Cement News tagged: Trading
Tajikistan leading cement importer in Uzbekistan
The State Committee of Uzbekistan on Statistics said the country receives the largest part of its cement imports from Tajikistan, which exported in the 8M22 approximately 625,000t of cement into Uzbekistan. Tajikistan produced 2.9Mt of cement in the January-August 2022 period. Other key importers include Kyrgyzstan and Kazakstan, which exported 458,000t and 409,000t, respectively to Uzbekist...
Ambuja and UltraTech win legal battle against electricity price hikes
Ambuja Cements and UltraTech Cement are among a number of companies who have won a legal battle against electricity distribution entities in Rajasthan over an increase in cross-subsidy surcharges (CSS). According to The Hindu, the electricity distribution companies buy electricity direct from the power producers and pay the CSS, which is then used to supply power to poor and under-privileg...
Pakistan sees a mixed export trend between July and August
Pakistan's cement and clinker exports earned revenue of US$17.217m by dispatching 329,128t of cement and clinker overseas in the first two months (July-August) of the current financial year FY22-23 (July 2022-June 2023), compared to US$21.389m from 534,808t of exports in the year-ago period. Therefore, the sector saw a fall of 19.5 per cent in dollar terms and of 38.5 per cent in volume during...
Bangladesh cement exports rise 114% in July-August
During the first two months - July and August – of FY22-23, Bangladesh cement exporters brought home an export revenue of US$1.65m on cement exports, which rose 114.29 per cent over the same months last year. The figure also includes a minor amount of salt, stone and related products, says the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh has set an export target for the cement ...
Ethiopia introduces new cement price regulation
Ethiopia has announced a new cement price regulation to tackle the rising cost of cement products in the country. According to the Ethiopian Ministry of Trade and Regional Integration, the factory selling price for a quintal (100kg) of cement will now be between ETB510-683.44 (US$9.50-12.74). Cement factories in Ethiopia were initially asked to make price adjustments but the prices suggested ...
Indian cement prices forecast to rise
Cement companies in eastern India are expected to raise their cement prices in mid-September, according to the Financial Express. Other regions across the country are forecast to follow suit in early October as the monsoon season comes to an end and construction activity resumes. Cement producers have already increased prices by INR15-20/bag (US$018-0.25/bag), an uptick of 4-4.5 per cent MoM, ...
Armenia reduces import duty for cement
Armenia’s parliamentary committee on economic affairs has given the green light on a bill by ruling Civil Contract Party MP Babken Tunyan on the lowering of import duty on cement and abolishing import duties on clinker. If passed by parliament, the cement import duty will fall from AZD14,000 to AZD9000 while clinker import duties will no longer be levied. The new bill is expected to address...
Oil down but coal rising again as gas prices advance
By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex is falling, led by oil, more interest hikes and the fear of recession. Oil prices are down due to lower demand expectations and a small increase in output by OPEC+. Meanwhile, the price of coal is rising again, driven by higher gas prices. API 4 coal costs now US$340. Russia continues...
Indonesian cement and clinker exports decrease 36% in June
Total exports from Indonesia declined by 35.5 per cent in June 2022 as the country’s cement producers supplied 665,760t of cement and clinker to overseas destinations, according to the Indonesian cement association, ASI. In June 2021 exports reached 1,032,486t. Cement exports slipped by 2.1 per cent to 115,455t in June 2022 from 117,960t in June 2021 while clinker exports decreased by 39.8 p...
Uzbekistan reduces imports by 25% in 7M22
In the January-July 2022 period Uzbekistan has imported 1.3Mt of cement, with a value of US$52.2m. In terms of volume, this represents a 24.5 per cent YoY drop from 1.721Mt in the 7M21, reports Asia-Plus. Of this total, 533,000t was exported by Tajikistan, which is the largest importer into Uzbekistan. Other sizeable volumes originated in Kyrgyzstan (385,000t) and Kazakhstan (353,000t). Turk...
Carbon prices reflect demand destruction but kept up by increased coal consumption, awaiting new regulation
By Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices tested the downside, due to fear of demand destruction and potential closing of production sites as a consequence of the lower gas deliveries. In addition to inflation, higher interest rates may dampen demand. However, in the short-term coal production has been increasing and several countries will reopen coal plants and even dies...
Burundi to allow cement imports
The Burundi government has announced plans to allow the import of cement in a bid to get prices under control. A shortage of cement in the country due to a lack of production capacity has created a black market with prices that have been steadily rising. Buceco Cement has been seeking a review of cement prices since 2021 due to soaring raw materials and transport costs. The company now wa...
Vietnamese cement consumption falls 27% in July
Cement consumption in Vietnam came in at 5.95Mt in July 2022, down 27 per cent compared to July 2021, according to data from the Department of Building Materials under the Ministry of Construction. Domestic consumption in July reached 4.85Mt while exports stood at around 1.1Mt. For the first seven months of 2022, cement consumption was an estimated 54.99Mt, a decline of 17 per cent YoY, wit...
Energy markets react to higher interest rates – coal demand surges to all-time high, petcoke now buyers’ market
By Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation keeps rising and while central banks have started aggressive interest rate hikes to curb it, these may be too late. The IMF has revised global economic growth down, and fear of demand destruction is lowering energy prices. The US Federal Reserve increased its interest rates by 0.75 per cent and the European Central Bank followed throu...
Steep fall in Pakistan cement exports in July 2022
Pakistan began the new fiscal (July 2022) by registering lower cement and clinker exports in value and volume terms, with declines seen on both a MoM and YoY basis. Experts attribute the decline to the global economic slowdown, supply chain disruptions and higher sea freight charges. Low export prices coupled with increasing coal prices made exports unattractive during the first month of t...
Indian producers turn to Venezuela for petcoke supplies
The surge in global coal prices has prompted Indian cement producers to turn to petcoke instead with the country importing significant volumes from Venezuela for the first time. According to Live Mint, trade data shows that India imported at least four shipments of 160,000t of petcoke from Venezuela, arriving in India between April-June 2022. A further 50,000t cargo is due to reach Mangalore, ...