Cement Net News: Notice of Cement Price Increase in Chongqing

2024-09-03 17:09:57

Recently, leading enterprises in Chongqing's main urban area and western Chongqing have pushed up cement prices by 30-60 yuan/ton.

China Cement Net Market Data Center News: According to market feedback, in September, cement enterprises in Chongqing continued to carry out off-peak production for 15 days, coupled with the price bottoming in the region in the early stage, most enterprises operated at a loss. In order to improve profitability, leading enterprises in Chongqing's main urban area and western Chongqing have recently pushed up cement prices by 30-60 yuan/ton. At present, the region is facing high temperature challenges, the market demand is insufficient, and the price implementation needs to be further tracked and observed. (More Chongqing cement prices)

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Adani is also a big man in the Indian cement industry and is the second largest cement producer in India. He entered the industry in 2022 with the acquisition of Holcim's cement business in India, which acquired about 70 million tons of cement per year for $10.5 billion. Adani plans to expand its annual cement production capacity to 140 million tons by 2028. Adani has previously invested $1.6 billion to acquire Sanchi Cement and Penna Cement, and is expected to acquire an additional 21 million tons of production capacity.