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Nepal forecast to require 26Mt/yr by 2024 - 2025 Written by Global Cement staff
24 May 2021
Nepal: A report by the Nepal Rastra Bank has estimated that Nepal will require 26Mt/yr of cement by the 2024 – 25 financial year due to large-scale infrastructure projects. However, current production before the coronavirus pandemic was around 7.5Mt/yr despite the country’s production capacity of 15Mt/yr, according to the Kathmandu Post newspaper. Domestic consumption is 9Mt with around 1.5Mt of demand supplied from imports, mainly from India. The report added that most of the large projects in Nepal used cement imported from India due to issues with certification, consistent quality and the inability of local producers to offer bulk supply. In 2019 the Ministry of Industry, Commerce and Supplies forecast that the country’s cement production capacity could increase to 20Mt/yr by the end of the 2023 – 24 year.
Cement price going to be hiked putting infrastructural dev in uncertainty
Cement price going to be hiked putting infrastructural dev in uncertainty
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.
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.