Cement News tagged under: exports
Pakistan's cement dispatches pick momentum in August 202307 September 2023, Published under Cement NewsPakistani cement dispatches saw encouraging figures in domestic and overseas markets in August 2023. Usama Rauf, the investment analyst at AKD Securities, stated that cement sales witnessed a significant surge, increasing by 41 per cent and 37 per cent MoM and YoY, respectively, reaching 4.52Mt. This notable increase is primarily attributed to the low base effect, mainly due to the impact of the monsoon season on construction activities. Additionally, the same period last year was heavily im... |
Italy’s cement exports see 28% rise in May05 September 2023, Published under Cement NewsCement 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, following a 13 per cent YoY rise in May 2023. Compared with the 2015 base index, prices slipped from... |
Minister visits Sigus cement and calls for more competitive cement pricing05 September 2023, Published under Cement NewsSigus Cement ( GICA Group ) recently welcomed the inspection field visit of the Minister of Industry and Pharmaceutical Production, Ali Aoun, to the wilaya of Umm Al-Bawaqi, Algeria. Mr Aoun called for improving the competitiveness of cement prices when selling to contribute to the completion of major technical projects in the country, in addition to intensifying efforts aimed at developing the export of cement, where he stressed the support of the public authorities. He inspected t... |
Nepal exports of US$2m of clinker and cement in 1MFY23-2425 August 2023, Published under Cement NewsNepal exported cement and clinker with a total value of NPR234.98m (US$1.78m) in the first month of the current fiscal year, FY23-24. The country exported 9573t of cement with a value of NPR70.5m and 25,742t of clinker with a value of NPR164.4m in the 1MFY23-24. Cement and clinker exports have increased significantly since last year due to the government introducing an eight per cent cash subsidy on the export of cement and steel, according to cement producers. It also waives 2-15 per ce... |
Indonesian cement market contracts 5% in 1H2324 August 2023, Published under Cement NewsCement sales in Indonesia totalled 28.052Mt in the first six months of 2023, down 4.8 per cent from 29.417Mt in the 6M22. Java, the country’s largest market, saw sales decline by 6.8 per cent YoY to 14.571Mt as sales in Jateng fell by 17.1 per cent. In Sumatra, sales decreased by 3.4 per cent to 6.094Mt in the 6M23 from 6.307Mt in the year-ago period. The 21.2 per cent sales increase in Riau, 6.1 per cent increase in Jambi and 2.2 per cent uptick in Sumut were unable to offset decreased ... |
Iran's cement market expands by 32% in July23 August 2023, Published under Cement NewsIranian cement consumption increased by 32.2 per cent to 7.09Mt in July 2023 when compared with July 2022, according to the Iranian Cement Association. Domestic cement production edged up by 3.9 per cent YoY to 5.82Mt while clinker output increased by 11.5 per cent YoY to 5.84Mt in July 2023. Iran’s cement producers exported 0.427Mt of cement, up 25.6 per cent YoY, and 0.87Mt of clinker, up 7.4 per cent YoY in July 2023. As a result, total exports increased by 12.8 per cent YoY to 1.297M... |
A 24% fall in Pakistan cement exports in July 202322 August 2023, Published under Cement NewsPakistan began the FY23-24 (July 2023-June 2024) by registering lower cement and clinker exports in value and volume terms, with sea exports declining. While reviewing the monthly trends between the southern and northern regions, Usama Rauf, an investment analyst at AKD Securities, observes that exports have fallen in the south, primarily due to coal procurement challenges. This has led companies in this region to focus on the local market. The higher local retention prices have further ince... |
Vietnam's producers struggle for profitability18 August 2023, Published under Cement NewsSoutheast Asia is becoming a difficult market for cement producers to make a profit. Surging production costs, sluggish consumption, and reduced prospects at home and abroad stifled any chance of high margins in the 1H23. Meanwhile, export markets are becoming more restricted. On top of China's reduction of imports, Australia has started to review the possibility of a cross-border adjustment mechanism (CBAM) implementation following Europe's lead to protect against carbon leakage. Domest... |
Vietnamese market contracts by 18% in July18 August 2023, Published under Cement NewsCement sales in Vietnam declined by 18 per cent to 4,655,526t in July 2023 when compared with July 2022, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM sales fell by 18 per cent to 1,437,107t while other VNCA members sold a combined 968,419t, down 24 per cent YoY. Non-members saw sales drop by 16 per cent YoY to 2,250,000t. Total exports advanced by 26 per cent YoY to 2,790,355t in July 2023. Cement exports were up 23 per cent YoY in the period with non-V... |
Pakistan's cement industry’s mixed financial results await at PSX18 August 2023, Published under Cement NewsCement producers have started posting their financial results on the Pakistan Stock Exchange (PSX) for 4QFY22-23 and the full year of 2023. Mixed results are expected, yet Spectrum Research has stated that higher financial costs and super tax reduce profitability. It adds sluggish economic activities, leading to a decline in the country’s construction materials demand, mainly cement and steel. The higher inflation and low purchasing power also contributed to a reduction in cement dispa... |