10/07/2019 10:45:41

Gasoline, electricity increased: Iron and steel, cement set new price level

After fluctuations in electricity prices and gasoline prices in March and April, many products and services began to react to price increases. In the market, prices of construction materials such as iron, steel, cement, construction labor prices also followed the upward momentum.

Survey, in construction material stores in Hanoi city, steel plate is priced at 14,300 VND / kg, steel V is 15,100 VND / kg, square steel box is 17,000 - 18,000 VND / kg (up 1,000 - 1,200 VND / kg), iron 6, 8 are priced at 15,500 - 15,700 VND / kg, ...


The owner of several material stores said: after the Lunar New Year until now, steel prices have inched up every day, about 10% compared to before Tet. Prices of construction bricks and sand also increased by 5% - 7% compared to the previous month. Construction sand price is 390,000 - 400,000 VND / m3; Red bricks from 840 - 900 VND / tablet and always in a situation of insufficient supply even though brick factories are running at full capacity. Wall tiles, floor tiles cost from 210,000 - 220,000 VND / m2 (type 60 cmx60 cm), up 7% over the previous month.


Mr. Nguyen Thang - owner of a building material store in Nam Tu Liem district, Hanoi, said that prices of construction materials increased from 5% -10%, especially construction sand increased rapidly. "Previously, sand used for leveling ground was only a few tens of thousands of dong / m3, now sand prices at retail places are pushed 100,000-150,000 VND / m3," Thang said.


The increase in construction steel prices is increased from 100,000 to 200,000 VND / ton. Accordingly, Australia Steel Manufacturing Company SSE (SSE Steel) increased selling price of D10 rebar by 100,000 VND / ton, for rebar and rolled steel increased by 200,000 VND / ton; Thai Nguyen Iron and Steel Joint Stock Company (Tisco) also raised the price of finished steel products, in which D10 rebar steel increased by 200,000 VND / ton, rolled steel, D12 and D14 and above increased 150,000 VND / ton; Prices of construction steel products of all kinds also increased by VND 150,000 / ton.


Even in 3/2019, cement manufacturing enterprises have announced to increase the selling price of cement to the market. Some businesses such as Vissai Ninh Binh, Song Lam Cement, Dong Lam Cement, Cong Thanh Cement ... adjust cement selling prices starting from 1/4/2019.


Specifically, Song Lam Cement Joint Stock Company (Vissai Cement Group) has increased the selling price of cement products, leaving from 40,000 to 50,000 VND / ton. Some other cement brands also increased their selling prices such as Vicem Hoang Thach from 20,000 to 50,000 VND / ton; Ha Long Vicem from 20,000 - 30,000 VND / ton; Vicem Ha Tien, Bim Son Cement, Vicem Nghi Son, Cam Pha together increased 30,000 VND / ton ...


Price increases are inevitable
According to Mr. Nguyen Quang Cung, Chairman of Vietnam Cement Association, electricity price increased by 8.3%, causing production cost of 1 ton of cement to increase VND 14,000 - 15,000 / ton. "Price increases, businesses must simultaneously increase cement prices by an average of 50,000 VND / ton. This increase is reasonable and inevitable when electricity prices rise and gasoline prices continue to rise. This is also the first adjustment of selling price in 2019 and the cement industry is assessed as a stable and low-price industry compared to many other manufacturing industries, ”Cung said.


According to General Director of Cement Corporation (VICEM) Bui Hong Minh, VICEM is promoting the application of scientific and technological advances to production, while focusing on solving technological bottlenecks, reducing consumption especially consumption. energy, reduce costs, renovate crusher systems, improve competitiveness, improve production capacity ...


Mr. Nguyen Huu Quang, Director of the enterprise of exploiting and processing natural stone, construction material stone and export said that electricity accounts for 10 - 15% of the total production cost. The electricity price increase in 2019 will affect production and business activities in the year because the contract of selling products has been signed since the end of 2018.


“The selling price of the enterprise products has been contracted since the end of 2018, in order to keep our reputation, we must keep the committed selling price. Increasing electricity prices increase production costs while revenue remains the same, we must use all measures to reduce costs, save electricity such as taking advantage of sunlight on some stages to reduce power consumption. morning ... However, in the near future, goods will have to raise prices by 10-15%, "Mr. Quang commented.


Not only did construction material prices increase, construction labor prices also increased compared to the previous month. Specifically, workers increase 50,000 / day, key workers up to 400,000 VND / day, secondary workers: 150,000- 250,000 VND / day.


Explaining the problem of increasing selling prices, cement companies all have the same opinion: Currently, electricity costs account for over 10% of production costs. If the new price is applied, clinker production will add about VND 7,500 / ton and cement will increase by VND 20,000 / ton. In addition, since the beginning of the year, coal products supplied by Coal and Mineral Group are not enough to meet domestic demand, causing many cement enterprises to import coal at high prices.

OTHER POSTS

NEWS

MOST POPULAR

LỊCH

  • Footer 01
  • Footer 02
  • Footer 03
  • Footer 04

 

    

QUỐC VINH MATERIAL JOINT STOCK COMPANY (QVS)

377/38 Lê Quang Định, Ward 5, Bình Thạnh District, HCMC
Tel: (84-28) 3636 7516 - Fax: (84-28) 3636 7517
Email: info@qvs.vn - Website: www.qvs.vn - www.quocvinh.vn