Cement News tagged under: Supply-Demand
Vietnam sees exports rise 14% YoY13 October 2020, Published under Cement NewsIn the first eight months of 2020, Vietnam exported more than 23.5Mt of cement and clinker, an increase of 13.7 per cent YoY. The biggest importers were China (12.6Mt), the Philippines (nearly 4.5Mt) and Bangladesh (1.7Mt). Some reports suggest that the current export cement prices are lower than the domestic cement rates, according to Vietnam News. However, insiders have disagreed with this and state that the export price should not be compared with selling prices in the local market ... |
Libya's Zliten plant resumes production13 October 2020, Published under Cement NewsLibya’s Arab Union Construction Company (AUCC) has announced that its Zliten cement factory has resumed production, following a stoppage of more than a month. Production is expected to increase gradually, according to the Libya Herald. The high demand for cement in the country has sent prices soaring recently due to a shortage in supply. In August the price of local cement had risen to more than LYD75/t (US$53), compared to around LYD30 a year ago. |
Nepal reports rise in imports due to lockdown06 October 2020, Published under Cement NewsCement and clinker worth NPR957.2m (US$8.15m) have been imported in Nepal after limestone excavation and cement production was stopped due to the COVID-19 lockdown imposed by the government. After the production and excavation stopped, cement and clinker were imported from India. According to the Department of Customs, cement and clinker worth NPR513.4m was imported in August. In September, cement and clinker worth NPR443.7m was imported. Despite claims that the country is self-suffici... |
Sri Lanka sees production rise 26% in July06 October 2020, Published under Cement NewsSri Lanka’s cement production in July rose 26.3 per cent YoY to 413,000t from 327,000t last year, according to the Daily Mirror. Total domestic cement production increased 4.1 per cent to 2.056Mt during the 7M20, against 1.976Mt in the comparable period of 2019. Cement imports in July stepped down to 422,000t from 430,000t in the year-ago period.Total cement imports for the January-July period also declined 33.7 per cent YoY to 1.936Mt from 2.921Mt. However, total consumption in July a... |
Indonesia's cement production forecast to fall 17% YoY11 September 2020, Published under Cement NewsIndonesia'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 stable24 August 2020, Published under Cement NewsThe 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 shortage21 August 2020, Published under Cement NewsConstruction 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 2Q2020 August 2020, Published under Cement NewsCement 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 July19 August 2020, Published under Cement NewsPuerto 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% YoY19 August 2020, Published under Cement NewsAzerbaijan 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. |