erico2k2:

Its up already i n PH, they added N600, making it N2200, and I heard its going up more, shame we cannot store cement as much as we would love ot if not I 4 store them like now

You can't store it because you don't have space or cement can't be stored for a long time?

msogunro:

You can't store it because you don't have space or cement can't be stored for a long time?

Cement cannot be stored for long period of time.

Hajji M.

olapluto:
But why the sharp increase. I still dont have any reasonable explanation. Is Dangote importing cement now? Naira did not drop by 50% now. Is it just market panic? Cement always tend to stabilize though. Should I pause work on site or carry on?

Ah U know its raining now so when it comes to dry season, demand might drive it up even higher, so we should just swallow the pill and move on.This is beyond our control.

Cement can be stored for as long as you want just make sure you don't allow any kind of moist to go near

erico2k2:

Its up already i n PH, they added N600, making it N2200, and I heard its going up more, shame we cannot store cement as much as we would love ot if not I 4 store them like now

2k here.. still dont know why the sudden increase

erico2k2:

Ah U know its raining now so when it comes to dry season, demand might drive it up even higher, so we should just swallow the pill and move on.This is beyond our control.

Oga erico2k2 this not acceptable at all. This is a reaping off by the cement manufacturers, Govt should allow importation of cement to force down the price because Dango baba and CO dont have any basis to increase this, naa dem dey enjoy this forex regime of this government and electricity dey.
The volume of construction has gone down so there should be a fall in the price and not increase.

The price will come down in a while, the increase is not sustainable

olapluto:
But why the sharp increase. I still dont have any reasonable explanation. Is Dangote importing cement now? Naira did not drop by 50% now. Is it just market panic? Cement always tend to stabilize though. Should I pause work on site or carry on?

From what I got from a distributor:

Dangote has not officially increased the price of cement but the company has refused to accept fresh payment since mid last week.

According to the distributor, it is either the company has issues with their banks or they may be planning to increase the price.

The increase we are experiencing is because the major distributors are hoarding the cement.

Once they started accepting payment, we can then tell whether the increment would remain or not.

UPDATE
The company has started accepting payment at N2,100 per bag, so the price will stable around N2,200 per bag till further changes.

jossy26:
The price will come down in a while, the increase is not sustainable

Chk oh, the increase is in the rainy season where construction is low, dry season construction goes up and demand same, waht happens then

Dieumerci:


From what I got from a distributor:

Dangote has not officially increased the price of cement but the company has refused to accept fresh payment since mid last week.

According to the distributor, it is either the company has issues with their banks or they may be planning to increase the price.

The increase we are experiencing is because the major distributors are hoarding the cement.

Once they started accepting payment, we can then tell whether the increment would remain or not.

#Ok thats kinda refeshing, make we siddon look wetin dem go comeout with but mainwhile work goes on

back2sender:

Oga erico2k2 this not acceptable at all. This is a reaping off by the cement manufacturers, Govt should allow importation of cement to force down the price because Dango baba and CO dont have any basis to increase this, naa dem dey enjoy this forex regime of this government and electricity dey.
The volume of construction has gone down so there should be a fall in the price and not increase.

The thing tire man oh, The reason for teh ban on importation was to encourage local production but it seems its working against us.One man controls the cement industry.

jossy26:
Cement can be stored for as long as you want just make sure you don't allow any kind of moist to go near

nah how to prevent moisture be the koko

^^^, Yea if you got a means to prevent moisture your cement can stay as long as you want it to, Nigeria is currently producing more cement than we require so I don't think importing is a good idea now not even with the current forex crisis.

Eventhough the manufacturers want to jack up prices but not this much; not sustainable, every other product in naija has increased lately so cement won't be an exception.

erico2k2:

nah how to prevent moisture be the koko

It's almost impossible. Cements generally have best use before duration from production date.
It still absorbs water vapor. The moisture content increases and it's strength reduces.
Same thing with gypsum cement or any material that react by hydration. There is partial hydration from vapor already.
I think the standard is within or less than 6 months.

jossy26:
The price will come down in a while, the increase is not sustainable

The cost of manufacturing cement is not directly proportional to foreign currency exchange rate changes. Thus, it is inconceivable that a 100% spike in cement price in less than 10 months is justifiable and sustainable when vital macro and micro economic indicators (gross national income/revenue, gross domestic product, employment rate, earned wage/benefits payment, disposal income, etc) are contracting. Unless cement using construction by governmental entities and Nigerians abroad (exchange rate equalization of Naira price increase of commodities) can offset and supplant the overall lower demand by our local private sector, individuals and businesses, the new price of cement will fall to appropriate equilibrium with supply. If, as I think, current and foreseeable demand will trail supply, drastic recent price increases can not sustain; Dongote etc may have to cut production or sit on their excess supply. Oil boom and curruption based excess liquidity is very low; money river no-dey-flow like before; austerity dey every corner! Then again, this is Nigeria! Proven economic theories and experiences may not jive/rhyme or stick. Good luck to those of us who are irrevocably committed to commencing or completing their build! God dey!

