Nigeria’s cement manufacturers have agreed to discount cement prices for the construction of houses under the federal government’s Economic Sustainability Plan (ESP). According to the sources, the cement industry is already facing a continuing increase in the cost of manufacturing due to the escalating price of coal in the international market. International Cement Group's Earnings Growth And 11% ROE . “If the prices go up, construction would be hit hard and the cement sector will bear the brunt of it,” he added. The expectations of rising cement prices amid presumed higher off-take in December kept the cyclicals excited. Holcim Philippines says that it is ‘shifting its focus to providing food and medical supplies.’. IMF Members' Quotas and Voting Power, and Board of Governors, IMF Regional Office for Asia and the Pacific, IMF Capacity Development Office in Thailand (CDOT), IMF Regional Office in Central America, Panama, and the Dominican Republic, Financial Sector Assessment Program (FSAP), Currency Composition of Official Foreign Exchange Reserves, By commodity, in terms of US$, market prices, April 2020: Commodity Market Developments and Forecasts, April 2019: Commodity Market Developments and Economic Activity, October 2018: Recent Trends in Energy Demand. The Manila Times reported that Holcim Philippines attributed the declines to ‘softer prices’ and ‘lower volumes in March.’ The latter was due to the government-implemented enhanced community quarantine (ECQ) in Luzon, which suspended construction in the capital. It could also avoid the prospect of the exchange having to delist up to 54 companies in June 2020 because they could not raise their share prices in time. For additional information, read our FAQs or write to us. All rights reserved. On 25 July 2020 the Pakistan Bureau of Statistics (PBS) recorded cement price rises of up to 8.9% in Punjab and Khyber Pakthunkhwa compared to a month earlier, according to the Profit newspaper. Blog: Falling Costs Make Wind, Solar More Affordable, Blog: A Bumpy Road Ahead for Electric Cars. Tangshan Jidong Cement attributed the growth to increased prices due to a 9.9% year-on-year increase in infrastructure spending to US$1.86tn. Revenues over the period were US$144m, down by 10% from US$160m in the corresponding period of 2019. Pakistan: Leading cement producers have said that prices will rise by 10% before 2021 if a reduction in Federal Excise Duty (FED) to US$5.95/t of cement from US$11.9/t does not materialise. “After the recent increase, the price of rebars of the company stands at Rs128,000 per ton.” Pakistan Association of Large Steel Producers (PALSP) Secretary General Syed Wajid Bukhari said that the price of scrap had soared from $300 per ton in early November 2020 to $450 per ton now due to shortage in the international market. CMA senior director Colin Rafferty said, “As consumers source the majority of these materials locally, it’s vital to ensure that enough competition will remain at the local level so there’s enough choice and prices remain fair.” If it fails to respond to the CMA’s concerns by 2 September 2020, Breedon Group will face an in-depth Phase 2 investigation into the deal. The price of 60-grade MS (mild-steel) rods increased to Tk 64,000 per tonne from Tk 54,000 a month ago on the back of the rise in the price of steel scraps in the global market. The Commodities Unit of the Research Department provides information on primary commodity market developments. Presentation (video): Trends in Global Energy: When Will Consumption Peak? Currently, a 50Kg bag of Dangote cement sells at GHC 35.55 at factory levels. Vietnam factory colored cement international cement prices for export US $53.00 - $58.00 / Metric Ton View recent trades and share price information for Titan Cement International SA and other shares. The company's Visayas and Mindanao cement plants continue production, but have faced a drop in demand due to various local lockdown measures. DG Khan Cement owner Nishat Group chair Mian Mansha said, “Failing this, producers will take a US$119m total hit on revenues,” according to the Express Tribune newspaper. © 2021 Pro Global Media Ltd. All rights reserved. For each country, the change in the international price of up to 45 individual commodities is weighted using commodity-level trade data. This statistic represents the price of Portland and masonry cement in the United States 2007-2018. The Ministry of Industries and Production previously asked producers to lower cement costs in May 2020 in order to boost construction in the interest of the post-coronavirus lockdown economic recovery. The all-India average capacity utilization of cement plants is at 85%. This is reported to be due a number of factors that has each taken a chunk out of demand, including coronavirus lockdown measures, the imminent onset of Ramadan and the start of the wheat harvest season. Uganda Election 44 mins ago. Global Cement brings you essential news, events, research and market data on the global cement industry. So for, it makes sense to push clinker to the overseas markets." China: China Tianrui Group’s net 2019 profit was US$256m, up by 50% year-on-year from US$171m. The Commodity Special Feature is part of the World Economic Outlook publication and covers commodity market developments and outlook, and analyzes a special issue. Share, export, and download data using the interactive