Cement News tagged under: Trading

RSS feed

Local Pakistan and export dispatches fall during September

11 October 2022, Published under Cement News

Pakistan's cement industry has recorded a YoY fall of 6.83 per cent in dispatches during September 2022, with total cement dispatches (local and exports) shrinking to 4.276Mt from 4.589Mt in the same month of last fiscal year, says data released by the All Pakistan Cement Manufacturers Association (APCMA). The breakdown shows that local dispatches slid by 5.33 per cent to 3.80Mt from 4.01m, while exports declined by 17.35 per cent to 472,437t from 571,613t. Giving reasons for the negati...

Indian cement prices on the up

11 October 2022, Published under Cement News

September 2022 saw the all-India average cement price go up by INR6/50kg bag (US$0.07), or 1.7 per cent, compared to the previous month. The highest price increase was seen in the east of the country where prices advanced by 6.6 per cent, followed by a 1.9 per cent rise in the south, 1.3 per cent increase in the west, and a flat-to-marginal decline in north and central India, according to India Infoline News Service. The price rises follow four consecutive months of price cuts. Further pr...

Sharp falls testing support - increased auctions combine with an exodus of speculators

30 September 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark After reaching a new all-time high of EUR99.40 just below the magic EUR100, the carbon market has lost 33 per cent, falling to EUR66. Speculators have left the market due to fear of potential intervention as EU member states have looked at capping carbon or suspending the market. Furthermore, traders have closed positions to pay for margin calls in the power and gas markets. Fundamentally auctions are now offering 42m EUAs, up from 20m EUA...

Russian cement producers ask for import duties

30 September 2022, Published under Cement News

The strengthening of the ruble has made imports of cement from Iran, Kazakhstan and Belarus more profitable, according to Esmerk Russian News. As a result, total imports of cement into Russia could increase to 7Mta, forcing domestic producers to reduce capacity and mothball plants. Therefore, they have asked for protective measures such as import duties to be established.

Oil falling below US$90, coal and gas surge to new highs – petcoke may resume upward curve, but still buyers’ market

29 September 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The perfect storm has hit European energy end users, as EU sanctions against Russian energy exports are now backfiring in terms of prices and supply security. The EU is currently working on different packages to curb prices, but this will be extremely challenging if a free and market-based price structure is wanted. At the same time, drought and a reduction in nuclear power generation is adding to the severe supply situation as gas prices have...

Tajikistan leading cement importer in Uzbekistan

29 September 2022, Published under Cement News

The State Committee of Uzbekistan on Statistics said the country receives the largest part of its cement imports from Tajikistan, which exported in the 8M22 approximately 625,000t of cement into Uzbekistan. Tajikistan produced 2.9Mt of cement in the January-August 2022 period. Other key importers include Kyrgyzstan and Kazakstan, which exported 458,000t and 409,000t, respectively to Uzbekistan.

Ambuja and UltraTech win legal battle against electricity price hikes

27 September 2022, Published under Cement News

Ambuja Cements and UltraTech Cement are among a number of companies who have won a legal battle against electricity distribution entities in Rajasthan over an increase in cross-subsidy surcharges (CSS). According to The Hindu, the electricity distribution companies buy electricity direct from the power producers and pay the CSS, which is then used to supply power to poor and under-privileged customers. However, as stated in the Electricity Act 2003, the CSS should be “progressively re...

Pakistan sees a mixed export trend between July and August

20 September 2022, Published under Cement News

Pakistan's cement and clinker exports earned revenue of US$17.217m by dispatching 329,128t of cement and clinker overseas in the first two months (July-August) of the current financial year FY22-23 (July 2022-June 2023), compared to US$21.389m from 534,808t of exports in the year-ago period. Therefore, the sector saw a fall of 19.5 per cent in dollar terms and of 38.5 per cent in volume during the first two months of the export period. However, exports valued in Pakistani rupees rose by 9.8 ...

Bangladesh cement exports rise 114% in July-August

20 September 2022, Published under Cement News

During the first two months - July and August – of FY22-23, Bangladesh cement exporters brought home an export revenue of US$1.65m on cement exports, which rose 114.29 per cent over the same months last year. The figure also includes a minor amount of salt, stone and related products, says the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh has set an export target for the cement industry at US$11m during the 12 months of the ongoing financial year, ending 31 June 2023, compared...

Ethiopia introduces new cement price regulation

19 September 2022, Published under Cement News

Ethiopia has announced a new cement price regulation to tackle the rising cost of cement products in the country. According to the Ethiopian Ministry of Trade and Regional Integration, the factory selling price for a quintal (100kg) of cement will now be between ETB510-683.44 (US$9.50-12.74). Cement factories in Ethiopia were initially asked to make price adjustments but the prices suggested were too high, prompting the ministry to establish a task force to study the production process and ...