The Price Management Department under the Ministry of Finance haspredicted the domestic price of cement will likely see a slight increasein October.
The forecast was made based on the real productionand consumption figures for cement businesses over the last nine monthsand the expected prices registered by firms.
In September, thetotal volume of cement sold domestically and internationally reached4.84 million tonnes, equivalent to 95.3 percent of August sales and 95.8percent of sales during the same period last year.
About 3.99million tonnes were sold on the domestic market in September, amonth-on-month decline of 7.8 percent, mainly due to the impact ofstorms. This was the first month during which cement consumptiondeclined after five consecutive months of a consumption volume of 5million tonnes and more.
Meanwhile, an estimated 850,000t were shipped abroad in September, up by 13 percent compared to August.
Duringthe first nine months of this year, a total of 47.16 million tonnes ofcement were sold on domestic and international markets, up by 6 percentcompared to the same period last year. Of the figure, domestic saleswere 36.98 million tonnes, up 8 percent year on year, and exportsreached 10.18 million tonnes, the same as the figure for the same periodlast year.
In February, the retail price for cement on thedomestic market decreased by 20,000 VND (0.94 USD) per tonne compared toJanuary. However, in April prices increased by 30,000-60,000 VND pertonne due to logistics companies raising their freight rates.
Atpresent, the retail price for cement stands at approximately 1.05-1.5million VND per tonne in the northern and central regions, and around1.46 –1.8 million VND per tonne in the southern region. The export priceof cement is approximately 55.2 USD per tonne.-VNA
The forecast was made based on the real productionand consumption figures for cement businesses over the last nine monthsand the expected prices registered by firms.
In September, thetotal volume of cement sold domestically and internationally reached4.84 million tonnes, equivalent to 95.3 percent of August sales and 95.8percent of sales during the same period last year.
About 3.99million tonnes were sold on the domestic market in September, amonth-on-month decline of 7.8 percent, mainly due to the impact ofstorms. This was the first month during which cement consumptiondeclined after five consecutive months of a consumption volume of 5million tonnes and more.
Meanwhile, an estimated 850,000t were shipped abroad in September, up by 13 percent compared to August.
Duringthe first nine months of this year, a total of 47.16 million tonnes ofcement were sold on domestic and international markets, up by 6 percentcompared to the same period last year. Of the figure, domestic saleswere 36.98 million tonnes, up 8 percent year on year, and exportsreached 10.18 million tonnes, the same as the figure for the same periodlast year.
In February, the retail price for cement on thedomestic market decreased by 20,000 VND (0.94 USD) per tonne compared toJanuary. However, in April prices increased by 30,000-60,000 VND pertonne due to logistics companies raising their freight rates.
Atpresent, the retail price for cement stands at approximately 1.05-1.5million VND per tonne in the northern and central regions, and around1.46 –1.8 million VND per tonne in the southern region. The export priceof cement is approximately 55.2 USD per tonne.-VNA
