Cement News tagged: Trading

Oman and UAE sign agreement on limestone exports

19 October 2023, Published under Cement News

Oman and the Etihad Rail Co(OERC) have signed an agreement with Emirates Steel Arkan to facilitate the export of raw limestone from Oman to the UAE. According to Gulf News Reporter, OERC will provide logistics solutions for the transportation of 4-6Mta of limestone, which Emirates Steel Arkan plans to import from Oman to its cement factories in Al Ain, UAE. “Our collaboration with OERC enha...

PIBTL reap benefits from PKR appreciation to reduce exchange losses 

18 October 2023, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBTL) will benefit from Pakistani rupee currency appreciation against the greenback. The rupee is getting stronger due to administrative measures. PIBTL was incurring losses due to exchange losses. According to Spectrum Research, the strengthening of rupee against the dollar by four per cent since June 2023 is poised to mitigate the foreign exchange l...

Saudi Arabian exports top 11Mt

18 October 2023, Published under Cement News

Saudi Arabia exported a total of 11.33Mt of cement and clinker in the 21-month period covering 2022 and the opening nine months of 2023. The figures from the Saudi Trade Ministry mark a notable ramp up in output by the country’s cement producers. Exports were primarily destined for Jordan, Yemen, Bahrain, Iraq and Bangladesh, reports Zawya. In 2022 Saudi Arabia received a total of 181,000t o...

Coal continues recovery while petcoke sees sharp fall

11 October 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll Aps, Denmark Coal has continued its recovery with a higher energy complex, consolidating in the US$110-140 range and balancing Russian supply. Petcoke saw a sharp fall on increased supply, leading to a switch to coal as the discount fell to low levels. Both grades are now below US$100 and pushed down by freight. The increased FOB discount is expected to...

Bangladesh posts 101% cement export revenue growth in 3MFY24

Bangladesh posts 101% cement export revenue growth in 3MFY24

10 October 2023, Published under Cement News

Bangladesh has recorded 100.9 per cent YoY growth in cement export revenue to US$4.38m in the first three months (July-September 2023) of FY23-24 from US$2.18m earned in the same months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. A target of US$3.38m for three months was also surpassed ...

Ukraine ready to lift import duty on Moldova

12 October 2023, Published under Cement News

Ukraine is ready to end its anti-dumping duty on cement from Moldova by the end of 2023, according to the Ministry of Economic Development and Digitalisation of Moldova. The announcement comes after a meeting between the co-chairs of the Moldovan-Ukrainian Interdepartmental Commission on International Trade in Odessa. Along with the duty removal, the two countries also agreed to help remove...

Pakistan to expect a mixed trend in dispatches in September

Pakistan to expect a mixed trend in dispatches in September

29 September 2023, Published under Cement News

The cement dispatch trend in Pakistan will likely be mixed in September 2023 due to monsoon rain and transport issues, according to Topline Pakistan Research. However, the All Pakistan Cement Manufacturers Association (APCMA) has yet to release official data to support or contradict this scenario. A mixed trend of dispatches was recorded during the first two months of the current financial ye...

White cement anti-dumping duties issued in South Korea

28 September 2023, Published under Cement News

South Korea is to impose anti-dumping duties on white Portland cement imported from Egypt, said the industry ministry. Following a preliminary examination, the Korea Trade Commission (KTC) recommended  the Ministry of Finance to levy provisional duties of 72.23 per cent on Egyptian white cement imports to protect the local cement industry while it carries out an additional probe. The probe ...

Nova Marine Carriers ship grounds in St Lawrence River

26 September 2023, Published under Cement News

Two tugs have been dispatched from Montreal to assist the NACC Argonaut, a cement carrier that ran aground on Sunday morning on the St Lawrence River near Cornwall in Ontario. Nova Marine Carriers’ 13,977dwt ship is partially laden and was built in 2003. Traffic along the river has been suspended with authorities concerned that the cement carrier has taken on water. The ship has developed a...

EUA stuck in range trading – while UK price hits new low

25 September 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Lack of political news kept the market in a range drifting slightly lower due to lower gas prices, fear of industrial demand destruction as interest rates kept rising, as well as weaker equity markets spilling into traders sentiment. The European Commission has proposed that industrial companies must include emission reduction plans with five...

Pakistan's cement industry saw significant export growth in 2MFY23-24

20 September 2023, Published under Cement News

Pakistan's cement industry saw significant growth in cement exports, both over land to Kabul and further afield by sea during 2MFY23-24 due to the depreciation of the Pakistani rupee and the falling prices of Afghan and local coal. According to AKD Securities Ltd, cement exports are expected to show growth going forward, driven by the viability of export prices, particularly in light of dec...

Petcoke discount falls sharply, energy complex rises driven by oil

20 September 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The fight against inflation is still the focus point for the US Federal Reserve Bank and the European Central Bank, which both raised interest rates by 0.25 per cent in July. This impacted equity markets as the IMF came out with a slower global GDP forecast for 2024, down 0.5 per cent to three per cent. However, new Chinese promises of boost...

Caribbean Cement to boost exports

18 September 2023, Published under Cement News

Caribbean Cement Co Ltd (CCCL) has exported 3400t of cement to the Turks and Caicos Islands, a volume it hopes to ramp up once its expansion plans are completed. The company is currently extending its kiln capacity as part of a US$40m investment plan, boosting production capacity by up to 30 per cent. “As soon as we have available product, available capacity, we will always sell it to Jam...

Pakistani cement likely to get caught up in Torkham border suspension

15 September 2023, Published under Cement News

Pakistan imports/exports in general and incoming/outgoing dispatches of containers/cargo from Pakistani ports to Afghanistan, as a transit trade facility in particular,   have been suspended at the Pakistani-Afghan Torkham border (northwestern Pakistan) for the last week due to tension between Islamabad and Kabul.  As a result, hundreds of trucks carrying essential goods have been stranded ...

Bangladesh posts 79% cement export revenue growth in July and August 2023

11 September 2023, Published under Cement News

Bangladesh has recorded 78.8 per cent YoY growth in cement export revenue to US$2.95m in the first two months of FY23-24 (July-August 2023) from US$1.65m earned in the same months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The target of US$2.26m for two months was also surpassed by 30....

Italy’s cement exports see 28% rise in May

05 September 2023, Published under Cement News

Cement production in Italy increased by four per cent YoY in June 2023, according to the national construction chamber, Federbeton. When compared with the 2015 base index, the output value advanced from 93 in May to 98 in June. However, in the first six months of the year output was down five per cent when compared with the 6M22. However, cement prices increased 11 per cent YoY in June 2023, ...