Cement News tagged under: Exports
Peru’s cement dispatches stabilise in July17 August 2017, Published under Cement NewsPeru’s cement dispatches edged up 0.6 per cent YoY to 0.777Mt in July 2017, according to the country’s cement association, Asocem. Domestic supply was supplemented by 100t of imported cement and 44,400t of imported clinker. Output from the country’s cement plants fell 1.2 per cent YoY to 0.827Mt in July. Of this figure, cement producers exported 32,800t, around 16 per cent less than in July 2016. In addition, some 90,800t of clinker was exported. For the first seven months of 2017, dom... |
Argentina’s cement market expands 20%09 August 2017, Published under Cement NewsArgentine cement consumption edged up one per cent MoM and 19.8 per cent YoY in July 2017. Demand reached 1,016,590t. Imports surged from 982t in July 2016 to 8692t one year later. When compared with June 2017, they advanced 6.2 per cent from 8188t. Total cement dispatches (including exports) by domestic cement producers reached 1,011,689t, a 0.9 per cent increase MoM and a 18.8 per cent rise YoY, in July 2017. The figure includes 3791t of exports, up 1.7 per cent YoY and 1.5 per cent... |
Pakistan achieves monthly sales high08 August 2017, Published under Cement NewsPakistan achieved record monthly sales in July, increasing by 44 per cent YoY to 3.382Mt during the month led by robust growth in domestic demand. Data from the All Pakistan Cement Manufacturers Association (APCMA) said local sales increased by 55 per cent YoY to 2.906Mt in July, while exports remained flat at 0.476Mt during the month. “The dispatch figures for July are most encouraging,” International News (Pakistan) quoted an APCMA’s spokesman as saying. “The industry has established... |
Vietnam considers cutting export tariff to aid cement oversupply07 August 2017, Published under Cement NewsVietnam’s Ministry of Planning and Investment (MPI) has proposed the export tariff be reduced to aid cement exports from the country. Domestic cement manufacturers have been struggling to export cement to ease the domestic oversupply. However, with the changes in tax policies, the clinker export cost has increased to US$4.5/t and the cement export cost US$7.5/t. This puts Vietnamese cement producers at a competitive disadvantage with rivals from China, Thailand, Indonesia and Japan, industr... |
Vietnam's Ministry of planning calls for export tax cut28 July 2017, Published under Cement NewsVietnam's Ministry of Planning and Investment has proposed export tax cuts on cement, while local producers struggle with high stockpiles, claims Viet Nam news. In a recent report submitted to the government, the ministry said that the export tax rate of five per cent on cement was too high. The ministry estimated that no deduction on input VAT, coupled with five per cent export tax rate, pushed up prices of cement and clinker by US$7.50 and US$4.50/t, respectively. The ministry propos... |
Peru's cement demand edges up in June26 July 2017, Published under Cement NewsPeru’s cement producers dispatched 777,000t of cement in June 2017, representing a 2.2 per cent increase YoY, according to the latest data from Asocem, the country’s cement association. In June 2016, the domestic market required 756,000t. Total dispatches, which include exports, advanced 2.7 per cent YoY from 781,000t to 802,000t in June 2017. Output rose 2.2 per cent from 792,000t in June 2016 to 809,000t one year later. In terms of the rolling year, domestic cement deliveries reache... |
Pakistan's cement exports fall during FY1724 July 2017, Published under Cement NewsDuring the FY16-17 (July 2016-June 2017), Pakistani cement producers exported 4.53Mt of cement at a total value of US$237.88m, compared with 5.97Mt at US$321.21m in the equivalent period of the previous year. This represent a YoY retrenchment, both in terms of value (-25.94 per cent) and volume (-24.17 per cent). During this period, value of cement in US$ fell to US$52.46/t from US$53.72/t. On MoM basis, Pakistan cement exporters have earned revenues of US$18.01m on exports of 349,430... |
Vietnam government urged to reduce export duty21 July 2017, Published under Cement NewsVietnam’s Ministry of Planning and Investment has proposed the government to reduce export duty on cement to help domestic cement producers to promote exports. According to the government’s Decree No 100/2016/ND-CP, exported cement products are not eligible to enjoy input value-added tax (VAT). Furthermore, the product is subject to a five per cent export tax, which has lifted export costs to US$4.50/t clinker and US$7.50/t of cement (based on average FOB prices of US$30 and US$50, ... |
Pakistan producers see mixed dispatch performance19 July 2017, Published under Cement NewsPakistan cement producers recorded a mixed performance in total dispatches for FY17 as a double-digit decline in exports was witnessed. During FY17, which drew to a close at the end of last month, the industry recorded growth a four per cent rise in dispatches YoY to 40.267Mt. Of this total, local sales climbed eight per cent YoY to 35.604Mt, while exports fell by 21 per cent YoY. Dispatches by local producers for the 12 month period included: • Lucky Cement: 6.89Mt (-1 per cent YoY) •... |
Indonesia 1H sales dip, exports rise18 July 2017, Published under Cement NewsCement sales in Indonesia registered a slight decline over the first half of this year, while exports sales fared better over the six-month period, according to the latest industry data. Domestic sales were down by 1.3 per cent YoY to 29Mt in the 1H17, compared to 29.37Mt a year earlier, statistics published on state-owned Semen Indonesia’s website reveal. Widodo Santoso, chairman of the Indonesian Cement Association (ASI), told local press that the decline is attributed to the long hol... |