Cement News tagged under: Supply & Demand
The pull towards Tanzania11 May 2021, Published under Cement NewsDespite a slight contraction in 2020, Tanzania’s cement consumption is estimated to remain stable or increase going forward owing to promising market fundamentals. However, overcapacity remains an issue and producers are having to become innovative to retain market share and margins. A major new addition is also waiting in the wings. By Lisa Kimathi, Standard Investment Bank, Kenya. Infrastructure development is one of the driving forces for the realisation of Tanzania’s Vision 2025 ... |
Argentina's cement market shows 135% YoY growth07 May 2021, Published under Cement NewsCement demand in Argentina surged 134.6 per cent YoY to 956,373t in April 2021, according to the country’s cement association, AFCP. However, this does compare to the low base of April 2020, which was considered the worst month of 2020, and is down 2.8 per cent from last month’s results. The country’s demand of 948,830t was entirely met by domestic production, while 7543t were exported. April’s result also marks eight consecutive months of growth in cement consumption. Over the first four... |
US Portland and blended cement shipments fall 11% in February05 May 2021, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico in February 2021 fell by 11 per cent YoY to an estimated 5.7Mt, according to the latest data from the US Geological Survey (USGS). Shipments for the year through February totalled an estimated 12.4Mt, down 6.2 per cent from those in the year-ago period. The leading producing states in February 2021 were, in descending order, California, Texas, Florida, Missouri and Alabama. The leading cement-cons... |
Republic Cement expects domestic demand recovery04 May 2021, Published under Cement NewsRepublic Cement of the Philippines has said the domestic cement industry is on course to return to pre-pandemic levels this year as home builders support sales, amid lower demand from the infrastructure and non-residential sectors. In the first quarter of this year the company's income amounted to PHP334m (US$6.95m), 446 per cent higher YoY, due to a rise in sales volume arising from new cement capacities in Bulacan and Iligan, alongside reduced costs and increased overall efficiency. "W... |
Malaysia: budget for the future20 April 2021, Published under Cement NewsMalaysia’s cement market has seen consumption slow in recent years due to political uncertainty and a mature residential market. Although COVID-19 stifled output in the 1H20, a new government and the largest budget in history for 2021 is providing much-needed hope for a rebound in cement demand and production. Malaysia’s construction sector pins its hopes on the 12th Malaysia Plan to revive infrastructure construction post COVID-19 Following growth of 4.8 and 4.3 per cent in ... |
PCA releases Spring Forecast for US demand12 April 2021, Published under Cement NewsUSA-based Portland Cement Association (PCA) has recently presented its annual Spring Cement Consumption Forecast, predicting an increase in cement consumption for 2021 and 2022 in the country. "Remarkably, US cement consumption recorded two per cent growth during 2020. It is remarkable because COVID-19 exerted a terrible toll on the economy. Consumers bunkered down; states enacted rigid lockdowns. Real GDP declined to a rate not matched since 1946 as the economy transitioned from war time... |
Pakistan sees 44% rise in demand for March06 April 2021, Published under Cement NewsPakistan’s cement sector posted its highest-ever monthly growth of 44.4 per cent YoY for March 2021, rising to 5.773Mt from 3.722Mt in the year-ago period on the back of an increase in domestic consumption and exports. The All Pakistan Cement Manufacturers Association reported a 42 per cent increase in local cement dispatches to 4.563Mt, compared to 3.214Mt in March 2020. Exports also advanced 60 per cent YoY from 507,480t to 810,962t. During the 9MFY20-21, total cement dispatches clim... |
Russia on the rebound?05 April 2021, Published under Cement NewsAfter returning to growth in 2019, Russian cement consumption stalled in 2020 due to the impact of the COVID-19 pandemic. Construction output stagnated during the year, but government programmes are expected to stimulate recovery and help cement consumption growth rebound, thus paving the way for cautious optimism in 2021. By Alexey Semenov, GS-Expert, Russia. Support measures announced by the Russian government have become stimuli for the domestic economy, construction industry an... |
Caribbean Cement looks to capitalise on growing demand26 March 2021, Published under Cement NewsJamaica’s Caribbean Cement Co is looking to maximise its production capacity as it prepares to satisfy the increase in domestic demand, according to the Jamaica Observer. "Our current capacity is increasing every year — last year we were able to produce close to 1Mt of cement and this year we are going to exceed that as our plant has a capacity of 1.4Mta," said Yago Castro, general manager. He also noted that preparations were being made to capitalise on an additional 25-30 per cent of pr... |
Central Asia market dynamics23 March 2021, Published under Cement NewsThe central Asian cement markets of the Kyrgyz Republic and Uzbekistan held firm in 2020 despite disruptions caused by the COVID-19 pandemic. GS-Expert discusses the dynamics of both markets, including production levels, trading trends, price developments, fixed asset investments and new capacity additions. By GS-Expert LLC, Russia. The cement sector in Uzbekistan is one of the most dynamic in central Asia In 2020 cement consumption in the Kyrgyz Republic steadily increased with... |