How To Know Cement Price Daily?

How To Know Cement Price Daily
So How can you know Today’s Cement Price? – The only proper way to know Today’s cement price is by contacting local cement sellers in your place, If you are trying to find cement prices online, you will not get the updated price. Let me know if you have any other methods to know the latest cement price in the below comment section.

What is the price of cement now?

Price of Cement in Nigeria – Here is a table showing both the retail and wholesale prices of cement in Nigeria.

Cement brands/companies Retail price per 50kg Wholesale price (600 bags) of 50kg.
Dangote Cement ₦4,200 ₦2,350,000 – N2,450,000
Ashaka Cement ₦4,000 ₦2,300,000 – N2,450,000
Eagle Cement ₦4,100 ₦2,200,000 – N2,400,000
BUA Cement ₦4,000 ₦2,250,000 – N2,400,000
Ibeto Cement ₦4,100 ₦2,200,000 – N2,400,000
Elephant Cement ₦4,100 ₦2,250,000 – N2,400,000

Price of cement in Nigeria 2022 The current price of Cement in Nigeria is expected to rise in the short to medium term due to high demand and low supply. The Nigerian government has also announced a ban on the importation of cement, which will further increase the price of cement in the country.

  • When it comes to buying cement, you may choose to purchase based on the power or preference of the brands but the price of cement in Nigeria depends on the cost of production and logistics.
  • Companies producing cement in Nigeria have slightly different prices from one another in various depots across the country.

A 50 kg bag of cement in Lagos is not the same price at which it is being sold in Abuja. The average cost of a bag of cement in Nigeria today is ₦4,200 for retail quantities and ₦3,800 for wholesale quantities in some states in Nigeria. Price Last Updated: November 29th, 2022 We are making efforts to provide you with the most accurate price available from these various brands, if you notice any discrepancy, please contact us or leave a comment below with the current price.

What is the price of cement in India today?

Cement Price List Today In India : 2022

Cement Brand Grade of Cement Price (Rs.)
Ambuja Cement 43 Grade OPC Rs.330
ACC Cement 43 Grade OPC Rs.370
Birla Cement 43 Grade OPC Rs.325
JK Lakshmi Cement 43 Grade OPC Rs.320

Will cement prices come down in 2022?

Cement prices under pressure, Mid-June dealer check Photo : iStock New Delhi: sectors Mid-June dealer check by witnessed a price decline trend. All-India average cement price was down 4% MoM in Mid-June 2022. Prices in the North were impacted due to lower demand whereas prices in the East were hit by rising competition.

You might be interested:  How To Do Layout In Construction?
Region Price Decline
North -6.60%
East -6.20%
Central -4.40%
South -1.80%
West -0.90%
All India -4.00%

QoQ Price Trend

Average Price (Per 50 kg bag) South East North West Central India All India
4QFY22 350 303 335 352 313 331
1QFY23 352 327 374 375 355 357
QoQ Change 0.40% 8% 11.50% 7% 13% 7.8

Demand a major concern Apart from other than seasonal factors such as lower labour availability, the harsh summer this year also impacted demand. Coming quarter will also be a concern as Monsoon witnesses less demand for Cement since Construction activities is on a halt during Monsoon.

  1. Cost pressure sustains: Prices of pet coke and imported coal are up 30-55% QoQ, while diesel prices are up 7% QoQ in 1QFY23 so far.
  2. Despite cost pressures sustaining, cement prices have corrected in the last one month – this would impact the profitability of cement companies.
  3. Going forward: Cost pressures to sustain for another two quarters at least, until 2QFY23.

Sharp stock-price corrections in recent times partly factor in this concern; however, the sector can see some more correction in the near term, as we enter a lean season (i.e. the monsoons: Jun-Sep) Subscribe to Notifications : Cement prices under pressure, Mid-June dealer check

Will cement prices go up in 2022?

Cement companies are likely to increase the price between Rs 10 and Rs 30 per bag in November, said Emkay Global Financial Services Ltd. The cement prices were increased by nearly Rs 3-4/bag last month. Emkay Global in a recent sectoral report said the average pan-India cement price increase was about Rs 3-4/bag in October 2022.

On a month-on-month (MoM) basis, prices rose by 2-3 per cent in the East and South, and about one per cent in the West; while declining 1-2 per cent in the northern and central regions, the report said. “Cement companies are attempting price hikes of Rs10-30/bag across regions in November 22. Absorption of these price hikes will be uncovered over the next few days,” IANS quoted Emkay Global as saying.

Industry volumes likely to have declined by a high single-digit YoY and a low double-digit MoM, in October 22, owing to a high base, as the festive season was spread across October-November last year. According to the report, a delayed exit of monsoons and labour shortage owing to festive holidays impacted demand in October 22.

  1. The demand is expected to improve in upcoming weeks, with all major festivals ending and given the onset of a busy construction season.
  2. The cost pressure is expected to ease in coming quarters for the industry players and the industry margins are expected to bottom out in Q2, with peaking of costs, higher exit of cement prices and pick-up in construction activities in coming quarters, said Emkay Global.

The international petcoke prices are down by about 30 per cent from the peak of $195/tonne. Further the dip in the fuel prices are expected to provide cost savings of at least Rs 150-200/tonne from Q3FY23, Emkay Global said. (With inputs from IANS) (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times,) Download The Economic Times News App to get Daily Market Updates & Live Business News.