Juokorow:


The cost of manufacturing cement is not directly proportional to foreign currency exchange rate changes. Thus, it is inconceivable that a 100% spike in cement price in less than 10 months is justifiable and sustainable when vital macro and micro economic indicators (gross national income/revenue, gross domestic product, employment rate, earned wage/benefits payment, disposal income, etc) are contracting. Unless cement using construction by governmental entities and Nigerians abroad (exchange rate equalization of commodity Naira price increase) can offset and supplant the overall lower demand by our local private sector, individuals and businesses, the new price of cement will fall to appropriate equilibrium with supply. If, as I think, that current and foreseeable demand Will trail supply, drastic recent price increases can not sustain; Dongote etc may have to cut production or sit on their excess supply. Then again, this is Nigeria! Proven economic theories may not jive/rhyme. Good luck too those of us who are irrevocably committed to commencing or completing their build!

Maybe effect of government ptojects.

gbadexy:

It's almost impossible. Cements generally have best use before duration from production date.
It still absorbs water vapor. The moisture content increases and it's strength reduces.
Same thing with gypsum cement or any material that react by hydration. There is partial hydration from vapor already.
I think the standard is within or less than 6 months.

This is what I thought

^^ so how do the manufacturers and importers store the product? Or you think cement is sold the same day it s produced?

jossy26:
^^ so how do the manufacturers and importers store the product? Or you think cement is sold the same day it s produced?

Might be stored in moisture free zone ie semi vacum

Beulah09:


Maybe effect of government ptojects.

Big maybe! Even in major market-based "capitalist" economies, e.g USA, monopolies or near monopolies, particularly in important sectors of the economy are more closely regulated. You cannot limit cement import, concede domestic production to a few mega manufacturers, monopoly, and fail to ensure against monopolistic profit! Assuming that planned and ensuing massive federal infrastructure programs could strain normal total public and private sector demand for vs supply of cement, govt should plan for price stabilization by, among other measures, granting provisional import licenses, leveraging regs. to sustain price moderating supply levels by monopolies. Again, I know, " this na naija". Must we accept it? We can acknowledge, without conceding the propriety or lacking of) the way we dey roll!

Agarawu my nigga ' you're sighted . Pls come back home we're missing you .

One major dealer tipped me off and I paid for 1000 bags of cement at N1450 last week. If you see how I dey laugh like person wey win lottery today

I store cement at major dealer stores, I pay for larger quantities and pick them up in 100 and 50s .

spyder880:
One major dealer tipped me off and I paid for 1000 bags of cement at N1450 last week. If you see how I dey laugh like person wey win lottery today

I store cement at major dealer stores, I pay for larger quantities and pick them up in 100 and 50s .

Baba loan me 30 bags pere..you are lucky sir

spyder880:
One major dealer tipped me off and I paid for 1000 bags of cement at N1450 last week. If you see how I dey laugh like person wey win lottery today

I store cement at major dealer stores, I pay for larger quantities and pick them up in 100 and 50s .

We will not take this *in Orubebe's voice*

twinskenny:


Baba loan me 30 bags pere..you are lucky sir

Bros how far, just that I get too much work lined up. I had to rush in this morning to buy from unsuspecting sellers who may not have heard the news but failed. However I bought another 100 bags from a far market at N2000 in Enugu today.

I also swooped on iron rods today, got about 8 tons or more paid and waiting for when I will need it. We just need to be proactive in this regime.

spyder880:


Bros how far, just that I get too much work lined up. I had to rush in this morning to buy from unsuspecting sellers who may not have heard the news but failed. However I bought another 100 bags from a far market at N2000 in Enugu today.

I also swooped on iron rods today, got about 8 tons or more paid and waiting for when I will need it. We just need to be proactive in this regime.

Howmany Y16 makes one tone?
howmany Y12 makes one tone
I have come to realize I need 300Y12 and 100 Y16 to deck my build

spyder880:


Bros how far, just that I get too much work lined up. I had to rush in this morning to buy from unsuspecting sellers who may not have heard the news but failed. However I bought another 100 bags from a far market at N2000 in Enugu today.

I also swooped on iron rods today, got about 8 tons or more paid and waiting for when I will need it. We just need to be proactive in this regime.

Proactive is the key my brother

erico2k2:


We will not take this *in Orubebe's voice*

My brother, I started storing materials since a long time o

I knew dollar will rise so I started storing everything.

If you see my home store ehh

twinskenny:


Proactive is the key my brother

Need to build myself a proper store in my house to avoid sleeping on electrical cables one day

spyder880:


My brother, I started storing materials since a long time o

I knew dollar will rise so I started storing everything.

If you see my home store ehh

I wish I saw this coming, infact now i will start storage

spyder880:


My brother, I started storing materials since a long time o

I knew dollar will rise so I started storing everything.

If you see my home store ehh

Lol. Wow No be small storage oo! Chief you neva still use all these things since then ?? Oga spyder!!! , the man who saw the future from the past .

It appears you found a way around the issue you hinted me on earlier.