Cement News tagged: Trading
Pakistan’s local cement dispatches rise, exports decline in 2MFY22
All Pakistan Cement Manufacturers Association (APCMA) released dispatch figures for August 2021 with a positive note that the cement sector posted growth of 22.8 per cent in August 2021 by dispatching 4.336Mt when compared with 3.531Mt during the same month of the previous fiscal year. Out of this total, local dispatches increased to 3.814Mt from 2.805Mt, up 36 per cent. However, exports cont...
Fears Ghana's cement price will climb above GHS60/bag
Ghana's cement price is likely to continue rising and could surpass GHS60/bag (US$9.94) by the end of the year if some taxes and levies are not scrapped, say cement producers. In the last seven months cement prices in the country have risen three times, amounting to a 27 per cent rise and pushing retail prices to GHS50/bag.Manufacturers have had no choice but to absorb a lot of the costs to...
Pakistan cement exports have a subdued July
Pakistan began export of cement and clinker in the first month of new fiscal (July 2021) with lower value and quantities, MoM and YoY. All Pakistan Cement Manufacturers Association (APCMA) attributes the declining trend in local and export dispatches to monsoon rains and the stoppage of construction activities due to Eid-ul-Azha across the country. According to the Federal Bureau of Sta...
CeMAP records rising cement imports from Vietnam
The Cement Manufacturers Association of the Philippines, (CeMAP) Inc said Vietnam's cement exports to the Philippines rose 17 per cent YoY to 2.51Mt in the first four months of 2021, making the Philippines the second-largest destination for Vietnam exporters. "With a huge surplus and lower domestic demand, we will likely see a more aggressive effort from Vietnam exporters to flood the Phili...
Vietnamese exports slip 2% in July
Total cement and clinker exports from Vietnam declined two per cent YoY in July 2021, according to the Vietnam National Cement Association (VNCA). The country’s cement producers supplied 3,202,346t of cementitious product to customers beyond its borders. However, when compared with June 2021, exports were up by 15 per cent. Of the total, 1,944,217t were clinker exports, down 41 per cent YoY ...
Cement sold through Iran's mercantile exchange rises
The operations manager of the Iran Mercantile Exchange (IME), Abbas Yaghoubi, has provided an update regarding the offering of all the country's cement via the IME, according to Trend News. Currently, 56 companies out of 78 cement companies have been admitted to offer their products through the IME, but further companies are expected to also accept and submit documents. "The trend of cem...
Kazakhstan lifts import restrictions
Kazakhstan has lifted the restriction on cement imports from third countries, Trend reports. As a result, cement clinkers, Portland cement, alumina and hydraulic cements are allowed to be imported into the country. The lifting is expected to benefit the demand in the western regions and reduce the price of cement in Kazakhstan. The ban was introduced on 30 April 2021 by the Ministry of I...
Rock Hard Distributors sees import restrictions claim dismissed
The judicial review claim brought by Trinidad and Tobago-based Rock Hard Distributors and St Lucia-based Rock Hard Distribution Ltd against the Ministry of Trade and Industry against the ministry’s steps to introduce a quota on imported cement and a proposal to increase import duties was dismissed by Justice Jacqueline Wilson. The claim sought to challenge the decision made by the ministry o...
Another busy export year for Pakistan’s cement industry
The Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for the just-concluded FY20-21 (July 2020-June 2021). Both value and quantity of exports rose in this period when compared with the equivalent months in FY19-20. Pakistan's cement industry in 12MFY20-21 earned US$267.91m of export revenue by dispatching 7.815Mt of cement and clinker overseas, compared t...
Vietnam considers higher cement export tariff
Vietnam’s Ministry of Finance (MoF) has reportedly proposed that the government consider increasing the export tariffs for clinker to 10 per cent from five per cent, according to Vietnam News. The MoF explained that exports of cement and clinker are not sustainable as their production uses non-renewable sources. Cement and clinker producers in Vietnam are also making use of a low electricit...
Bangladesh cement export revenue fall
Bangladesh's cement industry has earned export revenue of US$7.26m in the last fiscal year (July 2020-June 2021), compared to US$9.14m in the year-ago period, a fall of 20.6 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. An ...
Spanish cement exports increase 36% YoY in June
Spanish cement exports have seen growth slow to 35.9 per cent YoY to 3.8Mt in the first half of 2021, down from 38.2 per cent in the 5M21, according to Spanish cement association, Oficemen. In June 2021 alone the country exported 684,266t of cement, representing a YoY advance of 23.5 per cent. "Although we celebrate the recovery of exports, after the drop below 6Mt in 2020, the truth is that...
ADY Express starts exporting cement to Georgia
ADY Express LLC, a subsidiary of Azerbaijan Railways, has started transporting cement produced by Holcim Azerbaijan OJSC to Georgia by rail. The cargo is loaded on semi-wagons provided by ADY Express LLC at the Garadagh station and delivered to the Caspi station in Georgia. The return journey is generally carried out in 6-7 days. ADY Express has allocated 50 wagons for the transport...
Turkey sees 24% in exports in 4M21
Turkey’s cement export values increased by 23.5 per cent to US$1.41bn in the January-April 2021 period when compared to the equivalent period in 2020, according to the Turkish Ministry of Trade. Exports to Georgia were up 2.3 per cent to US$13.1m in the four-month period. In April 2021 Turkey exported cement with a value over US$402.5m to global markets, representing an advance of 74 per cen...
Indonesian cement exports see 119% YoY rise in 5M21
While cement exports from Indonesia decreased from 1.2Mt in March and April to 1Mt in May, the January-May 2021 volume saw a 119 per cent YoY rise to 5.69Mt, according to the Indonesian Cement Association (ASI). Around half of exports were shipped to Bangladesh while China accounted for an offtake of 740,531t, or 13 per cent, in the first five months of 2021. Taiwan, the Philippines and...
Mozambique's cement price drop down to economics
The fall in the price of cement on the Mozambican market after the Chinese investment in a new factory, Dugongo Cimentos, in Matutuine district, was expected by the government, the Minister of Industry and Trade has told reporters. "We, as a government, know what we're doing," he said. "We have our regulations and we have a responsibility to the business sector and to the Mozambican p...