Pakistan’s cement exports has increased by 52 per cent to reach 0.94Mt in the month of October 2010 compared to 0.62Mt during the previous month, latest figures released by All Pakistan Cement Manufacturers Association (APCMA) showed Thursday.
According to the numbers by APCMA, cement dispatches stood at 4-month high for the month of October. The dispatches stood at 2.9Mt compared to 2Mt in September, showing an increase of 45 per cent on a month-on-month (MoM) basis.
The major increase of 52 per cent was followed by local dispatches that improved by 44 per cent to 1.97Mt as compared to 1.37Mt in September. However, when compared to the same period last year – total dispatches were lower by 4 percent to 2.9Mt than 3Mt sold in October’ 09. While a 16 per cent decline was seen in exports with local offtake improving by three per cent. The cumulative dispatches for 4MFY11 stood lower by 11 per cent to 10.12Mt compared with 11.42Mt in the same period last year. Analysts expect cement dispatches will improve, going forward with major contribution from local demand once reconstruction activities begin.