Cement News tagged under: Supply-Demand

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Indonesia's cement production forecast to fall 17% YoY

11 September 2020, Published under Cement News

Indonesia's cement production is likely to fall further in 2020, as a result of Jakarta's second lockdown, according to the Japanese investment bank, Nomura. The bank has cut its 2020 cement production estimates for Indonesia and now expects it to fall 17 per cent YoY. Halted construction activity could also indicate a longer recovery period for the cement sector. However, investors could take advantage of the pullback in stock prices and accumulate cement stocks before the next recovery c...

Bangladesh cement prices remain stable

24 August 2020, Published under Cement News

The price of a 50kg bag of cement in Bangladesh is remaining stable after a sudden hike in 2019, according to The Financial Express. "Currently, we are selling a bag of cement at BDT400-440 (US$4.7-5.2) varying from one manufacturer to others," said Wahid Uz Zaman, a dealer in the city's green road. "People are now investing less on construction works, considering the disruptions in economic activities caused by the coronavirus pandemic," he said. "Our sales volume has dropped to one-t...

Paraguay's construction sector reports cement shortage

21 August 2020, Published under Cement News

Construction firms in Paraguay are reportedly seeing cement shortages as they face problems with bringing cement into the country, according to Ultima Hora. The state-run cement producer, INC has stated that the cost of cement remains the same and that it increased production and deliveries in August 2020. However, the company can only meet around 60 per cent of domestic demand. Cement prices have reportedly increased to PYG58,000/bag (US$9.83) per bag. In August 2020, INC delivered 60,0...

Uruguay sees exports rise in the 2Q20

20 August 2020, Published under Cement News

Cement sales in Uruguay reached 166,074t in the second quarter of 2020, a 3.9 per cent drop YoY, according to data from the Chamber of Industries. Of the total, 97 per cent were domestic sales and three per cent were exports, mostly to Paraguay. Domestic sales were down 4.1 per cent YoY, but exports climbed 3.9 per cent.

Puerto Rican cement sales rise in July

19 August 2020, Published under Cement News

Puerto Rican cement sales increased 23.8 per cent YoY in July 2020, rising to 1.42m (42.5kg) bags from 1.15m bags in the corresponding period of 2019, according to Sin Comillas. Cement sales reportedly began to recover in May 2020 and surged 42 per cent YoY in June 2020. Cement production also advanced 31.3 per cent YoY to 1.32m bags in July 2020.

Azerbaijan sees cement production decline 3% YoY

19 August 2020, Published under Cement News

Azerbaijan saw the value of construction materials produced in the country fall 4.8 per cent YoY to AZN426.7m (US$250.9m) in the first seven months of 2020, according to the State Statistics Committee. At the same time, the production of cement decreased by 2.7 per cent and precast concrete structures were down 25.6 per cent.

Vietnamese export volumes rise 11% in the 7M20

18 August 2020, Published under Cement News

Vietnam exported 19.5Mt of cement and clinker worth US$732m in the first seven months of 2020, up 11.4 per cent YoY in volume but down 5.4 per cent in value, according to Dau Tu (Investment). In the seven-month period, the major export markets included China, the Philippines and Bangladesh. Last year, the Ministry of Construction forecast that Vietnam would sell 101-103Mt of cement and clinker in 2020, rising 4-5 per cent YoY, which would include 32-31Mt of exports. However, the predic...

Bangladesh's raw material imports decline 13%

11 August 2020, Published under Cement News

The value of raw material imports for Bangladesh’s cement industry fell almost 13 per cent YoY to BDT64.81bn (US$764.1m) in the FY19-20, on the back of a stagnation in construction activities due to the COVID-19 pandemic. Businesses imported 18.6Mt of cement clinker, granulated slag, limestone flux and gypsum in the last fiscal year, down from 20.99Mt a year ago, according to the Chattogram Custom House. Most of the materials came through the Chattogram port from Thailand, Vietnam and Chin...

Azerbaijan records 2% decline in cement production

22 July 2020, Published under Cement News

Cement production in Azerbaijan declined 2.4 per cent YoY to 1.57Mt in the first half of 2020, according to the State Statistics Committee. However, ready-mix concrete production rose 3.6 per cent to 821,500t. Overall, the value of building materials produced in the country reached AZN327.6m (US$192.82m) in the 1H20, down 10.4 per cent compared to the corresponding period of last year.

Indian cement prices struggle in July

20 July 2020, Published under Cement News

All-India cement prices declined by one per cent to INR366/50kg bag (US$4.88/50kg bag) in July, according to Kotak Institutional Equities. Prices in southern India also declined one per cent MoM in July. In the northern and eastern markets prices fell by two per cent and one per cent, respectively, while prices in the west and central India remained resilient. The price difficulty has been attributed to a range of reasons, with northern dealers reporting a lack of new construction acti...