%, reports Construction Week. With the price of cement in Saudi Arabia escalating to US$69/t, as the country experiences a construction boom, contractors in Bahrain have reported that the prices had increased from US$66 to US$74/t. Some have even suggested that prices could escalate as high as US$85/t, putting the viability of projects in... |