Cement News tagged: Trading

Indian cement prices forecast to rise

12 September 2022, Published under Cement News

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

09 September 2022, Published under Cement News

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

02 September 2022, Published under Cement News

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

29 August 2022, Published under Cement News

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

Uzbekistan reduces imports by 25% in 7M22

24 August 2022, Published under Cement News

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

26 August 2022, Published under Cement News

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

Burundi to allow cement imports

19 August 2022, Published under Cement News

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

18 August 2022, Published under Cement News

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

26 August 2022, Published under Cement News

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

17 August 2022, Published under Cement News

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

17 August 2022, Published under Cement News

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, ...

Bangladesh expects a 15% growth in cement exports in FY22-23

12 August 2022, Published under Cement News

Bangladesh has set an export target for the cement industry at US$11m during the 12 months of the ongoing financial year, ending 31 June 2023, compared to US$9.57m earned in FY21-22. This translates to expected growth of 15 per cent YoY, according to the Bangladesh Export Promotion Bureau (EPB) data. Meanwhile, the first month of FY22-23, ie July 2022, started with bringing home US$0.72m of...

Higher inflation and fear of recession impact energy complex

04 August 2022, Published under Cement News

Since ICR’s most recent energy report , the energy complex is trending lower due to higher inflation and the fear of recession. Higher interest rates are fuelling demand destruction. Russia is offering discounts to non-sanction countries, affecting the price of oil and coal. The price of oil was down sharply following the IEA report on falling demand, combined with the OPEC+ plan to increase ...

Pakistan cement dispatches dwindle in July 2022

04 August 2022, Published under Cement News

Pakistan dispatched a 2.039Mt of cement during July 2022, down 47.7 per cent from 3.899Mt during the same month of the last fiscal year. According to the data released by the APCMA, local cement dispatches by the industry during July 2022 were 1.88Mt compared to 3.44Mt in July 2021, showing a decline of 45.3 per cent. Export dispatches also suffered a massive decrease of 66.1 per cent as ...

Pakistan to report weaker cement dispatches in July 2022

01 August 2022, Published under Cement News

Pakistan's two leading research houses, AHL Research and Topline Securities, while taking account of provisional cement data of July 2022, the first month of the FY22-23, depict a considerable decline in local/export sales due to the Eid holidays, monsoon rains across the country, and a fall in land and sea routes dispatches. However, the All Pakistan Cement Manufacturer Association (APCMA) is...

Song Lam Cement exports 2.28Mt of cement in 1H22

27 July 2022, Published under Cement News

Vietnam-based Song Lam Cement JSC , part of the Vissai Group , exported 2.28Mt of cement in the first half of 2022, according to local media.   The Philippines was the largest off-taker of Song Lam cement, importing 713,000t. Other sizeable volumes were bought by China (640,000t) and the USA (628,500t). A further 101,000t was shipped to France and 5000t to Singapore. In terms of productio...