Cement News tagged: Trading

BAI calls for regulatory authority to investigate cement price hikes

03 June 2019, Published under Cement News

Mr V Sivarajan, president of the Builders' Association of India (BAI)'s Coimbatore branch, has hit out against recent price rises established by India's cement sector. The retail price of a 50kg bag of cement was INR270 (US$3.88) two months ago but now it is INR400 (US$5.76). "The prices of raw materials, transport or labour did not go up for the cement industry," Mr Sivarajan said. "So there...

Pakistan FY19 may end on mixed results

29 May 2019, Published under Cement News

Pakistani research house Insight Securities forecasts that in FY18-19 (July 2018-June 2019), domestic sales will fall 5.6 per cent to 38.8Mt (-10.2 per cent in the north but a rise of +16.3 per cent in the south). Exports, on the other hand, may grow 39 per cent to 6.6Mt (-21.9 per cent in the north, but +151.4 per cent in the south). Analysts of Insight Securities have also pointed out ...

Bulk carrier detained outside Chittagong port

29 May 2019, Published under Cement News

According to Chittagong Port Authority (CPA), the Egyptian bulk carrier "Wadi Feran" was arrested by orders of the local High Court on 23 May in a litigation case at the outer anchorage of Chittagong port in Bangladesh. No reason was disclosed for the arrest. This is likely to delay unloading of clinker, being imported by a local cement manufacturer. The vessel laden with 50,141t of impo...

Philippines sees 64% increase in cement imports for 1Q19

23 May 2019, Published under Cement News

The domestic cement industry of the Philippines has reported a 64 per cent increase in imports during the first quarter of 2019. Data presented during the first public hearing conducted by the Tariff Commission on the cement import safeguard measure showed total cement imports of 1.74Mt from 1.06Mt in the 1Q18, according to The Manilla Bulletin. Imports reportedly continued to rise despite ...

Bangladesh records a 20% fall in export revenue

Bangladesh records a 20% fall in export revenue

22 May 2019, Published under Cement News

Bangladesh's cement industry has recorded a 20.4 per cent decline in export revenue to US$8.82m during the 10MFY18-19, compared to US$11.08m of the corresponding period of the previous fiscal, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. The export value fell 23 per cent below the US$11.45m target se...

Uzbekistan blocks export of Kyrgyz cement

22 May 2019, Published under Cement News

Uzbekistan blocks export of cement from Kyrgyzstan, MP Azamat Arapbaev said at the meeting of the Kyrgyz parliamentary committee of economic and fiscal policy, according to Central Asia News. Several Kyrgyz cement companies located in the south of the country export some of their output to Uzbekistan. “They can’t supply cement solely to our market, it is small, enterprises will stand idle th...

Bolivia cement imports down 30% in 2019

Bolivia cement imports down 30% in 2019

10 May 2019, Published under Cement News

Cement imports into Bolivia fell by 29.6 per cent YoY in 2018 and continue to decline, according to the Bolivian Institute for Exterior Commerce (IBCE). "In 2017 Bolivia imported 268,404t of cement for a value of US$28.6m dollars, while in 2018 it was reduced to 189,013t for a value of US$20.1m," said the IBCE. In January-February 2019 the country imported 17,423t of cement with a value of ...

Nepali cement producers give mixed reactions to export plans

09 May 2019, Published under Cement News

Cement producers in Nepal have given mixed reactions to the government’s announcement to make cement on of the country’s main export products. While the cement manufacturers welcome the news, it remains to be seen whether exporting cement will be possible, depending on the implementation of the policy. The main challenge for the producers is the cost of production, according to New Business...

Yanbu Cement targets exports

09 May 2019, Published under Cement News

Yanbu Cement is targeting a rise in exports, having exported 997,000t of cement and clinker in 1Q19, approximately 40 per cent of Saudi Arabia's cement and clinker exports. Speaking on domestic demand, Ahmed Zugail, Yanbu Cement's CEO, said: "Demand has not improved in 1Q19. The sector sales dropped nine per cent YoY in the first quarter." Mr Zugail added that the government's mega projects...

Iran’s cement exports to Iraq suspended

08 May 2019, Published under Cement News

Iranian cement exports to Iraq have been suspended, said Hamid Hosseini, secretary general of Iran-Iraq Joint Chamber of Commerce, Trend reports. He said Iran’s exports to Iraq have been suspended for more than a year due to dumping claims. Iranian export companies were not in possession of facts to prove the opposite, he said. “Thus, Iraq has first increased its fees for imported cement fr...

Pakistan cement producers challenge SA import duties

07 May 2019, Published under Cement News

Pakistani cement producers are putting pressure on their government to convince SA to overturn the existing anti-dumping duty on imported cement from that country. In 2018 cement imports into South Africa surged 85 per cent and has exacerbated the effect of weak economic growth, a challenging construction market, domestic overcapacity and increasing competition. South Africa’s  Internation...

Nesher Cement considering Haifa closure

03 May 2019, Published under Cement News

Israeli cement producer is looking at closing its Haifa plant and moving jobs to Turkey, according to Globes. Last year the company dismissed 40 employees and is reportedly considering further lay-offs and reductions in its activity through Israel, including shutting down its Haifa works. The company’s profit declined sharply last year. In addition, the domestic cement industry is expected...

QNCC looks to export 3Mta of clinker to Africa, Asia and Kuwait

29 April 2019, Published under Cement News

Qatar National Cement Co (QNCC) is now looking to export as much as 3Mta of clinker, particularly focussing on markets in Africa, Asia (including India) and Kuwait. "We are looking at Africa, Asia and some of the Gulf countries. We have 3Mt of clinker (for exports)" said Salem Butti Al-Naimi, QNCC chairman and managing director. The announcement comes after the company commissioned its 500...

Cement prices in Pakistan's northern region to advance

26 April 2019, Published under Cement News

According to BMA Capital Management Ltd, cement prices in northern Pakistan are expected to increase by PKR15‐20/bag (US$0.10-US$0.14/bag), effective from 1 May 2019, supported by supply adjustments. An analyst's market assessment suggests that the price jump, if sustained, will be followed by another PKR20‐25/bag increase in a phased manner later in May 2019. The current price range hovers ...

GICA exports 15,000t of clinker to Côte d’Ivoire

26 April 2019, Published under Cement News

GICA has carried out a further shipment of clinker to Côte d’Ivoire, according to Samir Setiti, president and CEO of GICA subsidiary Sodismac. A consignment of 15,000t of clinker, produced in GICA’s Beni Safi (Aïn Témouchent) works, has left the port of Ghaza. Since May 2018 GICA has carried out around 15 export shipments from various Algerian ports. More than 0.5Mt of clinker have been shipp...

Pakistan's seaborne exports grow July 2018-March 2019

23 April 2019, Published under Cement News

Cement exports during the first nine months of July 2018 to March 2019 recorded a YoY growth of 32.8 per cent and 55.4 per cent in terms of value in dollar and quantity, respectively, according to Pakistan's Bureau of Statistics (PBS). The rise in cement exports came on the back of an increase in seaborne clinker and cement exports. However, exports to Afghanistan and India contracted by 17...