Prices of construction materials are rising on strong demand with the implementation of huge government infrastructure projects and booming real estate developments by the private sector. Cement firms are implementing a second round of price hike starting Sunday, April 10. Cemex, the country’s leading cement company, has advised its distributors of a P10 increase per 40-kilogram bag of cement effective Sunday, April 10. This will raise wholesale cement prices to P227 per 50-kilogram bag of cement from the current price of P217. Wholesale price of Rizal cement brand is already at P217 per bag. With strong demand, imported cement from Vietnam has also started to come in. Vietnamese cement is coming in at P182 per bag but is being sold for P212 in Palawan. Holcim Cement, however, is reportedly also trying to match imports with imported cement also from Vietnam that will be selling at the same P212 per bag. [...]
