Cement News tagged under: cement prices
Indian cement prices on the up11 October 2022, Published under Cement NewsSeptember 2022 saw the all-India average cement price go up by INR6/50kg bag (US$0.07), or 1.7 per cent, compared to the previous month. The highest price increase was seen in the east of the country where prices advanced by 6.6 per cent, followed by a 1.9 per cent rise in the south, 1.3 per cent increase in the west, and a flat-to-marginal decline in north and central India, according to India Infoline News Service. The price rises follow four consecutive months of price cuts. Further pr... |
Ghana raises cement prices05 September 2022, Published under Cement NewsCement prices in Ghana have risen to GHS73/50kg bag (US$7.30/50kg bag) as producers are forced to hike up prices due to the depreciation of the cedi. The resulting increase in raw material costs has caused a sudden rise in production costs, particularly from July this year, leading to the price increase, reports Pulse. According to Joy News, Ghacem ’s Extra brand is now selling at GHS72.9/50kg bag. |
Nepali cement producers raise prices17 August 2022, Published under Cement NewsNepali cement manufacturers have increased the price of their products by NPR50/bag (US$0.39/bag), due to soaring raw materials prices. Cement manufacturers said demand at present has fallen by a notable quantity due to slow development work and low capital expenditure of the government. Increasing prices of coal and petroleum products, higher transport costs and the hike in bank interest rates have also raised production costs. Despite raising the price by a notable amount, cement ma... |
Malaysian raw material costs push up cement prices23 March 2022, Published under Cement NewsThe current cement price in Malaysia has been hiked due to increases in the cost of raw materials, especially coal in the international market, says Sharuddin Omar Hashim, Cement Industries of Malaysia Berhad (CIMA) . Coal prices have escalated by 30-40 per cent of the cost of cement production, which has necessitated the final product price rises. "Coal prices were previously in the range of US$60/t to US$70/t, but have now increased to US$200/t and could possibly reach up to US$400/... |
Cement producers raise prices in Vietnam18 March 2022, Published under Cement NewsCement manufacturers have raised prices by VND100,000-150,000 (US$4.40-6.60) /t, or by 5.5-8.3 per cent, in Vietnam, claiming production costs have risen. Ha Tien 1 Cement JSC, a subsidiary of the Vietnam National Cement Corporation ( VICEM ), announced a hike of VND100,000/t to VND1,800,000/t for its Vicem Ha Tien brand of packed cement with effect from 23 March. Hoang Long Cement JSC has increased its prices by VND120,000 and Thanh Thang Group Cement JSC has hiked the pri... |
Honduran price hike cancelled13 January 2022, Published under Cement NewsThe HNL10 (US$0.41) increase in the price of cement in Honduras, effective from 1 January 2022, has been cancelled following an agreement between private firms committee, Cohep, construction companies, cement firms and the Honduran government. ANDI, CHICO, Cementos del Norte, Cementos Wang Peng and Ultracem agreed to maintain the price of cement to its pre-2022 level. |
Pan-Indian cement prices fall by 5% in December10 January 2022, Published under Cement NewsCement prices declined by an average pan-Indian rate of five per cent MoM in December 2021, according to Emkay Global Financial Services. Prices declined 6-7 per cent MoM in the east and south, while prices in other regions fell by 3-4 per cent, according to the report, while industry volumes likely increased by 25 per cent MoM. Emkay Global Financial Services said all regions are likely to have witnessed 20-30 per cent MoM volume growth. There should be a YoY demand improvement in Dec... |
Honduran cement price rise alarms construction industry10 January 2022, Published under Cement NewsMembers of the Honduran Chamber of the Construction Industry (CHICO) have demanded that the cement industry explains the reasons for a HNL10 (US$0.41) price increase for a bag of cement in the domestic market. "We hope to see what solid substantive arguments will be presented by the cement companies when I understand that an agreement had been reached to leave said increase on stand-by, taking into account what the Honduran people are experiencing," said Osmín Bautista, who heads up the ch... |
TCL increases cement prices by 15%14 December 2021, Published under Cement NewsTrinidad Cement Ltd (Cemex group) has announced an ex-factory cement price increase of approximately 15 per cent. The price increase becomes effective on 20 December 2021. TCL said: “We have been absorbing rising input costs for a long time and are now unable to continue to maintain our prices. The main attributing cost factors are natural gas, imported spares ad other raw materials that go into the manufacturing the highest quality cement brands, which you represent. "We assure you th... |
Cameroon minister accuses cement producers of price-fixing13 December 2021, Published under Cement NewsIn a correspondence sent to the managing directors of various cement producing firms on 9 December 2021, Minister of Commerce, Luc Magloire Mbarga Atangana, denounced an illegal agreement to increase the prices of the products. "It has come to my attention, through written communications of which I have copies, that ypu unnanmously and unilaterally decidd to increase your sales prices by XAF500 (US$0.86) and 300 per cent depending on the type of cement," the government official wrote. T... |