Cement News tagged under: cement prices
Zambian cement prices remain high19 May 2021, Published under Cement NewsThe prices of different brands of cement in Zambia are still ranging between ZMW135-145 (US$6-6.45) for a 50kg bag, over a month after Competition and Consumer Protection Commission (CCPC) directed that prices should be reduced to ZMW110. Last month, CCPC fined Lafarge Zambia Plc and Mpande Limestone Ltd for price fixing with the two cement manufacturing entities expected to each pay 20 per cent of their 2019 and 2020 turnovers while reverting to pre-cartel prices ranging between US$4.50-... |
Dangote defends Nigerian cement prices13 April 2021, Published under Cement NewsDangote Group’s Executive Director, Devakumar Edwin, has confirmed that its ex-factory price for bagged cement in Nigeria is between NGN2450 (US$6.43) in Obajana and Gboko and NGN2510 in Ibese. The clarification has been made amid reports that the company sells cement in Nigeria at higher prices than in its other markets, particularly in Ghana and Zambia, according to Vanguard. While a bag of cement sells for an equivalent of US$5.1 in Nigeria, it sells for US$7.2 in Ghana and US$5.95 in ... |
Messebo Cement resumes operations24 March 2021, Published under Cement NewsEthiopia’s Messebo Cement has now resumed production after suspending operations for four months due to fighting in the area. Melaku Alebel, Minister of Trade, has confirmed that the company has started supplying products to stabilise the cement market. While cement prices had spiked in recent weeks, following measures taken by the Ministry of Trade, the price has fallen to ETB420/100kg (US$10.14) from ETB600 in Addis Ababa. |
Ghana reports cement price increase09 March 2021, Published under Cement NewsGhana has reported a small rise in cement prices due to an increase in the cost of imported clinker in recent days. A bag of cement which was earlier sold for GHS38 (US$6.62) is now being sold for GHS41, according to GhanaWeb. "There has been a price hike because of certain challenges which industry players are facing while importing the major raw material called clinker which is used to produce cement. We don’t have it here and it is a very small quantity that we are able to get locally,"... |
Two Indonesian producers expect 3-4% cement volume increase in 202102 March 2021, Published under Cement NewsPT Semen Indonesia (SMGR ) and Indocement Tunggal Prakarsa (INTP) expect domestic cement volume to grow 3-4 per cent YoY in 2021. This could be achieved through a recovery in bulk cement, which declined in 2020 by 22 per cent YoY. Volume is expected to remain soft in the 1Q21 in Indonesia with turnaround expected to occur in the 2Q21, added UBS Global Research (Indonesia). In 2020 there was increased competition in Java and Kalimantan, but the average selling price for Tier-1 brands r... |
Indian demand picks up as industry awaits improved prices22 February 2021, Published under Cement NewsCement demand in India is improving, but prices have not recovered as yet, according to Motilal Oswal Financial Services (MOFS). Demand has been robust in February, led by the continued healthy demand in the north, east and central India as well as the recovery seen in the west of the country. However, the southern region has seen weak demand, although there has been a strong QoQ uptick in Andhra Pradesh and Telangana. "Our channel checks indicate the seasonal uptick in demand is playing... |
Steppe Cement sees revenue up 1% in 202012 January 2021, Published under Cement NewsKazakhstan’s Steppe Cement has reported a one per cent increase in revenue to KZT30.96bn (US$73.59m) in its preliminary update for 2020. However, cement sales volumes declined 4.1 per cent YoY to 1.645Mt from 1.715Mt in 2019. The average ex-factory price in 2020 reached KZT15,760/t, compared with KZT14,885/t in the previous year. "In 2020, cement market consumption in Kazakhstan increased by six per cent to 9.4Mt from 8.9Mt in 2019," said the board. Steppe Cement's local market share wa... |
Coal prices force up cement hikes in northern Pakistan04 January 2021, Published under Cement NewsPersistent price hikes for cement in nothern Pakistan have resulted from higher coal prices. Cement prices in north Pakistan rose by PKR10 (US$0.062), to reach retail prices of PKR565-570/bag from 31 December 2020. “The increase in cement prices comes on the back of a significant rise in international coal prices over the past two months, as per our channel checks,” said Shankar Talreja, Topline Securities deputy head of research. Between October 2020 and January 2021, coal prices ha... |
Manufacturers to offer discounted cement for Nigerian housing project04 January 2021, Published under Cement NewsNigeria’s cement manufacturers have agreed to discount cement prices for the construction of houses under the federal government’s Economic Sustainability Plan (ESP). "They have agreed to give cement for this project at a considerable discount which is a very helpful thing to do and we really commend and thank them for the contributions they are making, it is a very patriotic thing on their part. They also see the importance of this Mass Housing Programme," said Yemi Osinbajo, the country's... |
Nigerian cement price hike causes concern for building standards16 December 2020, Published under Cement NewsThe Nigerian Institute of Building (NIOB) has said the significant rise in cement prices in the country and the low purchasing power of Nigerians may result in a danger to building construction standards, according to This Day. The institute has therefore called upon the government's intervention. Cement prices recently increased from around NGN2600/50kg (US$6.86) to NGN3500/50kg. The NIOB has stated that the price increase could exacerbate an already volatile and precarious situation. Th... |