Cement News tagged under: Supply-Demand
Indian demand decline slows in May19 June 2020, Published under Cement NewsDespite expectations of a significant decline, Indian cement dispatches are estimated to have only fallen by 15-20 per cent in May, compared with an 80-86 per cent drop in the previous month. The positive development has been attributed to pent-up retail demand and the resumption of some construction projects. Cement prices have also been reported to increase by 0.8 per cent MoM in June, according to IDBI Capital Markets & Securities. However, the prices may begin to dip in the coming mont... |
Indian prices expected to rise as demand falls20 May 2020, Published under Cement NewsIndian cement prices are expected to rise by INR15-20/bag (US$0.19-0.26) due to supply constraints, despite dealers across the country expecting demand to fall by 30 per cent on the back of stalled construction projects, reports analytics agency Crisil. However, over the medium term, the price hike is expected to be rolled back due to the low demand and rising competition. The delay in construction work is expected to be anywhere between 4-6 months, depending on the lockdown outcomes. ... |
Kenya's cement consumption recovers in January29 April 2020, Published under Cement NewsKenyan cement consumption reached a 17-month-high in January 2020, according to the Kenya National Bureau of Statistics (KNBS). Demand hit 528,904t during the month and marked the second straight month of recovery. The last time consumption was above this level was in August 2018 at 531,119t. The recovery is expected to relieve pressure on cement producers in the country which has seen new capacity come onstream despite declining demand. Bamburi Cement’s Managing Director, Seddiq Hassa... |
Georgia's building materials companies continue production09 April 2020, Published under Cement NewsGeorgia’s government has published a list of industries that can continue to work in compliance with epidemiological safety rules, with construction companies and building material manufacturers included in the list, reports Trend News. According to the decision, infrastructure projects will continue throughout the country. Paata Nikvashvili, director of Magnum Group, says the company's main task is to provide infrastructure and construction projects with cement. "From the beginning o... |
Indian cement demand could fall 20-25% in FY2108 April 2020, Published under Cement NewsIndian cement demand is expected to fall by 20-25 per cent in the current fiscal year (FY20-21) if the COVID-19 pandemic is not contained by May and construction activities only begin in the second quarter, said analytics agency Crisil. However, assuming the lockdown and other social distancing measures continue until the end of April and construction activity resumes in mid-May, the agency stated that the fall in demand could be 10-15 per cent. Capacity utilisation rates are also expected... |
Pakistan's producers see daily offtake fall01 April 2020, Published under Cement NewsCement factories located in Sindh province, Pakistan, have seen their total dispatches decline to 3500tpd from 20,000-22,000tpd before the coronavirus outbreak. Likewise, cement manufacturing plants in the north of the country registered an almost 75 per cent decrease in dispatches. Daily average cement offtake fell to 30,000-35,000tpd from 135,000-140,000tpd. Elsewhere, exports slipped 93 per cent to an average of 1,000-1,500tpd from 20,000-22,000tpd. Industry officials have said c... |
Uzbekistan sees production fall 13% YoY in February26 March 2020, Published under Cement NewsUzbekistan’s Portland cement production fell 13 per cent YoY to 551,200t in February 2020, according to the country’s State Statistics Committee. In the first two months of the year, production was down 19.5 per cent to 1.02Mt when compared to the same period last year. The production of Portland cement in 2019 increased 15.9 per cent YoY to 9.68Mt, while imports declined by 6.8 per cent to 3.27Mt. |
Indonesia: sluggish local demand in February as export conditions to China deteriorate20 March 2020, Published under Cement NewsThe Indonesian Cement Association (ASI) noted the rate of YoY decline in national cement consumption has slowed to -0.1 per cent in February from January's position, which was -7.5 per cent. In addition, export volumes, which had surged 40 per cent in January, dropped by 27.9 per cent to 440,000t in February. "It is unfortunate that our cement and clinker exports, which we hope can improve the performance of the cement industry, are constrained by the presence of a corona [virus], resulti... |
Oman announces measures to ensure cement supply18 March 2020, Published under Cement NewsOman's Ministry of Commerce and Industry (MOCI) has announced measures to ensure there will be no shortage of cement in the market. "The Ministry will coordinate with Omani cement companies to ensure supply in all governorates and look at an increase in operational capacity to cover shortages, if any," said a notice on social media. The MOCI will also make clearances for imported shipments directly from various outlets. The Ministry confirmed that it had not stopped importing cement pr... |
Turkey sees 30% decline in cement sales for the 11M1911 February 2020, Published under Cement NewsTurkey’s cement sales fell 30 per cent YoY in the first 11 months of 2019, according to the Turkish Cement Manufacturers’ Association (TÇMB). The result has been linked to a slowdown in the housing market, with sales declining seven per cent YoY to 1.15m units in the 11M19. Cement production increased 2.8 per cent YoY in November 2019 to 5.3Mt, with house sales also advancing 54 per cent YoY during the same period. |