Cement prices increase for the third time in last 15 days

News Image

MG News | March 14, 2022 at 10:24 AM GMT+05:00

0:00

March 14, 2022 (MLN): To pass on the massive increase in global coal prices, Cement players in the North region have increased cement prices by Rs40-50 per bag for the third time in a row in the past 15 days, setting a new record of Rs840-850 per bag, a research note by Intermarket Securities said.

This takes the total price hike to Rs150-160 per bag.

The global coal prices have surged to $455/ton in March but are presently hovering at $355/ton – coupled with higher transportation costs amid rising petroleum prices.

According to the report, cement producers have so far passed on the cost increase up to $250/ton equivalent of coal price impact and they may further increase the prices if coal sustains the $300/ton level.

The surge in Coal prices has forced local cement players to switch towards other resources where Afghan coal has taken a lead by cutting down input costs and providing a breathing space. Almost all the North producers are substituting imported coal (majorly from South Africa) with local and Afghan coal, between 20-50% of total coal usage (mostly Afghan coal) depending on the availability and each company’s plant specification.

Presently the landed cost of Afghan coal is around $170-200 per ton. South players, on the other hand, are still majorly using Richard Bay coal while local cement prices in the region are hovering around Rs860-880 per bag, the report said.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 180,512.65
448.22M
-1.39%
-2537.16
ALLSHR 108,400.67
868.95M
-1.31%
-1441.30
KSE30 55,207.56
114.28M
-1.38%
-773.10
KMI30 255,372.52
163.47M
-1.65%
-4292.29
KMIALLSHR 69,728.20
559.75M
-1.31%
-922.50
BKTi 52,173.33
27.19M
-1.16%
-613.90
OGTi 35,348.89
25.23M
-2.28%
-823.86
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 68,260.00 68,350.00
66,735.00
545.00
0.80%
BRENT CRUDE 69.18 69.85
68.86
-0.22
-0.32%
RICHARDS BAY COAL MONTHLY 96.00 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
1.70
1.65%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 64.52 65.10
64.18
-0.11
-0.17%
SUGAR #11 WORLD 13.72 13.88
13.67
-0.12
-0.87%

Chart of the Day


Latest News
February 12, 2026 at 04:57 PM GMT+05:00

SBP boosts farm loans to Rs1.4tr in H1FY26


February 12, 2026 at 04:41 PM GMT+05:00

House votes to reject Trump’s tariffs on Canada


February 12, 2026 at 04:28 PM GMT+05:00

Nissan forecasts $4.2bn loss amid sluggish sales


February 12, 2026 at 04:21 PM GMT+05:00

SECP registers 3,881 new companies in January 2026


February 12, 2026 at 04:10 PM GMT+05:00

PSX Closing Bell: A Rough Day at the Office



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg