Cement price going to be hiked putting infrastructural dev in uncertainty
Sun Online Desk
23rd May, 2021 01:37:59
The price of the cement is going to be hiked in the local market in the face of raw material import adversities.
The problems relating to shipping of the clinkers and other raw materials are responsible for the price hike, source said.
Cost and freight of clinker at Chattogram port has jumped from $56-57 to $60-62 per ton.
Increase in ship fare taking place in November last year has not subsided yet. Longstanding high fare has affected the cement market.
In the recent past, shipping of clinker from Indonesia, Vietnam and Middle East used to cost $20-22 per ton---which is now $26-28.