portal. International Cement Group Ltd is a Singapore-based company focused on the production, sale and distribution of cement. Further, the company's ROE compares quite favorably to the industry average of 8.6%. In terms of relative price strength - which takes into account the overall market trend - the International Cement price has moved by 0.168k% over the past year. In 2018 the government set cement prices both locally and for import. The minister has also held a joint meeting with Minister of State in the Prime Minister's Office (Investment) Angellah Kairuki and nine cement manufacturers, according to the Tanzania Daily News newspaper. Capacity Utilization. The latest Titan Cement International SA share price. About Global Cement. Egypt: Sinai Cement’s net loss in 2019 was US$28.1m, down by 44% year-on-year from US$50.2m in 2018. Officials had predicted a nationwide price drop after the government abandoned the Federal Excise Duty (FED) on cement in June 2020. Global Cement Market Outlook . Business 18 mins ago. While FOB prices traded flat in Asia in 4Q2014 (up 0.8 percent QoQ), price depreciation for gray cement was most noticeable in Scandinavia and the Baltics, where prices declined by US$5.0 to (-7.7 percent QoQ), Western Europe, with less international, ocean-bound trade averaged US$88.5 per ton ( … Pakistan: The Competition Commission of Pakistan (CCP) has launched an investigation into alleged collusion between cement companies that may have been the cause of a localised cement price spike in northern Pakistan. This certainly adds some context to International Cement Group's exceptional 58% net income growth seen over the past five years. portland cement international prices. Rock Hard Cement, a Trinidad-based cement importer, is expected to close its operations for one ... Coal prices force up cement hikes in northern Pakistan International - 04 January 2021 Cement prices in the northern region went up Rs10, with the maximum retail price reaching Rs565-570 per bag with effect from December 31, 2020. Special Report 1 hour ago. Cement, clinker exports clink as prices firm up - The Economic Times. This was due to increased volumes and prices. China: Hebei province-based Tangshan Jidong Cement’s net 2019 profit was US$298m, up by 42% year-on-year from US$210m in 2018. This apart, large scale cement exports are possible only when cement prices in the international market look up. International Cement Group may have better days ahead, of course; we've only looked at a one year period. International - 04 January 2021 Rock Hard Cement to temporarily close operations. Below is … Shares in International Cement are currently trading at S$0.062 and the price has moved by 0.210k% over the past 365 days. Drastic increase in international coal and diesel prices is leading to increase in the cost of cement production which may impact cement prices. Tanzania: The Ministry of Industry and Trade said it is working to connect natural gas supplies to the local cement industry to help reduce operation costs and ultimately reduce the cost of cement to consumers. The Titan Cement International SA PE ratio based on its reported earnings over the past 12 months is 16.27.The shares are currently trading at €14.1.. — Dawn archives The market is expected to grow at a CAGR of 3.3% between 2021 and 2026 to reach 6.08 billion tons by 2026. Tanzanian government working on connecting gas to cement plants, Breedon Group’s Cemex UK acquisition faces regulatory challenge, Competition Commission of Pakistan launches price spike investigation, Holcim Philippines first quarter profit falls, China Tianrui boosts profit by 50% year-on-year in 2019, Sinai Cement’s loss decreases by 44% year-on-year in 2019, Tangshan Jidong Cement records 42% year-on-year profit growth in 2019. Cement manufacturing company in Ghana, GHACEM, has announced an increase in the prices of its products. Presentation (video):The Future of Oil and Welfare in Oil-Exporting Countries. The installed capacity, which was 62 MT p.a. This statistic represents the change in cement prices in the United States from 2013 to 2020. China: The Ministry of Industry and Information Technology has published data showing 94% domestic cement production capacity utilisation in the two-week period ending 10 April 2020, marking an end to coronavirus shutdowns in all provinces. Cement prices in southern India grew by around 18% year on year, which is nearly double the prices in other regions of the country.The cement industry in the southern part of the country has exhibited strong production discipline in the face of weak volumes. The meeting covered issues such as poor roads, energy supplies and taxation. National Cement’s board approves 10 fils/shr for 2018 Cash Dividends National Cement sees AED 9.6m profit in Q3 Financial Results National Cement’s profit slumps 63% in Q2 Financial Results President Tshisekedi Accused Of Plotting Parliamentary Coup. FOB prices for gray cement increased globally in the last quarter of 2017, and are projected to record a general stabilization in the first quarter of 2018, according to the 4Q 2017 update of the Global Cement Trade Price Report (GCTPR) from CW Research. The Herald newspaper has reported that the potentially affected markets are in localities where Breedon Group is already dominant, such as eastern Scotland and the East Midlands. in 1993, has increased to 134.59 MT in March 