Cement News tagged under: trading
Pakistan Association of Builders & Developers price concern12 April 2011, Published under Cement NewsExpressing its concern over increasing prices of raw material particularly cement used in construction industry, Pakistan’s Association of Builders and Developers (ABAD) has requested the Prime Minister to look into the matter and reduce prices. In a letter to Prime Minister Syed Yousaf Raza Gilani, ABAD chairman, Babar Mirza Chughtai, said that the manipulation in prices the ‘cement cartel’ has become quite frequent. “The housing industry, which is striving to provide affordable hou... |
GCC Dacotah plant increases prices five per cent, USA11 April 2011, Published under Cement NewsThe GCC Dacotah cement plant in Rapid City raised prices five per cent last week to cover costs associated with new Environmental Protection Agency emissions regulations. The surcharge likely will be passed on to consumers of cement-based products, such as ready-mix concrete, and could ultimately mean less work for builders and contractors. Rapid City cement plant manager Steve Post said cement manufacturers throughout the country are making similar pricing moves to pay for the cost of new... |
Nigeria – solving the cement price hike08 April 2011, Published under Cement NewsThe Federal Government of Nigeria recently convened a ‘Stakeholders’ meeting in Abuja to address the soaring price of cement in the country. In attendance was the Minister of State for Commerce and Industry, Chief Mrs. Josephine Tapgun and representatives of the Cement Manufacturers Association of Nigeria (CMAN). In this report, our correspondent, Obinna Nwachukwu analysis the situation on ground and offers solutions to the lingering problem. Apparently worried by the current price of ceme... |
Indian cement prices up by INR1031 March 2011, Published under Cement NewsCement prices have risen by INR10/50 kg bag across India due to higher excise duty and increase in prices of raw materials. At present, cement is selling at INR265-275/bag in Mumbai, INR285-295/bag at Kolkata, and INR245-255/bag in Chennai. Analysts say that the southern market is suffering from excess supply of about 20-30 per cent. According to the Cement Manufacturers’ Association, the production of cement was 136.51Mt while despatches were 136.56Mt for Apr 2010-Jan 2011 (against produc... |
Pakistan prices rise on higher input costs24 March 2011, Published under Cement NewsPakistan cement prices in the north region of the country have increased by PKR20/bag to PKR370/bag, industry sources said Wednesday. This rise in prices is due to increase in SED (Special Excise Duty) from one per cent to 2.5 per cent—and partly due to higher input cost. This has endorsed the view that cement manufacturers will continue to pass on the higher input prices in 2H. |
Pakistan exporters stop supply to Afghanistan24 March 2011, Published under Cement NewsThe Pakistan cement exporters union Thursday again stopped at least 1000 trucks carrying cement from Pakistan to Afghanistan and Central Asian states to record their protest against double increase in entry tax by the Afghan authorities. The trucks, each loaded with 50 tons cement, were stopped at Torkham border on both sides of the Pakistan and Afghanistan to force the Afghan authorities to withdraw the tax hike immediately. “The Afghan officials have increased the soil tax twice in t... |
Indian cement prices continue to climb17 March 2011, Published under Cement NewsSince the Union Budget’s presentation in end-February, Indian cement companies have accelerated price increases. Last fortnight prices across India witnessed an average increase of, with the price of a 50kg bag of cement set to hit INR300 soon. Currently, the all-India cement price is INR290 compared to INR255/bag two years earlier. The first three quarters of the current financial year have seen companies reporting lower financial results. In the second quarter, which was affected by the... |
Philippines: DTI to question producers on price rise15 March 2011, Published under Cement NewsThe Department of Trade and Industry (DTI) Tuesday said it will summon cement manufacturers to explain why cement prices have gone up in the local market. "They have to explain... the DTI would look at why they raised prices. We’ll call a meeting with them," DTI Undersecretary Zenaida Maglaya said told reporters Tuesday. Maglaya said the three leading cement firms did not send their respective representatives to a recent meeting with the department and dealers of construction materials... |
Cement prices in Gujarat to rise, India11 March 2011, Published under Cement NewsThe price of cement in Gujarat is likely to increase by INR6-8 within the month due to input cost pressures. Prices have already risen in the range of INR10-12 per bag at the beginning of March after restructuring of duties on cement in the 2011-12 Union Budget. Prices in the Ahmedabad market are around INR260-265 for a 50kg bag now for retail and around INR240-245 a bag in the wholesale market. "Prices in Gujarat and also adjoining Rajasthan (Jaipur) are at a three year high now", said an ... |
Pakistan prices to remain firm in second-half09 March 2011, Published under Cement NewsCement prices in Pakistan continued to remain firm throughout the first half due to price consensus amongst local cement manufacturers. With more focus towards local dispatches, DG Khan Cement Company (DGKC)’s retention prices have improved by 19 per cent in first half, experts said. Furthermore, with local cement prices expected would remain firm in the second half, it is expected DGKC’s retention prices to improve by massive 46 per cent to PKR252 (US$2.96) per bag compared to same period... |