Cement News tagged under: Trading

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Cement shortage in 2005 forecast

01 November 2004, Published under Cement News

Vietnam will lack 6.5Mt of cement in 2005. According to the Ministry of Construction, demand is estimated at 29Mt while supply is only 22.6Mt. The cement industry will have to import 6Mt of clinker to balance the shortage.

Restore free trade in Mexican cement

01 November 2004, Published under Cement News

With continuing debate over US cement shortages, some domestic US observers are now beginning to challenge the wisdom of a US Department of Commerce ruling which has effectively stopped large volumes of Mexican cement imports from crossing the border into the United States and thus helping to alleviate what many see as significant cement shortages in many US states. Regrettably, this discussion is, however, something of a red herring. Although it is commonly perceived that Mexican cement ...

Redwood City cement imports

29 October 2004, Published under Cement News

The port of Redwood City handled 572,718t of scrap metal, construction materials and other commodities between July 1 and Sept. 30. The increase in Asiatic and Pacific Northwestern trade, mostly construction-related demands, and the boosted US economy account for the dramatic increase in tonnage at all West Coast ports, board Chair Dick Dodge said. RMC Pacific Materials imported 217,974t of cement from China during the first quarter, an increase of 63 percent since last year’s 133,316t of the...

Cement Companies To Raise Export Prices

27 October 2004, Published under Cement News

Taiwan’s cement makers will likely raise their export prices by 15%-20% to US$30-US$40 a ton for 2005 because of continued strong demand, the Commercial Times reports.  The price hike will likely help Taiwan Cement Corp swing to a profit in its export business next year, the paper says.  Taiwan Cement is the island’s largest exporter of cement products, followed by Asia Cement Corp.

Book at bedtime

26 October 2004, Published under Cement News

Reading ‘Globalisation and its Discontents’ by Joseph E Stiglitz (winner of the 2001 Nobel Prize in Economics)  a section on understanding the origins of the East Asia crisis of 1997 provides some illuminating insights – although Joseph Stiglitz is at pains to point out that he does not share such conspiritorial views. In essence, international trade and finance policies of the period leading up to the 1997 Asian crash were engineered as a deliberate attempt to weaken East Asia – the regi...

Cement manufacturers warn tariff safeguard removal

25 October 2004, Published under Cement News

Domestic Philippine cement manufacturers yesterday warned that removal of the additional safeguard tariff on imported cement would only ensure other countries with excess capacity of a ready market they can dump their products into.  This warning was issued by the Federation of Philippines Industries (FPI) saying the threat of dumping from China, Thailand, and Indonesia was real. The FPI noted that while countries like Indonesia and Japan have imposed non-tariff barriers on cement imports, th...

Manufacturers turns down export orders around 4-5Mt, Egypt

15 October 2004, Published under Cement News

Alaa Mouneir, Suez Cement Chairman, reported today in a local newspaper that Egyptian cement manufacturers have recently turned down export orders pertaining to approximately 4-5Mt  in an attempt to meet local demand. The Chairman further stated that the company, along with Torah Cement , is set to maintain prices at their current levels, which range at an ex-factory LE230-240/ton. Moreover, Mouneir affirmed that the prevailing levels of Egyptian exports are not expected to persist, ...

Cement ship sees further delays to unloading in Mexico

15 October 2004, Published under Cement News

A silo ship stuck at Mexican ports with more than 26,000 metric tons of Russian cement aboard will be further delayed from importing it following court action by the country’s cement industry chamber, officials of the importing company said Thursday. The Mary Nour has been anchored at Gulf coast ports for three months, kept from unloading the cement through efforts of the chamber and the country’s biggest cement producer, Monterrey-based Cemex SA (CX). The cement was brought from Rus...

Grounded ship off Fort Lauderdale

13 October 2004, Published under Cement News

Tugboats pulled the grounded freighter Federal Pescadores into deeper water Sunday evening, clearing the way for divers to go in today to look for damage to coral reefs. The 546-foot ship ran aground off Fort Lauderdale late Wednesday night after leaving Port Everglades with a load of cement bound for Port Canaveral. The Coast Guard is investigating the accident. Over the weekend, work crews pumped out fuel to lighten the Panamanian-flagged ship. Several tugboats hauled it east, allowing it ...

Solid Cement says lab is outdated

08 October 2004, Published under Cement News

Solid Cement Corp, Philippines, yesterday assailed a government-run cement testing lab which had given its Island Portland Cement brand a failing mark, saying the facility is outdated and in poor condition.  The Department of Trade and Industry (DTI) lifted an Aug. 12 ban on Island Cement last Monday, but the failing mark given by the Department of Public Works and Highways’ Bureau of Research Standards prompted the DTI’s legal office, which is hearing a complaint versus Solid Cement, to ord...