Cement News tagged: Trading
Coronavirus likely to affect Pakistani cement exports to Afghanistan
Pakistan's export of cement to Afghanistan through land routes will be affected from today following Islamabad's decision to close the borders with Kabul as preventive measures to curb the spread of coronavirus. According to an official statement, Prime Minister Imran Khan while chairing the National Security Committee meeting on 13 March, had especially requested to review the current sta...
Cement vessel sinks off Oaxaca coast
A general cargo ship by the name of Duban, loaded with some 1500t of cement, sank 13nm off of the coast of Oaxaca, southern Mexican state on Pacific coast, in the afternoon of 12 March, while en route to Manzanillo. A crew of 12 crew had to be rescued. The engine room was flooded and the ship was sinking on even keel. Witnesses report that the ship was already proceeding at reduced speed sev...
Cement exports from Bangladesh continue to slide in 8MFY19-20
Bangladesh's cement industry has earned an export revenue of US$7.19m in the 8MFY19-20 (July 2019-February 2020), compared to US$7.27m earned in 8MFY18-19, a minor contraction of 1.1 per cent YoY. The export figure also includes a small amount of salt, stone and related products, according to the data of Bangladesh Export Promotion Bureau (EPB). However, the export value for cement increased ...
Masaveu doubles US exports in 2019
Masaveu has doubled its export shipments to the USA from its Tudela Veguín plant in Spain in 2019. The US is now the third-largest market for the cement producer, representing an export volume of 118,673t in 2019, compared to 50,061t in the previous year. The exports to the US account for 18.3 per cent of the company’s total exports. To improve its export operations the company inaugurated a...
Turkmenistan exports 0.256Mt in 2019
Turkmenistan’s Lebap cement plant in Koytendag district exported 256,000t, or nearly 30 per cent of its production, in 2019. The majority of exports were M400 and M500 cement shipments, which were delivered to Uzbekistan and Afghanistan. The plant is one of the largest in central Asia and its production capacity of 1Mta could be extended to 1.5Mta. There are also plans to build a further, s...
Pakistan sees mixed export revenue trend in 7MFY19-20
Pakistan's exports increased in volume terms over the first seven months of FY19-20, but declined in value terms. Meanwhile, in January 2020 exports increased both in terms of volume and value on a MoM basis. The country's cement sector earned US$170.13m by exporting 4.484Mt of cement and clinker between July 2019 - January 2020, compared to US$184.34m from 4.334Mt of exports in the compar...
Carthage Cement to start exports to Europe
Following the award of a CE mark, Tunisia-based Carthage Cement will start exports to Europe from March 2020 onward, reports ilBoursa. The first shipment will consist of 150,000t of cement. “This operation marks a new horizon and a new opportunity for the company as part of its drive to diversify the destinations of its products and its commercial fulfilment,” said the company in a statement.
Cement exports from Bangladesh slide in 7MFY19-20
Bangladesh's cement industry has earned an export revenue of US$6.11m in the 7MFY19-20 (July 2019-January 2020), compared to US$6.55m earned in 7MFY18-19, a contraction of 6.7 per cent YoY. The export figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB). However, the export value for cement increased by 0.5 per cent ab...
Cement prices receding in Pakistan
Cement prices in the northern region of Pakistan are starting to soften on account of various reasons observed the local research house Intermarket Securities Ltd. Cement prices in the northern region have declined from its recent peak of PKR535/bag (US$3.46) (December 2019) to below PKR450/bag in some markets. The main reason behind this slide is reduced demand in the winter season while ne...
Economic activity is strengthening in Pakistan
Pakistan State Bank has stated that data of 1HFY20 for large scale manufacturing (LSM) indicates that economic activity is strengthening in export-oriented and import-competing industries, including gains in cement, while inward-oriented industries continue to slow. This was shared at a central bank meeting on 28 January 2020, when the Monetary Policy Committee (MPC) decided to keep the pol...
Amouda Ciment exports 3200t to Niger
In 2019 Algeria-based Amouda Ciment’s El Beida cement plant exported more than 3200t of cement to Niger, according to El Watan. The company’s first export shipment was carried out in August, when it supplied 1400t to Niger and was followed by two deliveries of 400t each in October and November. A further 1000t was exported in December. With a total value of US$340,000, the dispatches were ...
FDI falls QoQ in Bangladesh
Bangladesh received gross foreign direct investment (FDI) of US$716.48m during the 3Q19 for the cement, textile, power, telecommunication, banking, foods, construction, trading, gas and petroleum, leather, chemicals, fertiliser, IT industry and other sectors, according to data released by Central Bank of Bangladesh. The country had received US$973.28m in previous quarter of April-June 2019 ...
Egypt's cement sector is relying more heavily on coal
Egypt saw thermal coal imports rise by 31 per cent to 6.32Mt in 2019, according to official data from the port of Alexandria, driven by strong demand from the cement sector. Most coal was imported from the US. The latest data confirm a two-year growth period in thermal coal imports. In 2018 they spiked by 174 per cent to 4.81Mt from 1.75Mt in 2017. The country’s largest importer of thermal ...
Indonesian export sales up 12% in 2019
Indonesia’s cement producers saw export sales drop 38.1 per cent in December 2019 to 321,966t when compared with 519,684t in December 2018, reports Semen Indonesia Group. Clinker exports were particularly affected, noting a 46.6 per cent fall to 204,227t from 382,237t the previous year. Cement exports were down 14.3 per cent YoY to 117,739t from 137,447t. Full-year 2019 However, exports for ...
Pakistan dispatches higher volume but earned lesser in 1HFY20
Pakistan cement industry's increased its overseas dispatches but saw value contract in 1HFY19-20. Therefore, the industry's foreign exchange revenues fell by US$11.74m in the first six months when compared with the previous-year's first half. The country's cement sector received US$145.26m by exporting 3.766Mt of cement and clinker between July and December 2019, compared to US$157m from ex...
Algerian cement exports increase 239% in 11M19
The value of Algerian cement and clinker exports has surged 239.2 per cent to US$59.24m in the 11M19, compared with US$17.47m in the year-ago period, according to the Customs’ Surveys and Prospects Department (DEPD). Saïd Djellab, former trade minister, had said in November that cement export revenues were expected to reach US$60m in late 2019, however, these figures are now expected to req...