2002. CIMAF cement has three (3) kinds. It owns and operates a cement plant in the Khatlon Region in Tajikistan in Central Asia with an annual pr oduction capacity of approximately 1.2 million tonne. From 2019 to 2020, the price of cement in the U.S. is estimated to increase by around 2.8 percent. Commercial Director for GHACEM, Nana Phillip Archer, in a statement, said the increment is due to, among other things, the depreciation of the Cedi […] Global Cement covers all aspects of the cement industry: mining and quarrying, refractories, process optimisation, monitoring, alternative fuels, environment and safety, markets, country reviews, cement prices, trading and shipping and a full review of global cement news. Use the Commodity Data Portal to visualize and chart the prices of 68 commodities from four commodity asset classes: energy, agriculture, fertilizers, and metals. Article: Our Common Energy Future: What do 167 Years of Data Say? The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. International Cheap Price For Bag Brands Of Portland Cement 425 . Find the latest blogs by the Commodities Unit and other useful links related to commodities. International Cement Group shares closed on Thursday at 2.2 Singapore cents, up 0.1 cent or 4.8 per cent. Moreover, the government was trying to convince the International … Lastly, the other common cement variety in Ghana is the CIMAF cement. At first glance, International Cement Group seems to have a decent ROE. Museveni Looking For Votes In Boarder District Ntungamo. Titan Cement International SA is a Belgium-based international cement and building material producer. Through its subsidiary, Compact Metal Industries Ltd (CMI), it is engaged in mild steel window fabrication. Cement sales prices are reported to have fallen as a result of the lower demand. Briefing: Rwanda International Trade Fair #Expo2020. The IMF Press Center is a password-protected site for working journalists. Pakistan: Leading cement producers have said that prices will rise by 10% before 2021 if a reduction in Federal Excise Duty (FED) to US$5.95/t of cement from US$11.9/t does not materialise. Moreover, in Shinyanga Region, the price for 50kg of Twiga Plus cement was sold at 21,000/- while Simba cement was sold at 19,000/- per bag. 64 products found for portland cement international prices. DG Khan Cement owner Nishat Group chair Mian Mansha said, “Failing this, producers will take a US$119m total hit on revenues,” according to the Express Tribune newspaper. The CW Group’s Global Cement Trade Price Report (GCTPR) is designed to be a tool for those involved in the global trade of cement, providing a window into import and / or export prices in USD per ton and volumes in tons for gray cement, white cement, clinker and / or granulated blast furnace slag. Xinhua News Agency has reported that cement prices have also climbed on a month-by-month basis. The global cement market attained a volume of 5.17 billion tons in the year 2020. © 2020 International Monetary Fund. BusinessType. Hence in the long-term the trend of increasing clinker exports from India would... More details » Get Price Dangote cement has only one variety of its kind in the country. Arab Finance News reported that the company attributed the loss to accumulated effects of currency devaluation on imported fuel and to rises of electricity and oil prices. Manufacturers have further pushed up steel bar prices by Rs5,000 per tonne to Rs126,500-128,500 while cement prices are also moving up. Share, export, and download data using the interactive portal. In the third quarter of FY21, average cement price is up 0.8 per cent QoQ so far across India as against a decline of 1.1 per cent - 0.7 per cent QoQ seen in the past 5-10 years. Construction materials analyst Xu Xianchun said, "Demand in the construction industry has basically recovered to 2019's level, driven by new and resumed projects." Tanzania Government Confused About Rising Cement Prices. Philippines: Holcim Philippines’ first quarter profit declined by 29% year-on-year to US$9.91m in 2020 from US$13.9m in 2019. Cement and clinker sales remained flat. According to the company, the new prices will take effect from Wednesday, 11 December 2019. In 2018, the cement price came to around 127 U.S. dollars per metric ton. "The government is looking for the best way to ensure that gas is easily available, especially for existing (cement) industries in the Coastal Zone," said Minister for Industry and Trade Innocent Bashungwa. Throughout the year, the company said, it completed energy-saving optimisation and upgrades to improve efficiency, implemented strategic marketing and reduced the cost of material procurement. UK: The Competition and Markets Authority (CMA) has said that Breedon Group’s acquisition of a minority of Cemex UK’s ready-mix and aggregates operations “may lead to a substantial lessening of competition in the supply of ready-mixed concrete, non-specialist aggregates or asphalt in 15 local markets across the UK” in a letter to the group. Meanwhile, cement domestic indices showed mixed movements across geographies. Egypt: Cement sales have fallen by around 35 - 40% in Egypt. Sales rose by 20% to US$1.70bn from US$1.42bn. Excavator sales in March 2020 numbered 49,400, up by 12% year-on-year from 44,300 in March 2019. Prices have decreased by a small margin in the southern regions of Balochistan and Sindh.