Cement News tagged under: Trading
Cement shortage reaches Southern Colorado13 September 2005, Published under Cement NewsHolcim Cement recently joined the long list of cement makers temporarily rationing shipments, citing heavy demand, plant manager Rob Davies said. The plant was the last cement maker in the US to avoid rationing, Davies said. "Most have been on allocation for several months," Davies said. Allocation is an industry term for rationing. "Demand for cement is sky high and we have more demand for cement than cement," Davies said this week as area contractors and suppliers began reporting getti... |
Cement exports set to grow 20 per cent13 September 2005, Published under Cement NewsCement exports from India is set to register 20 per cent growth in the current financial year. The export growth is primarily driven by an increase in cement consumption in the Middle East, including the demand arising from reconstruction activities in war-torn Iraq. Total cement exports, which was 10Mt in 2004, is expected to touch 12Mt in 2005, according to industry sources. Indian cement companies had a combined production of 117Mt, of which around eight per cent was exported in the y... |
Duty on cement import waived, Pakistan02 September 2005, Published under Cement NewsEconomic Coordination Committee (ECC) has allowed the import of cement without withholding tax and customs duty, but imports will continue to be subject to sales tax. The cancellation of the six percent withholding tax and 25 percent customs duty is meant to rationalise cement prices, which have swelled to Rs 300 per bag, an official who attended the ECC meeting chaired by Prime Minister Shaukat Aziz on Thursday told Daily Times. But sales tax of 15 percent will remain at the import stag... |
GCC Countries cement exports up02 September 2005, Published under Cement NewsCement exports and re-exports from the six Gulf Cooperation Council (GCC) countries rose by 23.9% YoY to 3.5Mt in 2004, according to a report of Qatar-based Gulf Organization for Industrial Consulting (GOIC). Cement imports to the GCC countries increased to 3.4Mt in 2004, from 3.3Mt in the previous year, the report added. There were 32 cement plants in the GCC countries at the end-2004. The total investments in the cement production sector stood at US$5.823bn for 2004, the highest amon... |
Oversupply drags down coal prices in China01 September 2005, Published under Cement NewsDomestic coal prices have retreated slightly on the back of a moderate oversupply in the fragmented sector and analysts predict the downtrend will continue through 2007. Prices from major producers in resource-rich areas such as Shanxi, Shandong and Anhui provinces have slid some 30 yuan (US$3.7) to 50 yuan (US$6.2) per ton on average since July, according to industry sources. Prices at the coal exchange centre in Qinhuangdao of North China’s Hebei Province, one of the country’s major por... |
Pakistani producers oppose duty free imports30 August 2005, Published under Cement NewsThe All Pakistan Cement Manufacturers Association has opposed duty-free import of cement and said it would strongly hurt the domestic cement industry which has barely come out of the crisis of excess production and low demand. Talking to Business Recorder on Saturday cement industry bigwigs expressed surprise over the government’s intention to allow import of cement to bring down cement prices. "Cement prices have already come down from Rs 330 per 50 kg bag to almost pre-budget level of Rs ... |
Japanese cement shipments down30 August 2005, Published under Cement NewsJapan cement shipments totalled 5.66Mt in July 2005, down 2.9 per cent year-on-year, the Japan Cement Association said on August 29, 2005. The figure marked a year-on-year decrease for the first time in five months. The decrease can be put down to the smaller number of shipping days in July 2005, compared to July 2004, as well as to the rainy weather in the first half of the month, which hindered construction works in Japan. Domestic cement shipments stood at 4.83Mt in July 2005, down 3.... |
Southern Cross cement imports25 August 2005, Published under Cement NewsPhilippine cement firm Southern Cross Cement Corp (SCCC) is currently being investigated by the Bureau of Customs (BoC) for allegedly undervaluing their import entry declarations and for the alleged illegal withdrawal of Portland cement it imported from Japan. The probe came after the Philippine Chamber of Commerce and Industry (PCCI) called the agency’s attention to SCCC’s alleged undeclaration of 46,000t of cement it imported from Japan. In a letter to the BoC, the PCCI also claimed SCCC... |
QNCC’s claim of cement supply false22 August 2005, Published under Cement NewsHamad Al Noeimi, head of Sales Section at Qatar National Cement Company has stated the there was currently no real cement shortage in the country, while the public affirm the contrary. According to a survey conducted by a local paper, customers’ complaints range from difficulties to get the quantity of cement required, high prices in retail stores, poor services to long delays in getting cement. Most customers interviewed pointed out that they could get only less than a half of the quanti... |
Algeria cement imports show signs of decrease19 August 2005, Published under Cement NewsData published by the Algerian Customs Authorities show that during the first six months of 2005, the country imported 252,000t of cement from 11 states and from the European Union. The value of the imports amounted to $21.3m. Among the most important countries which exported cement to Algeria were Tunisia, France, Germany and Spain. Algerian cement imports peaked at 1.34Mt worth some $75m in 2004. In 2003, cement imports reached 3Mt, worth some $157m. |