Cement News tagged: Trading

Gambia raises tax on Senegalese imports

24 January 2019, Published under Cement News

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

23 January 2019, Published under Cement News

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

23 January 2019, Published under Cement News

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

21 January 2019, Published under Cement News

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

Exports help Saudi cement sales rise 7% in December

17 January 2019, Published under Cement News

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

16 January 2019, Published under Cement News

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 expect mixed results for 6MFY19

14 January 2019, Published under Cement News

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...

Iran produces 41Mt of cement in last 9M of 2018

17 January 2019, Published under Cement News

Iran produced 41Mt of cement during the nine months to 21 December 2018, of which 4.8Mt were exported, reports the Iran Cement Association. According to Iran Cement Association Secretary, Abdolreza Sheikhan, domestically-produced cement is currently priced at US$25-30/t in export markets, which indicates that export earnings amounted to US$120-144m for the reported period. "Cement productio...

Tajikistan exports US$65.4m of cement in 2018

14 January 2019, Published under Cement News

Tajikistan exported 1.14Mt of cement in 2018, representing a value of US$65.4m. In 2017 exports stood at 970,100t and had a value of US$49.5m.The country exports cement to Uzbekistan, Afghanistan and Kyrgyzstan. Meanwhile, preliminary work began on the construction of a cement plant in Kubodiyon district, Khatlon – set to become the largest in the country, according to Azer News.

INC awards US$7m petcoke contract

09 January 2019, Published under Cement News

Paraguay's Industria Nacional de Cemento (INC) has awarded the Sanfil GT consortium, represented by Christian Harrison Paleari, the contract for the supply of 24,000t of petcoke at a price of US$299/t. Delivery of the US$7m contract will be in two shipments of 12,000t each with the first shipment due for delivery by 5 February and the second by 15 March. The contract covers four months of pe...

China accounts for 15% of Central American cement imports

09 January 2019, Published under Cement News

In the first half of 2018, Central America’s largest importing country was Nicaragua, which purchased cement from overseas sources to the value of US$28m, followed by Guatemala at US$18m. Smaller volumes were imported by El Salvador (US$12m), Honduras (US$7m), Panama (US$6m) and Costa Rica (US$5m), according to CentralAmericaData. YoY the volume of cement imports in the region advanced by tw...

APCMA cement dispatch data for 6MFY18/19

07 January 2019, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) has released dispatches data for 6MFY18-19, which shows mixed sales. Local dispatches contracted and export swelled during July-Dec 2018. Domestic cement dispatches declined in the first six months of FY18-19 by 1.4 per cent as compared to same period last year, which is the first drop in the last nine years. However, a surge in exports ...

Bolivia to prohibit poor-quality cement imports

03 January 2019, Published under Cement News

The Bolivian government will verify the quality of imported cement as of the start of this year and if found to be insufficient, the consignment will not be allowed to enter the country, according to Eugenio Rojas, the country’s minister of Productive Development. “We now work to prohibit the import of poor-quality cement. The quality is shown by the drying of the product in less than 30 day...

Cement exports sliding for the last five years to Afghanistan

02 January 2019, Published under Cement News

Export of cement from Pakistan to Afghanistan through land routes has started dwindling from the fiscal year 2010-11. During that period it was hovering at 4.715Mt and made Afghanistan a leading importer of Pakistan cement. According to the All Pakistan Cement Manufacturers Association(APCMA), since then, exports have started sliding and reached to 2.439Mt in 2015-16, 1.716Mt in 2016-17 and ...

Jidong renews coal contract with Mechel

20 December 2018, Published under Cement News

Jidong Cement has renewed its coal contract with Mechel, according to the Russian metals and mining company. Mechel will supply Jidong Cement with up to 2Mt of thermal coal mined at the company’s South Yakutia facilities, Elgaugol and Yakutugol Holding Co. Monthly supplies will range between 100,000-150,000t of coal products and prices will be adjusted on a monthly basis following negotiatio...

Rock Hard Cement loses import tariff judgement

19 December 2018, Published under Cement News

The Caribbean Court of Justice (CCJ) has ruled in favour of Trinidad Cement Ltd (TCL) and Arawak Cement Ltd over their dispute with importer Rock Hard Cement to have the tariff remain at 60 per cent for imported hydraulic cement to Barbados, rather than being lowered to five per cent. The court is still to determine the classification guidelines for hydraulic cement that Rock Cement imports f...