Cement News tagged: Trading
Pakistan exports of cement to India expected to fall
Pakistan cement exports to India are likely to be affected following the Indian government's announcement to scrap the 'Most-Favoured Nation' status to Pakistan, after an attack on Indian forces in Pulwama , Jammu and Kashmir, India, recently. According to Al Habib Capital Markets, Pakistan's cement exports are expected to suffer most due to this unwanted tension between India and Pakistan...
FyM to invest EUR2.5m in Malaga export hub
Financiera y Minera (FyM) will invest EUR2.5m in a 4900m 2 site in the Port of Malaga to be used as a clinker and cement export hub. It intends to use pier 7 to ship clinker. Conditions for a public tender were also approved to award the occupation and exploitation of two vertical silos on piers six and seven, destined for the reception, storage and distribution of liquid bulks.
Algeria exports first shipment to Niger
Algeria’s first exports to Niger were carried out on 9 February by El-Hamel Sidi Moussa’s cement plant in Timegtène, 270km east of Adrar. The cement works shipped 2000t. Going forward, exports from Timegtène are planned at a rate of 8000tpm, using trucks of Logitrans. "The group's services have mobilised significant human and material resources, including 50 trucks, to regularly deliver th...
Experts list reasons for Pakistan's cement slowdown in 7MFY19
The Pakistan cement industry recorded a negative growth on domestic dispatches during the month of January 2019. As per APCMA data, local cement sales for the month came in at 3.1Mt, down a sharp 18 per cent YoY. According to Intermarket Securities, the slowdown in local cement dispatches has been in place since elections and appears to be gathering pace. This could be attributable to lower...
APCMA releases dispatch data for January and 7MFY19
The Pakistan cement sector posted a double-digit decline of 10.7 per cent in the month of January compared with corresponding month last year, raising alarm bells among producers with a large production capacity, reports the All Pakistan Cement Manufacturers Association (APCMA). The cement industry dispatched 3.646Mt in January 2019 against 4.083Mt in January 2018, says APCMA. The buoyancy...
Tasman Sea to complete clinker offloading at Suva
Bulk carrier Tasman Sea is expected to complete the offloading of 11,880t of clinker at Suva Port, Fiji, today, according to the Fiji Sun. The clinker has been exported from Japan, which became a clinker importer into Fiji a year ago. The ship finished discharging 15,000t of clinker for the Tengy Cement Factory in Lautoka last week. The plant receives a clinker shipment every quarter.
Clinker damaged on route to Meghnaghat plant
The MV Haji Abdul Jalil, a vessel carrying 850t of clinker, has anchored near Chandpur Launch Terminal after a crack developed on its keel on the Meghna river. Most of the cement clinker has been damaged, reports Mohammad Asad who is in charge of the vessel. The MV Haji Abdul Jalil had to anchor near the terminal on its journey from Holudiya in India. The ship was originally heading for Nara...
Kazakhstan becomes net exporter of cement
Kazakhstan became a net exporter of cement in 2018. During 9M18, domestic cement producers exported more than 1.4Mt of cement with a total value of US$71.5m, almost doubling the export volume of 2017. Imports remained at the previous year’s level of 717,000t, supplied at a total value of US$38.8m. Imports have always exceeded exports by several times, reaching a record US$150m in the pre-cri...
Safeguard measures placed against imports into Philippines
The Philippine’s Department of Trade and Industry (DTI) has begun preliminary safeguard measures against cement imports from Vietnam amongst other countries. As such, the DTI applied duties of PHP8.40 (US$0.16)/40kg bag or PHP210/t (US$4/t). The safeguard measures will be in place for 200 days from 18 January 2019. Vietnam was the biggest importer of cement into the Philippines between 2014...
Gambia raises tax on Senegalese imports
Gambia has imposed a new import tax regulation on cement being imported from Senegal that has exacerbated the shortage of cement and increased prices in the country. Both the Commissioner General of GRA, Yankuba Darboe, and the Permanent Secretary at the Ministry of Finance, Mod Secka, confirmed that a cabinet decision was reached on the increment of excise duty on cement, imported from neig...
Fiji receives clinker imports from Japan
The Tasman Sea, a bulk carrier registered under a Hong Kong flag, docked at Lautoka Port to off-load clinker for the Tengy Cement Factory in Naikabula and is expected to arrive in Suva next week for its factory in Veisari, Lami. Fiji has been experiencing a shortage of cement and the delivery will help increase production. This is the second delivery that the Tasman Sea has made to Fij...
Pakistan cement exported 0.625Mt of cement in December 2018
Pakistan's cement industry received foreign exchange revenue of US$25.89m by exporting 624,714t of cement during the month of December 2018, compared to US$26.77m at 635,192t in the previous month. This shows a fall of 3.3 per cent and 1.7 per cent in terms of value and quantity, respectively, according to the Federal Bureau of Statistics. However, if compared to December 2017 (293,890t at U...
Bangladesh's cement export revenue continues to decline 6MFY19
Bangladesh's cement industry recorded a fall of 6.7 per cent in export revenue to US$5.75m during the first six months of FY18-19 (July-December 2018) compared to US$6.16m, earned in the same months last year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. Bangladesh's government has set an export targ...
Exports help Saudi cement sales rise 7% in December
Cement and clinker sales in Saudi Arabia rose 7.2 per cent YoY to 4.37Mt (including exports) in December 2018 compared to 4.08Mt in the previous year, reports Aljazira Capital. Clinker inventory increased 18.8 per cent YoY and 0.8 per cent MoM to 42.34Mt last month, but cement dispatches were down 10 per cent YoY. The plant utilisation rate in the Saudi cement sector fell to 54.1 per cent ...
INSEE Cement starts shipments into Hambantota International Port
Hambantota International Port has begun taking cement industry shipments in Sri Lanka, extending its bulk handling capabilities. INSEE Cement became the first cement producer to use the facilities at the port by unloading the Ithaca Patience, which discharged 27,150t of slag cargo. "The advantage of bringing in bigger ships provides economy of scale, and the efficiency with high productivity ...
Pakistan cement companies expect mixed results for 6MFY19
Pakistan cement companies are scheduled to announce their financial results for the second quarter and six months of FY18-19 in coming months. Top cement companies are expected to post a growth of over two per cent QoQ, or 37 per cent YoY decline for 1HFY19. According to a research report of IGI Finex Securities Ltd, based on provisional numbers, volumetric sales depict a modest four per cen...