Cement News tagged: Trading
Pakistan’s manufacturing costs rise
Coal FOB prices have increased from US$68/t in September 2020 to over US$210/t during September 2021, says the All Pakistan Manufacturing Cement Manufacturers Association (APCMA). Ocean freight from South Africa to Karachi has also increased from US$11/t in September 2020 to US$30/t in September 2021. Pakistani rupee parity to the US dollar has increased from PAK165 to over PAK171/US$ durin...
Pakistan's local and overseas cement dispatches drop during September
Pakistan's local and export dispatches during September 2021 remained depressed, reports All Pakistan Cement Manufacturers Association (APCMA). Domestic dispatches stood at 4.018Mt and exports reached 0.572Mt compared to 4.095Mt and 1.131Mt in September 2020, respectively. This defines a YoY eduction of 1.9 per cent and 49.5 per cent on local and overseas markets, respectively. At the same tim...
Algeria’s SSCB exported 25,000t of cement in 9M21
Société Saoura Ciment de Béchar (SSCB), part of Algeria-based GICA, exported 25,000t of cement to African countries such as Mali, Niger and Mauritania since the start of the year. Mauritania has accounted for 60 per cent of SSCB’s exports. The shipments are example of the shift in cement trading following the government’s extensive investment in production capacity, turning Algeria from a n...
Lafarge Mauritius and Kolos reduce cement price
After Mauritius-based cement importer Kolos Cement Ltd dropped its retail price for Eco Plus cement from MUR143.84/bag (US$3.37/bag) to MUR135.84, Lafarge Mauritius has announced a decrease in the retail price of two of its products from 1 October 2021. Baobab 6, a 22.5-grade cement, will see its retail price reduced from MUR142.40 to MUR134.60 while Baobab Mazik, a 32.5-grade cement, will b...
Coal rally continues amid high European gas prices
Since ICR’s most recent energy report , the coal rally continues, driven by high prices for gas and CO2 allowances in Europe. Coal prices for the 4Q22 are currently at US$163/t for API2 and US$159/t for API4 coal.CO2 allowances for December 2021 were valued at EUR60.00. Meanwhile, the price of Brent oil stood at US$75.25/barrel. With the supply of petcoke down after hurricanes, the petcoke ...
Iran’s Mercantile Exchange sets up separate cement trade hall
The Iran Mercantile Exchange (IME) will set up a separate hall for cement trades from 25 September 2021, according to IME’s director for market operation. Following the announcement of the Ministry of Industry, Mining and Trade on banning the purchase and supply of cement outside the commodity exchange and determining the time for the presence of buyers and sellers of cement in the commodity...
Fancesa increases clinker sales to Chile
Bolivia-based Fancesa will be delivering an 8000t clinker shipment to Chile, following the 1000t cargo to CBB in the neighbouring state last month, according to Correo del Sur. The company is currently carrying out a study into the sale of clinker and has requested collaboration from the local transport sector, according to Amael España, the company’s legal receiver. “I'm sure the carriers w...
Coal rallies to 2009 highs – increased demand for petcoke as discounts widening – oil stable
By Frank O. Brannvoll, Brannvoll ApS, Denmark The euro tested the lower range but remains bound between US$1.17-1.20. Focus on signs of change in the Fed or ECB’s interest policies. Table 1: Prices at a glance Crude oil (US$/bbl) 72.50 Coal API2 – 4Q21 (US$) 163.00 API2 – Cal 2022 (US$) 124....
The increasing trend in coal prices may hit Pakistan’s cement industry
Pakistan’s top cement manufacturers termed the growing trend in coal prices detrimental to the county's cement industry. Its negative impact may dent the cement companies' profitability in the second quarter of this year if remedial measures such as an increase in prices of cement bags and relief in other inputs costs are not allowed or eased immediately. The coal prices are hovering a...
Coal handling capacity to increase at Port Qasim
To coincide with the pace of growth in the cement industry, Pakistan International Bulk Terminal (PIBT) has announced it plans to increase its coal-handling capacity at Port Qasim in Pakistan at a ‘marginal cost’ of up to US$70m over 2-3 years. The increase in demand for imported coal is primarily attributed to economic recovery driven by the relief measures taken by the Government of Pakistan...
Al Jouf Cement extends SAR40m cement supply contract
Al Jouf Cement Co extended has its cement supply agreement with Soliman bin Saleh Almohileb and his Sons Holding Co with a value of SAR40m (US$10.66m), according to a bourse filing. The new contract will run until 30 April 2022 and follows a SAR60m deal made on 21 December 2020, with Soliman bin Saleh Almohileb and his Sons Holding Co, Argaam reported. Based in Al-Jaef, Saudi Ara...
Pakistan’s local cement dispatches rise, exports decline in 2MFY22
All Pakistan Cement Manufacturers Association (APCMA) released dispatch figures for August 2021 with a positive note that the cement sector posted growth of 22.8 per cent in August 2021 by dispatching 4.336Mt when compared with 3.531Mt during the same month of the previous fiscal year. Out of this total, local dispatches increased to 3.814Mt from 2.805Mt, up 36 per cent. However, exports cont...
Fears Ghana's cement price will climb above GHS60/bag
Ghana's cement price is likely to continue rising and could surpass GHS60/bag (US$9.94) by the end of the year if some taxes and levies are not scrapped, say cement producers. In the last seven months cement prices in the country have risen three times, amounting to a 27 per cent rise and pushing retail prices to GHS50/bag.Manufacturers have had no choice but to absorb a lot of the costs to...
Pakistan cement exports have a subdued July
Pakistan began export of cement and clinker in the first month of new fiscal (July 2021) with lower value and quantities, MoM and YoY. All Pakistan Cement Manufacturers Association (APCMA) attributes the declining trend in local and export dispatches to monsoon rains and the stoppage of construction activities due to Eid-ul-Azha across the country. According to the Federal Bureau of Sta...
CeMAP records rising cement imports from Vietnam
The Cement Manufacturers Association of the Philippines, (CeMAP) Inc said Vietnam's cement exports to the Philippines rose 17 per cent YoY to 2.51Mt in the first four months of 2021, making the Philippines the second-largest destination for Vietnam exporters. "With a huge surplus and lower domestic demand, we will likely see a more aggressive effort from Vietnam exporters to flood the Phili...
Vietnamese exports slip 2% in July
Total cement and clinker exports from Vietnam declined two per cent YoY in July 2021, according to the Vietnam National Cement Association (VNCA). The country’s cement producers supplied 3,202,346t of cementitious product to customers beyond its borders. However, when compared with June 2021, exports were up by 15 per cent. Of the total, 1,944,217t were clinker exports, down 41 per cent YoY ...