Cement News tagged: Trading

Pakistan cement exports continue to disappoint

25 May 2017, Published under Cement News

Pakistan exported 225,778t cement in April on revenues of US$13.49m, down 25.28 and 18.54 per cent, respectively compared to the previous month. Compared to April 2016, export volumes were down by 49.65 per cent from 507,958t and revenues fell by 49.65 per cent (US$26.31m) a year earlier, data from Pakistan's Federal Bureau of Statistics shows. In the first 10 months of FY16-17, the country ...

Vietnam April exports up 6.7%

19 May 2017, Published under Cement News

Vietnam exported more than 1.9Mt of cement and clinker, reflecting an export value of US$67.4m, according to the country’s Customs Department. This represents a YoY increase of 6.7 and 7.6 per cent, respectively. In the first four months of the year, the country exported 6.7Mt of cement and clinker, up 12.8 per cent YoY. In terms of value a 7.9 per cent rise to US$235m was reported. Banglade...

Hail Cement obtains cement export licence

18 May 2017, Published under Cement News

Hail Cement Company has obtained a cement export licence from the Saudi Ministry of Commerce and Investment. The licence will be valid for one year from the date of approval on 14 May, according to a bourse filing on Tuesday. The company does not expect neither a financial impact from the licence on its results nor a positive impact for exporting cement due to high export fees.

No sign of Pakistan cement export recovery

28 April 2017, Published under Cement News

Pakistan recorded export volumes of 204,159t cement in March 2017 on revenues of US$11.38m, representing a MoM decline of 11.77 and 7.04 per cent, respectively.  On an annual comparative basis, the declines were much steeper with volumes down 65.03 per cent and revenues falling 59.86 per cent, according to the country's Federal Bureau of Statistics.               In the first nine mon...

Côte d’Ivoire imports 150,000t of cement

Côte d’Ivoire imports 150,000t of cement

25 April 2017, Published under Cement News

To address the current shortage of cement and rising prices, Côte d’Ivoire’s government has decided to import 150,000t of cement between April and July 2017, according to Industry and Mining Minister, Jean-Claude Brou, and the Minister of Commerce, Crafts and SMEs, Souleymane Diarrassouba. Imports will be carried out by cement producers who will start imports by receiving 36,000t between 12...

Central American cement trade falls 14% in 9M16

25 April 2017, Published under Cement News

The total value of traded hydraulic cements in Central American countries fell 14 per cent from US$56m to US$48m in the first nine months of 2016, according to CentralAmericaData. Volumes dropped from 0.494Mt in 2015 to 0.426Mt in 2016. In the 9M16 the main exporter of hydraulic cements in Central America was Costa Rica with US$28m, followed by El Salvador (US$12m), Honduras (US$5m), Nicara...

Gambia cuts cement import tariffs

Gambia cuts cement import tariffs

24 April 2017, Published under Cement News

Gambia’s government has announced a lowering of import tariffs on cement. The supplementary tax of GAD1/kg of cement as well as the five per cent tax levied on cement imports has been lifted.

Fiji: clinker shipment unloaded for Pacific Cement Ltd

13 April 2017, Published under Cement News

The vessel MV Festival, carrying 24,000t of clinker for Pacific Cement Ltd, has reached Lami Town, Fiji. The method of discharge has been changed due to a High Court ruling, meaning trucks must now be loaded in a barge and the clinker unloaded into the trucks onboard said barge. As this process takes longer than the previous method, the vessel’s crew had to apply for visa extensions, which wer...

Pakistan sees decline in 1HFY17 cement exports to South Africa and Afghanistan

03 April 2017, Published under Cement News

Pakistan cement exports revenue continued their downward trend, with most of the 14.4 per cent YoY decline in 1HFY17 (July-December) due to two markets, South Africa and Afghanistan. However, a slight consolation was continued strong demand from India which partially offset the declines witnessed in the two aforementioned markets, the country's Central Bank observed in its second quarterly ...

Vietnam: missing seamen after clinker ship sinks

30 March 2017, Published under Cement News

Nine Vietnamese seafarers are listed as missing following a collision involving a clinker carrying ship off Vietnam’s southern coast on Tuesday morning. The 3075dwt Hai Thanh 26-BLC, a 2010-built general cargo carrier, sank about 44 nautical miles to the east of Vung Tau City in Ba Ria-Vung Tau province, according to local media, citing the Vietnam Maritime Search and Rescue Centre. The ...

Fancesa: no exports to Paraguay and Argentina

24 March 2017, Published under Cement News

Bolivia’s Fancesa no longer views Paraguay and Argentina as viable export markets for its products. While the neighbouring countries would have provided an alternative sales route for Bolivia’s oversupply of cement a few years ago, domestic product of these countries is now cheaper and more readily available, said Eduardo Kunstek of Fancesa. For instance, the recent price decrease in Paragu...

Gaza receives Saudi Arabian housing aid and Israeli cement

24 March 2017, Published under Cement News

Saudi Arabia has contributed US$80m towards reconstructing Gaza homes destroyed during the 2014 Israeli military bombing, Minister of Housing, Mufeed Hasayneh, said on Thursday. He told a press conference in Gaza that US$40m will be disbursed in cooperation with the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) to 1300 beneficiaries, while US$10m of the remaining US$4...

Pakistan: exports continue to decline in 8MFY16-17

24 March 2017, Published under Cement News

Pakistan cement exporters have earned revenues of US$12.24m on exports of 229,819t cement in February 2017, compared to US$22.268m on 411,257t of exports in the previous month. These figures represent a MoM decline in dollar value and volumes of 45 percent and 44.1 per cent, respectively. However, when compared with February 2016 (519,733t with a value of US$28.131m), volumes slipped by 56.5 ...

Zimbabwe: PPC calls for import ban

15 March 2017, Published under Cement News

In 2016 the Zimbabwean government introduced a 25 per cent duty on every 100t of imported cement to discourage cheap imports. However, according to PPC Zimbabwe, imports continue to enter the country. “In addition to liquidity challenges, we continue to face pressure from cheap imports. Government has tried to assist by introducing duty on imported cement, but the reality on the ground is t...

Vietnam exports 3Mt of cement and clinker in 2M17

10 March 2017, Published under Cement News

Vietnam exported 2.95Mt of cement and clinker in the first two months of 2017, representing an increase of 18.7 per cent YoY. The total value of the shipments reached US$103.69m, up 13.2 per cent YoY, according to the General Department of Vietnam Customs. In February, clinker and cement exports rose 27.3 per cent MoM to 1.67Mt and 21.5 per cent to US$58.22m in terms of value. Key import...

Pakistan: export revenue rise MoM but fall YoY

06 March 2017, Published under Cement News

Pakistan cement exporters earned revenues of US$22.26m on exports of 411,257t cement in January 2017, compared to US$16.36m on 309,868t of exports in the previous month. These figures represent a MoM surge in dollar value and volumes of 36.05 per cent and 32.72 per cent, respectively. When compared annually with January 2016 (393,994t with a value of US$21.10m), volumes rose by 4.38 per c...