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21 February, 2018 00:00 00 AM
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Prices of construction materials mark rise

According to TCB, the price of 60-grade rod increased by 17.66pc while 40-grade by 23.64pc compared to that of the last year
UNB
Prices of construction materials mark rise

Prices of construction materials in the local market have

gone up in recent weeks, reports UNB.

Market sources attributed the rise to increase of the prices of raw materials in the international market. But consumers have asked for better market monitoring by the government to make sure they needed not to pay extra.

Prices of cement, brick and rod marked rise in varied ranges thereby, putting pressures on the consumers.

Visiting several markets, the news agency correspondent found that the price of per sack (50 kg) of cement of most brands has increased by Tk 20.

Talking to several retail cement traders in different areas of Dhaka on Monday, this correspondent found that each bag of Crown Cement was being sold at Tk 420, Fresh Cement at Tk 410, Ruby Cement at Tk 415, Akij Cement at Tk 425, Shah Cement (special) at Tk 400, Premier Cement at Tk 380, Holcim Cement at Tk 430, Scan Cement at Tk 430, and SuperCrete Cement at Tk 400.

Last week the prices of these 50kg packs were lesser by at least Tk 20 than this week’s prices, they said.

In district level markets, Shah Cement (OPC) was sold on Monday at Tk 425 to Tk 440, Shah Cement (Special) at the range of Tk 415-435, Seven Ring, Bashundhara Cement and SuperCrete Cement at Tk 435 per pack, Scan Cement at Tk 420, Holcim Cement at Tk 440, Amansim (Advance) at Tk 435, Crown Cement at Tk 420 to Tk 440, Fresh Cement, Mir Cement, Anwar Cement and Tiger Cement at Tk 400 to Tk 420, Akij Cement at Tk 440, Premier Cement at Tk 420 to Tk 440 and Seven Horse Cement at Tk 380 per bag.

Bangladesh Cement Manufactures Association Vice-president and Metrosem Cement Managing Director Md Shahidullah told the news agency that cost of raw

materials per sack (50kg) was increased by Tk 80 in the production level.

As per international market, clinker price has increased from USD 40 to 50 per ton, slide price from USD 18 to 29, gypsum from USD 24 to 28, fly ash from USD 21 to 26, limestone from USD 18 to 28 and also the value of

Dollar got increased from Tk 80 to Tk 84.

Besides, cost of international freight forwarding was increased by 20 per cent while local freight was increased by Tk 20 to Tk 25 per bag.

Giving the whole range of price escalations Md Shahidullah reasoned that price per bag should have been increased by Tk 80. “But as adequate supply is there in the market, we are not going to increase the price by Tk 80 per bag,” he added.

“Tk 20 was increased just for cost minimisation. It might be increased up to Tk 80 per bag,” said the association leader.

Over a hundred cement factories - small and big - in the country together produce around four crore metric tons of cement a year against a demand of 2.4 crore MT.

Price of bricks also has gone up. Price per thousand bricks has marked a rise by Tk 1000 to Tk 1500 over the past one year.

Every thousands of No 1 bricks are being sold from Tk 8500 to Tk 9000 at the brickfields. Last year, the price was in the band of Tk 7000 to Tk 8000.

Abu Bakar, general secretary of Bangladesh Brick Manufacturing Owners’ Association, said, “This is the peak time for production. The prices of coal and raw soil have been increased.”

“So, it is not right to say that the manufacturers have increased the price. Brick prices are increased due to rise in prices of all raw materials,” he added.

In the rod market, 60-grade MS rod or better quality was being sold from Tk 59,000 to Tk 61,000 per ton. Just a month back, the price was ranging from Tk 53,000 to Tk 54,000.

Forty-grade MS rod is being sold for Tk 50,000 to Tk 51,000 per ton, which was earlier on sale for Tk 48,000 to Tk 49,000 a ton.

According to the analysis of Trading Corporation of Bangladesh (TCB), the price of 60-grade rod increased by 17.66 percent while 40-grade by 23.64 percent compared to that of the last year.

Makhan Lal Das, owner of M/S Star & Co of Malibagh area in Dhaka, told the news agency that overall business has experienced a downturn due to the high prices of rod. Usually, at the beginning of each year, rod manufacturers increase the price, he added.

“If the market is not stable, buyers buy less. However, there is no possibility of lowering of prices this year,” he forecasted.

Founding president of Bangladesh Auto Rerolling Steel Mills Association and Managing Director of Shahriar Steel Mills, Sheikh Mashadul Alam Masud, told the news agency, “The country’s market has been affected due to the increase in the prices of electricity, dollar, fuel oil and cost of raw materials in the world market.”

“However, the affect was less than what we thought,” he also said. “But, if we calculate properly, the price should be increased to Tk 10,000 to Tk 15,000 per ton,” he argued.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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