Global price-hike in raw material hits local cement market
News Desk | banglanews24.com
Price hike of clinker, the main raw material for cement production, in the international market has affected the cement prices in the local market.
Besides, increasing cost of freight on board (FOB) and cost & freight (CFR) fueled the cement price in Bangladesh.
According to sector insiders, as the production of cement fully depends on the import of raw materials, rising price of raw materials in the global market is forcing the local manufacturers to increase cement price.
Clinker is one of the main raw materials for making cement. The cost of imported clinker has soared to $54 per tonne from $42. In other words, the cost of importing per tonne of clinker has increased by $12.