Cement News tagged: Trading
Tokyo Cement commissions new terminal capacity
Sri Lanka’s Tokyo Cement has commissioned operations at its expanded Colombo terminal, following a LKR2.5bn (US$12.35m) investment. The capacity upgrade will fully come online when all three new cement storage silos, each with a capacity of 6000t, become operational, according to Daily News. The expansion will increase the company’s total bulk cement imports from 600,000tpa to over 1Mta.
After sharp falls in oil and coal, Omicron fears fading – petcoke down but with coal slowly higher, discounts return to positive
By Frank O. Brannvoll, Brannvoll ApS, Denmark The euro broke lower due to hawkish talk from the US Federal Reserve of higher yields in 2022. There is a range of US$1.12-1.16 expected in 2022, but the euro is likely move towards US$1.18. The Turkish lira saw a 47 per cent collapse from TRY9.75 to TRY14.40 in four weeks due to the new policy of negative real rates, making fuels substantial...
TCL increases cement prices by 15%
Trinidad Cement Ltd (Cemex group) has announced an ex-factory cement price increase of approximately 15 per cent. The price increase becomes effective on 20 December 2021. TCL said: “We have been absorbing rising input costs for a long time and are now unable to continue to maintain our prices. The main attributing cost factors are natural gas, imported spares ad other raw materials that go...
Philippines opens investigation on Vietnamese anti-dumping
The Philippines' Tariff Commission has started its investigation into the merits of imposing a definitive anti-dumping duty on cement imports. The commission commenced a formal investigation on 9 December following a request from the Department of Trade and Industry. A preliminary conference is scheduled for 20 December as part of the investigation. “Matters for discussion include the timeli...
South Khorasan exports US$7.2m in 7MFY21-22
Iran’s South Khorasan province exported cement to a value of US$7.209m in the first seven months of the Iranian calendar year (March 2021-October 2022), according to Hamed Hassan-Nejad, deputy head of the province’s Industry, Mining and Trade Department. During this period 276,795t of cement was exported to Afghanistan and Iraq. South Khorasan province has two cement plants, which produced a...
Arabian Cement exports advance 49%
Egypt-based Arabian Cement Co exports increased by 49 per cent YoY in the January-October 2021 period, according to Sergio Alcantarilla, the company’s CEO. Export destinations during this time included Libya, Spain, Sudan, the USA and Yemen. Arabian Cement posted a consolidated net loss of EGP23.21m (US$27,1844) in the 9M21, compared to EGP39.77m in the 9M20.
DTI increases anti-dumping duties on Vietnamese imports
The Department of Trade and Industry (DTI) has slapped provisional anti-dumping duties as high as 32 per cent on specific Portland cement brands from Vietnam to the Philippines, as these were found to be causing "serious injury" to local cement manufacturers. In a statement on Sunday, the DTI said a preliminary determination showed that nine out of 16 Vietnamese exporters of Type 1 cemen...
Cementos Progreso to increase its regional presence
Guatemala-based Cementos Progreso (CEMPRO) is seeking to increase its participation in the regional market. Following the investment made at its San Gabriel plant in San Juan Sacatepéquez, the Guatemalan company is exploring various investment areas in Central America, according to a company spokesperson. It recently entered the Belize and Panama markets and strengthened its participation in H...
Pakistani cement exporters face several challenges
The exports of cement and clinker from Pakistan have been affected by several factors, including a change in political set-up in Afghanistan, the persistent deadlock in trade between Islamabad and Delhi, anti-dumping duties, and the financial crunch in Sri Lanka, according to Inayat Ullah Niazi, CFO of DG Khan Cement. DG Khan exports its products to Afghanistan, Kenya, Madagascar, Maldives, Mo...
Petcoke prices fall while coal sees upward movement
Following on from ICR’s most recent energy report , the price of Brent oil fell to US$78.50. The API2 1Q22 contract edged up to US$129.00 while the API4 1Q22 price increased to US125.00. Petcoke prices are finally moving down but this is slow based on indexation. The price of 6.5 per cent sulphur petcoke USGC FOB declined from US$154.00 to US$148.00 while the CFR ARA price fell from US$188....
Tanga port receives large clinker consignment
Tanzania’s Tanga port has received a consignment of 50,000t of clinker from Saudi Arabia, which is reportedly on transit to Prime Cement in Rwanda. Tanga Regional Commissioner, Adam Malima, said: "The government investment in expanding the port has started bearing fruits because the port can now host large vessels, something which was not possible before the expansion," he said. "I call ...
Pakistan registers fall in exports during 4MFY21-22
Pakistan’s Federal Bureau of Statistics (FBS) reported a 38 per cent fall in exports in terms of dollar value and a 44.2 per cent decrease in export volumes in the 4MFY21-22 when compared with the year-ago period. The cement industry earned US$65.45m of export revenue by dispatching 1.804Mt of cement and clinker overseas, compared with US$105.54m from 3.233Mt of exports in the 4MFY21-22. In lo...
Fancesa signs agreement to export to Paraguay
Bolivia-based Fábrica Nacional de Cemento SA (Fancesa) and a Paraguayan construction company reached an agreement to export cement to the South American country. The cement producer will initially ship 20,000 bags per month but as demand in Paraguay advances, will increase its export volumes. All shipments are subject to the requirements of the Paraguayan Institute in terms of resistance, ...
Venezuela to export to Caribbean
Venezuela’s president, Nicolás Maduro Moros, has approved the Cement Export Plan 2022 as part of the country’s aim to diversify its economy. The plan also foresees the export of cement to the Caribbean for the first time. "For the first time, Venezuela will export cement to the Caribbean," President Maduro reported when instructing the Executive Vice President, Delcy Rodríguez, to investigat...
Lafarge Algeria hits 2Mt export record
Lafarge Algeria, part of the Holcim group, has exported 2Mta of cement and clinker for the first time, according to a company press release. The company achieved the volume less than five years after the start of cement exports from Algeria. The 2Mta volume represents a considerable increase from the 1.2Mt of exports achieved in 2020 and puts the company firmly on the way to its 2.5Mt target...
Bangladesh's cement industry export revenue dips in 03MF22
Bangladesh's cement industry has earned export revenue of US$1.59m in the first quarter of FY22 (July – Sept ), compared to US$1.81m in the year-ago period, a fall of 12.2 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh exports 90 per cent of its cement to India. Experts ...