You might be interested:  How Much Does A Rubber Membrane Roof Cost?

When cement prices will come down?

Cement prices down across India due to monsoon: Jefferies 07 Sep 2022 CW Team Cement prices are declining in most markets due to the monsoon, according to a research report by Jeffries. The all-India average prices are currently below the January 2022 average, when the cost pressure was less.

  1. The report has also cautioned that high input costs and soft pricing may further weaken the second quarter of the financial year for the sector.
  2. The recent price hike comes after a fall in cement prices by Rs 40 to 60 per bag since May 2022.
  3. The dealers have also indicated that there is pressure on prices due to the newly commissioned clinker capacity by Shree Cement, UltraTech and Dalmia.

Earlier in July, the Competition Commission of India (CCI) finalised a report on its investigation into the alleged cement cartelisation in the eastern and southern regions of the country. In East India, the weak cement prices for August, particularly in the Kolkata market, were due to the fight for volumes.

  • There was a price increase of Rs 10 to 15 per bag from September 5 and another Rs 10 per bag increase is expected from the September 15.
  • In West India, the producers have announced a price hike of approximately Rs 20 per bag in Ahmedabad and Pune markets from the fifth to September and there is no price hike announcement in Mumbai.

In central India, the cement prices were largely stable in the trade segment, except for a minor decline in the Lucknow market. For South India, the monsoons have been intensifying in the last two weeks of August, and the prices declined by approximately Rs 10 per bag in Bangalore and Chennai.

Why do cement prices hike?

Cement companies mull price hike of Rs 10-30 per bag in November: Report are planning to hike the price between Rs 10 and Rs 30 per bag in November after a increase of about Rs 3-4/bag last month, said Financial Services Ltd. in a recent sectoral report said the average pan-India cement price increase was about Rs.3-4/bag in October 2022.

  • Industry volumes likely to have declined by a high single-digit YoY and a low double-digit MoM, in October 22, owing to a high base, as the festive season was spread across October-November last year.
  • According to the report, a delayed exit of monsoons and labour shortage owing to festive holidays impacted demand in October 22.
  • The demand is expected to improve in upcoming weeks, with all major festivals ending and given the onset of a busy construction season.
  • The cost pressure is expected to ease in coming quarters for the industry players and the industry margins are expected to bottom out in Q2, with peaking of costs, higher exit of and pick-up in construction activities in coming quarters, said Emkay Global.
You might be interested:  Which Grade Of Cement Has High Heat Of Hydration?

The international petcoke prices are down by about 30 per cent from the peak of $195/tonne. Further the dip in the fuel prices are expected to provide cost savings of at least Rs 150-200/tonne from Q3FY23, Emkay Global said.

  1. -IANS
  2. vj/ksk/
  3. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

: Cement companies mull price hike of Rs 10-30 per bag in November: Report

What is the profit margin in cement?

License, Investment and Space Requirements of Cement Dealership – Like every other dealership, a cement dealership involves the completion of several formalities. The investment amount is dependent on the brand of the cement. The amount could vary between ₹ 50,000 and ₹ 5 lakhs,

  • Most of the top cement companies are known to return this amount with an applicable bank interest as well.
  • Dealers are known to earn a margin of at least 8-10% of the retail selling prices.
  • A minimum space requirement of 500 square feet is a prerequisite though it may vary according to the brand’s requirements.

Most of the documents required from several brands include:

Your GST number Ownership or rental premises Location of your commercial premises (where you propose to set it up) Details of other partners (if you plan to include partners) Details of taxpayer identification number (TIN).

Let’s study the requirements of some leading brands like Ambuja, Jaypee, and JK cement. Total investment required The above five brands ask for a security deposit that could vary between ₹ 1 lakh and ₹ 3 lakhs, If you find this amount too big, you can approach existing dealers and get associated with them.

Why cement prices are falling?

Reasons why cement stocks are falling – Cement shares have been falling in recent months due to the declining demand for cement. It is mainly due to the slowdown in the construction sector. The construction sector is a major user of cement. Additionally, the oversupply of cement in the market has also put pressure on prices, leading to a decline in cement stocks.

Is the price of cement rising?

Consequently, the price of cement is expected to grow 7.1% in 2022 alone. Bar chart with 31 bars.

What is the price of cement in Nigeria 2022?

Dangote Cement Price Today – Currently, the price of Dangote cement is ₦3,900 – ₦4,200 per bag (50kg), and ₦2,350,000 – ₦2,500,000 per wholesale package (600 bags). PRICE LAST UPDATED: February 17, 2022. Note, however, that this price varies from location to location within the country.

How much is a bag of cement in Nigeria 2022?

How much is a bag of cement in Nigeria? – As of present, the retail price of cement in Nigeria is ₦3,600 — ₦3,900 per bag, depending on brand, location, and other factors. And the wholesale price (600 bags) is ₦2,100,000 to ₦2,350,000, depending on the manufacturer.

What is the current price of Dangote cement?

Peers Price
DANGCEM Dangote Cement 262.30
FBNH FBN Holdings 10.70
FCMB FCMB Group 3.25
FLOURMIL Flour Mills Of Nigeria 27.60