Cement News tagged under: Trading
Indonesian exports22 March 2004, Published under Cement NewsIndonesia’s nine cement producers sold 7.343Mt of cement and clinker for export in 2003. Clinker exports reached 4.27Mt while cement exports amounted to 3.073Mt. Bangladesh customers bought 1.90Mt of clinker while Malaysian customers 0.64Mt and Singapore grinders took 0.32Mt. Vietnam buyers taking just 0.22Mt. In terms of cement exports, Nigeria bought 1.14Mt and then Singapore came second with 0.40Mt of deliveries followed by some 0.33Mt to other unspecified African countries. Madagasc... |
Cement prices set to stabilise19 March 2004, Published under Cement NewsCement prices in Andhra Pradesh, India are expected to cross Rs160 per bag in May and stabilise in that region for the next six months on current indicators, say local news reports. Unlike in the past, this time the price hike may not need any concerted effort by the industry and may occur automatically due to factors like a drop in cement supplies from other states, exports and new infrastructure projects that will kick off in the next financial year. Industry observers here are confident ... |
Sinai cement exports increase18 March 2004, Published under Cement NewsAccording to Al-Sharq Al-Awsat newspaper (March 17, 2004), the Chairman of the Board of the Sinai Cement Company, Mr. Hassan Rateb, announced that the Sinai Cement Company has recently won contracts to exports 600,000t of white and grey cement to a number of Arab and European countries through the current year of 2004. Hassan Rateb added that this cement will be shipped through the Egyptian Al-Arish Port, which is near the companys production facilities in central Sinai, and through other Eg... |
Jordan Cement Factories exports18 March 2004, Published under Cement NewsJordanian cement producer Jordan Cement Factories Company (JCFC) exported 800,000t of cement in 2003, according to the company’s director general, Samir al-Bairaqtar. No comparative figures were available. The company’s annual capacity stands at some 4.4Mt and local cement demand totals 2.7Mta, al-Bairaqtar said. JCFC will continue to allocate the greater part of its output for the local market. The company has taken all necessary measures to meet the expected increase in local cement consum... |
Cement prices yet to fall in Gujarat17 March 2004, Published under Cement NewsCement prices in Gujarat have remained consistent despite the Gujarat government’s recommendation last week to bring down prices by Rs 10 per 50 kg bag. Domestic cement majors such as Gujarat Ambuja Cements, Larsen & Toubro and Sanghi Cement have not reduced prices in the retail segment, which are currently being quoted at around Rs 160-165 per 50 kg bag. The Gujarat government had asked cement manufacturers to roll back prices to facilitate construction in the state. The cement companies ... |
Price rise reasons15 March 2004, Published under Cement NewsIndian ement prices have been rising mainly because of the demand-supply mismatch. February demand has gone up by 10 per cent, compared to about 5.5 per cent in all other months. With the government stepping on the gas for completing the Golden Quadrilateral project and the pre-poll fever, demand for cement has shot up, KC Jain, senior president, Vasavadatta Cement, indicated. Inability of the railways to provide wagon supplies to the extent anticipated by the industry and the limits imp... |
Nigerian price debate15 March 2004, Published under Cement NewsThe high cost of production, falling local naira currency, poor production facilities in many cases and now the recent rise in freight charges have been blamed as reasons for the escalating prices of cement, which in the last six months has gone beyond the reach of Nigerians According to Mr. Knut Ulvmeom, Group Managing Director, Dangote Group, Nigeria at the moment consumes a total of 10Mt annually out of which a total of 8Mt are imported. He said only 2Mta are produced locally. He said... |
Levy on Turkish cement approved10 March 2004, Published under Cement NewsThe Israeli Knesset Finance Committee today approved an order by Minister of Industry Trade and Labor Ehud Olmert to impose a levy of US$5.83 per ton on the dumping prices of imported Turkish cement. The levy is intended to protect Nesher Israel Cement Enterprises from cement imports at dumping prices. The Finance Committee stated that following negotiations with the Turkish government, an agreement was reached, under which Turkish cement producers who pledge not to sell cement to Israel at ... |
DTI puts pressure on local cement producers10 March 2004, Published under Cement NewsSeriously doubting the ability of local cement players to reduce prices, the Department of Trade and Industry (DTI) has decided to finally impose the P5 reduction of the P20.60 safeguard tariff on per bag of imported cement as well as reduced the number of inspection period for such imports from 28 days to 7 to 14 days to facilitate supply and counter the high prices of local cement. This twin measure was revealed by Trade and Industry Secretary Cesar V. Purisima to reporters at the sideline... |
Import duty cut on coal04 March 2004, Published under Cement NewsThe Indian government’s move to slash import duty on coal to arrest spiralling steel prices has an unintended beneficiary: the cement industry. Larsen & Toubro and Gujarat Ambuja Cements, two of the larger cement producers with shore-based facilities which rely on imported coal, are set to witness a reduction in manufacturing costs, especially at a time when international coal prices have hit a five-year high. Late last week, the Union finance ministry issued notifications for reducing custo... |