Cement News tagged under: trading
Abu Dhabi building materials price pressures, UAE14 October 2011, Published under Cement NewsWhile building material prices continued to rise in the UAE capital, Abu Dhabi, during September compared to the same month a year ago, concrete and aggregate prices registered an increase MoM. Statistics Centre Abu Dhabi (Scad) said in its latest monthly report that concrete prices fell 11.9 per cent in September, compared to a month earlier. However, during the month prices of construction labour, paints, aggregates and sand rose compared to August. The largest rise during September, co... |
Pakistan producers raise prices in the south13 October 2011, Published under Cement NewsCement producers in Pakistan’s Southern region have raised prices by PKR15/50kg bag. A cement dealer said the ex-factory price of Falcon and Lucky Cement had been raised to PKR380 and PKR375 per bag. The ex-factory price of other cement varieties is now quoted at PKR365. He said the wholesale rate of Falcon Cement was now tagged at PKR397 while its retail rate hovered between PKR410-415 depending on the dealers’ margin. Cement makers in Northern region had already increased rates. Finance... |
Indian cement prices rise in the south12 October 2011, Published under Cement NewsCement prices in the south of India have risen by INR25/bag due to the ongoing unrest in Andhra Pradesh due to demands for a separate State of Telangana. Cement is sold at INR280- 310/bag compared to INR265-285 a month ago, according to industry sources. The increase in price has been mainly driven by acute shortage of coal for cement companies in Andhra Pradesh, which cater to demand in key southern markets apart from AP. “As coal supply has been hit due to the general strike in Singaren... |
Vietnam cement producers struggle to boost exports05 October 2011, Published under Cement NewsVietnam reaped US$156.39m from cement exports in the first eight months of this year, fulfilling 46.2% of the country’s whole year target, the Ministry of Construction said. The ministry had earlier requested cement companies, including Chinfon Cement Corporation, Nghi Son Cement Corporation and Phuc Son Cement Company, to seek more export markets for their output amid the country’s cement glut. However, Vietnam’s cement producers attribute their difficulties in boosting exports to lack of c... |
Indian producers raise prices by INR5-10/bag04 October 2011, Published under Cement NewsThe Indian cement industry, which has been suffering from price pressures during the monsoon season, has raised raised prices across the country from 1 October by INR5-10/bag. A senior member of the Cement Stockists and Dealers Association in Mumbai said: “Cement prices in Mumbai have risen by INR5, while the rest of Maharashtra and Gujarat witnessed a rise of INR10 per 50kg bag.” Prices in the Mumbai market have risen to INR276/bag for wholesale while retail prices are INR280-282/bag. “P... |
Taiwan’s cement makers to raise prices by 15% in October27 September 2011, Published under Cement News“With the International Trade Commission (ITC) under Taiwan’s Ministry of Economic Affairs having proven preliminarily that dumping of China-sourced Type I and II Portland cement and clinkers has materially hurt the domestic cement industry, Taiwan’s stock-listed cement firms may raise prices by 15% in October,” said the Taiwan Economic News (TEN). Domestic, listed cement producers, including Asia Cement Corp, Chia Hsin Cement, Hsing Ta Cement, Lucky Cement, Southeast Cement Corp and Unive... |
Pakistan seeks further price rises22 September 2011, Published under Cement NewsAfter a recent surge in Pakistan cement prices over the last two weeks, All Pakistan Cement Manufacturers Association (APCMA) has sought further increase in rates on the basis of high input cost. “Cement price should go up further to the level of PKR450 per bag because of the rising electricity, furnace oil and gas prices,” said Aizaz Mansoor Sheikh, Chairman All Pakistan Cement Manufacturers Association (APCMA). The retail price of cement rose by PKR60 per bag in the last two weeks to PK... |
Competition panel to probe ACC, Ambuja, UltraTech16 September 2011, Published under Cement NewsIndia’s Ministry of Corporate Affairs has asked the Competition Commission of India to further probe charges of cartelisation against cement majors ACC, Gujarat Ambuja and UltraTech Cements. The Director-General of Investigation and Registration (DGI&R) has been asked to look into the matter, an MCA official told Business Line. The Ministry had ordered its investigations arm, Serious Fraud Investigation Office (SFIO), to probe charges of price manipulation by the three companies between 20... |
Cement prices hiked in North, East & Central India15 September 2011, Published under Cement NewsCement prices in North, East and Central India have been hiked by INR10-25/bag in the month of September. Cement prices have been raised by INR25/bag in Eastern UP to INR225, and by 10-15/bag in Delhi, Punjab and Rajasthan. Companies operating in these areas are ACC, Ambuja, Ultratech, JP Associates, Birla Corp, Shree Cements. According to a report by Sharekhan Ltd. dealers are of the view that market will find it difficult to absorb the present price hike given the current demand scen... |
MCA shows initial probe shows no cartel, India13 September 2011, Published under Cement NewsAn initial investigation of India’s Corporate Affairs Ministry showed no cartel by cement manufacturers, as per reports on CNBC-TV18. The trio of cement major UltraTech Cement, ACC and Ambuja Cement (Gujarat Ambuja Cements) together control little over one-third of the country’s total cement manufacturing capacity. The MCA had finalised its report on the basis of an SFIO investigation report and after taking responses of the companies into consideration. The ministry had then forwarded... |