Cement News tagged under: cement prices
Cement prices rise in China due to demand from construction sector12 September 2019, Published under Cement NewsOn 9 September, the construction of 10 major projects started in southwest China's Guizhou province, representing a total investment of CNY68.53bn (US$9.62bn). As a result, cement prices in some areas of Guizhou have seen an average increase of CNY60/t since August. Elsewhere, Zhejiang, Jiangxi, Hubei, Hunan, Henan and Shandong provinces, as well as the autonomous region of Guangxi, have recorded a price increase of around CNY20-40/t. "The country's cement prices have maintained at mor... |
Malaysian infrastructure demand to escalate cement price rises11 September 2019, Published under Cement NewsMalaysia's building materials are expected to se a price rise in the 3Q19 as large construction projects hike up demand for products such as cement. The construction industry is expected to pick up this quarter on infrastructure projects, including the East Coast Rail Link, brokerage analyst Abdul Hadi Manaf noted. "As such, we believe that demand for cement and steel should also recover at a gradual pace," he said. Cement costs could go up by 10 per cent to MYR220/t (US$52/t) in the four... |
Cement prices in Punjab rise after trade suspension03 September 2019, Published under Cement NewsAfter the suspension of trade between India and Pakistan on 10 August, the price of cement in Punjab has increased by almost INR100/bag (US$1.38/bag), according to the Hindustan Times. Therefore, the price of a cement bag has risen from INR260-275 to INR360-375. "Since Pakistan suspended trade with India, comparatively cheaper Pakistani cement has triggered a price rise in the domestically manufactured cement," said MPS Chatha, president of the All India Cement Importers Association. Befo... |
DTI reports that cement prices remain stable30 August 2019, Published under Cement NewsCement prices in the Philippines are holding firm despite some rumours of cement shortages, says the Department of Trade and Industry Regional Consumer Protection Division and Provisional Office (DTI). The wholesale price of a 40kg bag of cement is being sold at around PHP222 (US$4.26) and the retail price is being set at around PHP230-235. In January 2019, the DTI reported that retail prices of cement ranged from PHP220-230 in Bulacan, PHP220-250 in Nueva Ecija, PHP227-240 in Batan, PHP230... |
Cambodian cement demand expected to rise15 July 2019, Published under Cement NewsCambodia's construction sector is seeing demand for cement and brick rise by some 10 per cent in 1H19 and cement producers are forecasting a strong 2H19. Chip Mong INSEE Cement Corp has increased its cement supply by 10 per cent compared to the 1H18 said Tieng Vichea, the company's public and government relations manager. However, cement producers have not driven through large price increases. "Our selling prices in the first half of this year changes very similarly to production costs ove... |
Association calls for lower cement prices in Nigeria12 July 2019, Published under Cement NewsOyebamiji Dauda, chairman of the Lagos State Bricklayers’ Association, has urged the federal government of Nigeria to address the rising cement prices and as a result, increase access to affordable housing. In an interview with the News Agency of Nigeria, Mr Dauda stated that allowing more producers to operate in the market would make it more competitive. "There is the need for establishment of more cement manufacturing firms to help crash the price. Our observation is that high cost of c... |
Increase in gas price impacts cement cost in Bangladesh08 July 2019, Published under Cement NewsBangladesh's government has increased gas prices for the industrial sector including the cement industry, effective from 1 July 2019. The new price hike came in response to the demands of different gas utility companies. The Bangladesh Energy Regulatory Commission (BERC) declared an average price hike of 32.8 per cent for all users. The increase in gas prices, coupled with some tax measures in the budget 2019-20, have started to impact the manufacturing costs of cement in Bangladesh, says... |
Russia sees record cement prices in May01 July 2019, Published under Cement NewsIn Russia the average selling price for cement in the domestic market in May 2019 reached RUB3730/t (US$56/t) and RUB3740 for cement with additives, according to the Russian Federal State Statistics Service. This is reportedly a record figure for cement prices. When compared to the previous month, the overall price growth rate stood at one per cent. Prices increased 4.9 per cent in the Far Eastern federal district (FD) but fell in the Southern FD. |
Pakistani cement prices to rise from July17 June 2019, Published under Cement NewsFollowing the Pakistani government’s increase of the Federal Excise Duty (FED) on cement to PKR100 (US$0.64)/50kg bag from PKR75 in the FY29-10 budget, cement prices are forecast to rise further from July by PRK25-35/bag. The price of other construction materials is also expected to rise. Going forward, the cement price will also be affected by a hike in fuel prices and higher customs duty on the import of coal. |
Cement prices rise in Vietnam13 June 2019, Published under Cement NewsCement producers in Vietnam have reportedly begun to hike prices due to rising electricity prices at the peak time for construction, according to Vietnam News. SCG Vietnam has announced to its distributors that its cement prices would increase by VND29,700/t (US$1.27/t) including VAT, starting this Sunday. Vicem Hoàng Mai Cement also increased prices by VND30,000/t from the start of June. Nguyen Van Sua, vice chairman of the Vietnam Steel Association, has stated that the cost of power has... |