Cement News tagged: Trading

Holcim Algeria exports see 7% uplift in 2023

18 January 2024, Published under Cement News

Lafarge Algeria ( Holcim ) exported 3.4Mt of cement and clinker in 2023, up seven per cent from 3.2Mt in 2022. The company achieved an export market share of 30 per cent and increased its export turnover by 17 per cent. A total of 40 per cent of exports were shipped as cement, a threefold increase YoY. In 2024 the company expects to increase cement exports to a 60 per cent share of total e...

Turkish exports to Azerbaijan down 3% in 2023

16 January 2024, Published under Cement News

Turkey’s cement exports to Azerbaijan declined by almost three per cent to US$50.9m in 2023, compared to the previous year, reports Azernews. According to Turkey’s Ministry of Trade, cement exports from Turkey to Azerbaijan advanced by 0.9 per cent to US$5.7m in December 2023, versus the same month in the previous year. Looking at 2023 as a whole, Turkey’s total cement exports were down ...

Al Jouf Cement secures six-month export deal

11 January 2024, Published under Cement News

Jordan-based Rabou’ Al Taybeh Co has agreed to receive clinker exports from Al Jouf Cement Co of Saudi Arabia for a period of six months. The contract’s value stands at SAR30m (US$8m), representing more than 10 per cent of the company’s total revenues, states Mubasher. The Tadawul-listed company highlighted that the agreement will reflect positively on its income statements, starting from...

Pakistan's producers turn to exports

10 January 2024, Published under Cement News

Pakistan's domestic sales for the cement industry during the first half of the current fiscal year (1HFY23-24) have grown by a mere one per cent compared to last year. Ballooning construction costs, of which cement prices have contributed their part, have deterred demand. The recent implementation of the axle road regime has further sent prices hurtling forward as transport costs increas...

Bangladesh outstrips the cement export target in 6MFY23-24

Bangladesh outstrips the cement export target in 6MFY23-24

08 January 2024, Published under Cement News

Bangladesh has recorded 91 per cent YoY growth in cement export revenue to US$8.96m in the first six months (July-December 2023) of FY23-24 from US$4.69m in the same six months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 22.1 per cent YoY rise in cement exports also surpassed the ta...

Indian port modified norms for handling imported limestone

02 January 2024, Published under Cement News

Porbandar Port has made some changes in handling raw materials for cement and other industries. Porbandar is a medium-sized port on India's west coast, in the Saurashtra region of Gujarat state, and is owned and operated by the state-owned Gujarat Maritime Board (GMB).  An interim measure pending issuance of new guidelines, subject to periodic review, has set a minimum limestone cargo disch...

Power Cement exports to the UK

Power Cement exports to the UK

02 January 2024, Published under Cement News

Power Cement of Pakistan has marked a significant milestone. It has successfully entered the European market by exporting its high-quality cement to the United Kingdom. This initiative demonstrates Power Cement’s commitment to global expansion and positions the company as a formidable force in the international construction materials arena and, notably, as the first Pakistani cement exporter...

FOB discounts decrease but ARA discounts up

29 December 2023, Published under Cement News

Coal, along with oil fell to US$100 on 21 December 2023, and OPEC+ introduced new cuts to support oil at US$75-80. However, oil rose due to naval attacks in the Red Sea and trouble in the Suez Canal. Petcoke FOB contracts collapsed as freight rallied making CFR prices expensive.There was also a lack of interest from far destinations. The discount on FOB contracts increased but fell on ARA con...

Carbon testing long-term uptrend support at EUR68 after breaking below EUR80

27 December 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark As reported in ICR’s December 2023 issue the break of EUR80 could mean a larger shift in sentiment and this was clearly proven right. Pressured by lower oil, gas and coal prices, as well as continued subdued industrial demand the December 2023 contract has fallen to the major support around EUR68. In addition, financial players have been seen sw...

US Great Lakes reports increase in cement shipments

27 December 2023, Published under Cement News

The US Great Lakes has reported shipments of more than 1.8Mt of cement in the first nine months of 2023, according to the Ontario-based Chamber of Marine Commerce. This marks an increase of approximately 192,000t on the same period a year earlier. The movement of steel slabs has also risen, up by 93,000t YoY to over 354,000t. Total shipping activity for the US Great Lakes in the 9M23 came in a...

Oil pressures energy complex lower despite OPEC+ cuts while petcoke collapses, offering new high discounts towards coal

22 December 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The energy complex fell in November, with oil leading the way. The Israel-Gaza war continued but still without any contagion – and no war premium. Ukraine-Russia war is frozen literally, and some hints of possible talks are emerging to the upcoming Russian election. The US Federal Reserve and European Central Bank have both hinted in speeche...

Pakistan’s cement and clinker exports increase

22 December 2023, Published under Cement News

Pakistan’s cement industry has registered substantial growth in dispatches of cement and clinker exports in terms of value and quantity during the first five months of FY23-24 (July-November 2023) due to the continued depreciation of the Pakistani rupee against foreign currency and the falling coal prices.   Pakistan’s cement and clinker exports increased by around 48.3 per cent in the 5MFY23...

Coal drops and petcoke-coal discounts fall

20 December 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The price of coal declined after the Israel-Gaza war premium was taken out and oil also moved down. Petcoke saw downward pressure by coal with discounts falling. As a result, discounts on both FOB and ARA contracts are now in the lower part of the neutral range.  Petcoke with 6.5 per cent S is expected to continue in the US$80-95 range with ...

Bangladesh exceeds the cement export target in 5MFY23-24

07 December 2023, Published under Cement News

Bangladesh has recorded 90.2 per cent YoY growth in cement export revenue to US$6.98m in the first five months of FY23-24 (July-November 2023) from US$3.67m in the same five months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 17.7 per cent YoY rise in cement exports also surpassed th...

Decline in Pakistan cement dispatches blamed on axle load regime

05 December 2023, Published under Cement News

Pakistan’s cement industry registered a contraction of 2.12 per cent in dispatches during November 2023, with total cement shipments coming in at 3.924Mt versus 4.009Mt in November 2022. According to a breakdown released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches during November stood at 3.262Mt compared to 3.862Mt in the same month a year earlier, ma...

Cement imports by France tumble 25% in August

04 December 2023, Published under Cement News

August 2023 saw France import 227,000t of cement, marking a 24.9 per cent decline MoM and the second month in a row that imports have contracted following two months of growth. According to IndexBox, the main suppliers were Belgium (68,000t), Spain (42,000t) and Vietnam (24,000t), collectively accounting for 59 per cent of imports in August. They were followed by Luxembourg, Italy, Greece and ...