Cement News tagged under: Prices
Iraq's cement association calls for reversal of fuel subsidy decision22 September 2021, Published under Cement NewsIraq's association of cement manufacturers has called on authorities to reverse a decision which has seen a reduction in fuel subsidies for the sector, according to Agence France-Presse. Earlier this month, the oil ministry raised the price of fuel sold to cement manufacturers from IQD150/l (US$0.10) to IQD250, in addition to a previous increase this year. The association has warned that the move risks factory closures or a hike in cement prices by at least US$10/t. "The decision will ... |
Italy sees 32% advance in 1H production03 September 2021, Published under Cement NewsDomestic cement output in Italy picked up by two per cent YoY in June 2021, following a YoY increase of 18 per cent in May 2021, according to Federbeton. In the January-June period output has advanced 32 per cent when compared with the year-ago period. To supplement local supply, Italy imported 151,444t of cement in May 2021, up 75 per cent YoY. In terms of CIF values, the total price was EUR7.772m, or US$51/t. In addition, exports advanced by 10 per cent YoY to 148,311t in May 2021.Thei... |
Coal rally reaches 2011 highs while petcoke discounts up to 37%27 August 2021, Published under Cement NewsBy Brannvoll Aps, Denmark Following on from ICR’s most recent energy report , the coal rally has now reached levels comparable the highs of 2011, leading to more supply distortions. Petcoke FOB contracts are dragged up close to all-time highs with only a few deals available. Discounts for petcoke FOB (USGC 6.5 per cent, 40 HG/API 4) have increased to 37 per cent. However, freight rates have continued to climb, putting a lid on FOB prices to some extent. Additional context i... |
Sharp coal rally drives petcoke higher to widen discounts – new demand fears and OPEC+ agreement sent oil falling16 August 2021, Published under Cement NewsBy Brannvoll Aps, Denmark The euro is seen in the US$1.17-1.20 range with the US infrastructure package expected to support the dollar in the short-term. As forecast, inflation fears evaporated but the expected turn in commodities did not occur due to continued bottlenecks in the opening economies. Table 1: Prices at a glance Crude oil (US$/bbl) 69.25 Coal API2 – 4Q21 (US$) 132.00 API2 – Cal 2022 (U... |
Kazakhstan lifts import restrictions27 July 2021, Published under Cement NewsKazakhstan has lifted the restriction on cement imports from third countries, Trend reports. As a result, cement clinkers, Portland cement, alumina and hydraulic cements are allowed to be imported into the country. The lifting is expected to benefit the demand in the western regions and reduce the price of cement in Kazakhstan. The ban was introduced on 30 April 2021 by the Ministry of Industry and Infrastructural Development to support local cement producers. However, cement prices in... |
Hungary levies excess-profit tax on construction material producers12 July 2021, Published under Cement NewsHungary's government has levied a 90 per cent excess-profit tax on some producers of construction materials from 9 July, in an effort aimed at curbing surging prices. The tax applies to companies that produce cement and other materials, including plaster, chalk, gravel, sand, clay, lime and gypsum, with annual revenue of HUF3bn (US$10.02m) or more in 2019. It requires the companies to pay a 90 per cent "mining allowance" on the difference between revenue generated using their own prices a... |
India's cement production falls in April and May06 July 2021, Published under Cement NewsIndia's cement production was down by 11 per cent MoM in April and 18 per cent MoM in May, due to the rise of COVID-19 cases and the subsequent lockdown restrictions by many states. However, notwithstanding the onset of the monsoon season, pent-up demand is expected to push volumes forward in the second quarter of the FY21-22. As a result, ICRA ratings agency has revised its volumetric growth estimates for the fiscal year downwards to 10-12 per cent from 15 per cent. Anupama Reddy, ass... |
Can Mexico’s fiesta continue?05 July 2021, Published under Cement NewsDespite initial concerns that Mexican cement demand would see a sharp contraction in 2020 due to the COVID-19 pandemic, domestic consumption held up better than expected through the year. The early signs for 2021 are encouraging but, with a rollercoaster of expectations ahead, Credit Suisse asks how long can Mexico’s fiesta last? By Vanessa Quiroga, Credit Suisse, Mexico. Going forward, the picture for Mexican cement demand, exports and utilisation levels is promising. The outlook ... |
India: further challenges ahead15 June 2021, Published under Cement NewsIndia’s cement demand declined by less than initially anticipated in 2020 and producer profitability was supported by a better-than-expected economic recovery, stable cement prices and greater cost efficiencies. However, GDP growth has been precarious and as the pandemic takes a concerning turn, 2021 may be no less challenging in terms of market dynamics and maintaining cost discipline. A pick-up in government-led infrastructure projects resulted in incremental cement demand Ind... |
Rock Hard Cement to increase cement price14 June 2021, Published under Cement NewsCaribbean cement importer Rock Hard Cement announced it will be increasing its price for cement from 1 July 2021. The company cited rising global prices along with the volatility of shipping in the second half of the year, according to the Daily Express. Meanwhile, Trinidad Cement Ltd confirmed that it has not supplied any cement to local distributors and retailers since 8 May, except for direct supplies to three essential construction projects as requested by the government. However, it h... |