Cement News tagged: International
Salvadoran cement prices up 4% in August
Cement prices in El Salvador have increased four per cent YoY to US$7.87/42.5kg bag in August 2021 from US$7.57/bag, delivered ex-works. Retail prices rose by 3.6 per cent YoY to US$8.68/bag from US$8.38/bag over the same period.
Bolivia’s cement market sees 26% expansion in June
Cement consumption in Bolivia increased 25.6 per cent YoY to 289,440t in June 2021 from 230,378t in June 2020, according to data from the country’s statistics office, INE. However, when compared with June 2019, when demand reached 330,612t, a 30.3 per cent contraction was reported. Domestic cement production increased 25.5 per cent YoY to 299,517t in June 2021 from 238,640t in June 2020. Howe...
Yousheng Cement reportedly plans Cameroon project
China’s Yousheng Cement is reportedly planning to build a cement plant inside the port of Douala, Cameroon, according to Business in Cameroon. While the capacity was not disclosed, public sittings related to the project’s environmental impact assessment have been planned.
Pakistan cement production rises 27% in 12MFY21
The overall output of the Large-Scale Manufacturing Industries Index (LSMI) in Pakistan increased by 14.9 per cent for July 2020-June 2021 compared to July 2019-June 2020, including local cement production, FBS estimated. Industry attributes the increase in production on the back of a boost in local demand by housing schemes. During the last fiscal year of July 2020-June 2021, Pakistan's ...
Coal rally reaches 2011 highs while petcoke discounts up to 37%
By Brannvoll Aps, Denmark Following on from ICR’s most recent energy report , the coal rally has now reached levels comparable the highs of 2011, leading to more supply distortions. Petcoke FOB contracts are dragged up close to all-time highs with only a few deals available. Discounts for petcoke FOB (USGC 6.5 per cent, 40 HG/API 4) have increased to 37 per cent. However, freight rate...
Vietnam sees 8% drop in July domestic sales
Cement sales in Vietnam in July 2021 declined eight per cent YoY to 4,964,884t and by 19 per cent from 6,095,139t in June 2021, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM sales fell by eight per cent to 1,627,342t when compared with July 2020 and by 22 per cent from 1,853,650t in June 2021, while for its associates, the YoY drop was 25 per cent to 1,037,5...
Pakistan anticipates rise in cement exports to Afghanistan
On 15 August the Taliban took over Kabul and declared their rule over Afghanistan. Taliban spokesperson Zabihullah Mujahid said at his first press conference that the Taliban would continue trading with neighbouring countries and steps would be taken to promote trade. Business people and traders in Pakistan widely welcomed the announcement and the Pakistan stock exchange (PSX) and the country...
Indian cement prices down 4% MoM
At an all-India level, cement prices fell four per cent MoM basis from INR369 (US$4.98)/50kg bag in July to INR356/bag in August, according to Kotak Institutional Equities. Central India was the least hit with a price correction of INR3/ bag in August, while some regions have recorded drops as steep as INR30/bag. "Dealers in large states like Madhya Pradesh and Uttar Pradesh report a stron...
Iraq to see new US$250m cement project
Iraq has reportedly awarded a project to a Spanish company to construct a cement plant at a cost of around US$250m. Iraqi Industry Minister, Manhal Al-Khabbaz, said the plant in the Nineveh Governorate, northern Iraq, would have an initial capacity of 4000-4500tpd, but could be expanded further at a later date, according to Zawya. The project is expected to complete with the next 2.5 years...
Kenya consumption up 27% in 5M21
Cement consumption in Kenya advanced 26.6 per cent YoY to 3.35Mt in the January-May 2021 period when compared with 2.64Mt in the 5M20, according to the Kenya National Bureau of Statistics. The increase was supported by ongoing infrastructure projects such as the Nairobi Expressway and higher activity in the real estate market. Output from domestic producers increased by 27.3 per cent to 3.38...
Iranian cement sales down in July
Iran’s cement market contracted by 30.8 per cent MoM to 4Mt in July 2021 from 5.78Mt in June 2021. Clinker production declined from 6.75Mt in June 2021 to 3.95Mt in July 2021 while cement output decreased to 4.38Mt in July from 6.02Mt in June. In addition to a shrinking domestic market, exports of cement and clinker in July fell to 0.41Mt and 0.3Mt, respectively when compared with the prev...
Turkish cement prices rise 56% in July
Cement prices in Turkey have officially risen by around 56 per cent YoY in July, according to the Turkish Statistical Institute's (TUIK) domestic price index. Elsewhere, Tahir Tellioglu, head of the Turkish Contractors' Federation (IMKON), has reported that cement prices surged to TRY450/t (US$53/t) from TRY160 a year ago. Alongside this, contractors in the country have committed to establ...
New 0.2Mta plant set to be built in Mozambique
A new cement plant is expected to be constructed in the Namacurra district of Mozambique, with around US$15m of Chinese investment. The feasibility of the 200,000tpa unit depends on the environmental impact study. The public consultation of which begins this month, according to Fom Ma Jo Chon, representative of Africa Great Wall Manufacture. The company expects the process to be completed in ...
PCA outlines regional US cement consumption growth trends for 2021-23
The PCA's Market Intelligence team has released its latest US regional cement consumption forecasts from its June 2021 economic update, which did not take into account the possible passing of an Infrastructure Bill. The country's western territory consists of the Rocky Mountains (RM) and the Pacific Region (PR). The RM led the US in cement consumption in 2020 with a growth of 11.5 p...
Peru sees demand up 26% in July 2021
Peru’s cement market grew 26 per cent YoY to 1.135Mt in July 2021, compared with 0.904Mt in the year-ago period, according to the country’s cement association, Asocem. Cement production also advanced 29 per cent to 1.063Mt in July 2021 against 0.821Mt in the same month of 2020. Compared to July 2019, production climbed 24 per cent from 0.858Mt. Cement exports rose 171 per cent YoY to 18,200...
Uzbekistan posts 23% production increase in 1H21
Uzbekistan has reported a 23 per cent YoY increase in Portland cement production to 5.8Mt in the first half of 2021, according to the State Statistics Committee of Uzbekistan. The first four months of the year saw a 26.9 per cent YoY surge in production to 3.583Mt, while production in the 5M21 advanced 24.2 per cent to 4.679Mt. The Tashkent region produced the most significant volume of ce...