Cement News tagged under: Trading

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Kenya considers duty increase on imported clinker

21 March 2022, Published under Cement News

The Kenyan government is considering an increase on duty on imported clinker to rein in trading malpractices. It says some errant cement companies have been abusing the low tax regime of 10 per cent in the region and now wants to take countermeasures to reduce clinker imports. “Some of these cement companies are importing clinker and the same companies are mining clinker and exporting it to neighbouring countries. So we need to come out together to discipline that behaviour because you can...

Cement producers raise prices in Vietnam

18 March 2022, Published under Cement News

Cement manufacturers have raised prices by VND100,000-150,000 (US$4.40-6.60) /t, or by 5.5-8.3 per cent, in Vietnam, claiming production costs have risen.   Ha Tien 1 Cement JSC, a subsidiary of the Vietnam National Cement Corporation ( VICEM ), announced a hike of VND100,000/t to VND1,800,000/t for its Vicem Ha Tien brand of packed cement with effect from 23 March. Hoang Long Cement JSC has increased its prices by VND120,000 and Thanh Thang Group Cement JSC has hiked the pri...

EC agrees on the Carbon Border Adjustment Mechanism (CBAM)

17 March 2022, Published under Cement News

The European Council (EC) has reached agreement (general approach) on the Carbon Border Adjustment Mechanism (CBAM) regulation, which is one of the key elements of the European Union’s ‘Fit for 55’ package. The main objective of this environmental measure is to avoid carbon leakage. It will also encourage partner countries to establish carbon pricing policies to fight climate change. For that purpose, CBAM targets imports of carbon-intensive products, in full compliance with inter...

Pakistan's cement/clinker exports observe a mixed trend in 8MFY22

17 March 2022, Published under Cement News

Pakistan's cement and clinker exports have observed a mixed trend in the first eight months of FY21-22. During a presentation, Mohsin Naqvi, group director finance of Maple Leaf Group – the parent company of Maple Leaf Cement Co (MLCF), has stated that the company is not foreseeing robust growth in export given higher sea freight charges. Hence, the negative trend was also reflected in cumulative export data.   The Pakistan cement industry earned US$179.44m in export revenue by dispat...

Indonesian cement and clinker exports rise to record levels in 2021

11 March 2022, Published under Cement News

Indonesia is rapidly expanding its cement and clinker export activities, with YoY volumes climbing by 25.2 per cent to reach a record 11.610Mt in 2021. By year end, cement exports grew by 46.6 per cent to 1.609Mt, while clinker volumes expanded by 22.3 per cent to 10.001Mt. Bangladesh and the Philippines were major clinker destinations, while cement destinations included Mauritius and the Maldives.

Egypt sees 151% cement export surge in 2021

03 March 2022, Published under Cement News

Cement exports from Egypt are up 151 per cent YoY in 2021 to US$456m from US$182m in 2020, according to a recent report by the Export Council for Building Materials, Refractory and Metallurgy Industries. The increase in exports was driven by a higher demand for Egyptian cement, said Medhat Stefanos, chairman of the cement division of the Federation of Egyptian Industries. In addition, domestic producers are focussing on expanding their market to Africa.

Belarusian commodity exchange to sell 1.5Mt in 2022

28 February 2022, Published under Cement News

The Belarusian Universal Commodity Exchange (BUCE) expects the sell around 1.5Mt of cement in 2022. In 2022 up to 50 per cent of the total volume of cement by the Belarusian Cement Co to the domestic market, or 1.5Mt, will be put up for auctions. In the first stage, buyers will include any companies, except for those engaged in the construction of facilities financed from the national budget and the funds equivalent to it. Market participants are offered one-time or long-term ones excha...

Energy complex sees uplift on Ukraine-Russia conflict, but discounts are stable

24 February 2022, Published under Cement News

Since ICR’s most recent energy report , Russia’s recognition of the Donbas region in Ukraine and military move into it are lifting the energy complex. As no war has broken out at the time of writing, medium effects depend on political sanctions and the respect of borders. In the short term, oil is close to US$100. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 As coal pushes higher, petcoke prices are increasing. Discounts are stable in neutral zones. Th...

Carbon reaches EUR100 in Cal23 – a new all-time high as power generation demands more coal and gas

24 February 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The EUA Dec 22 has set a new all-time high at EUR98.50, driven by real demand for compliance as especially coal but also gas are increasingly filling the gap left by a drop in nuclear-based power in France. To ensure sufficient baseload electricity, several coal-fired plants are being restarted.  However, financial players continue to make up ~35 per cent of the market and are only buyers with a target towards EUR100. It will be interesti...

Lafarge Algeria aims to export 3Mt

23 February 2022, Published under Cement News

Holcim -owned Lafarge Algérie has carried out two more export shipments from the port of Oran, Algeria. A cargo of 35,000t of bulk grey cement and a 30,000t shipment of white cement in big bags were supplied by the Oggaz plant and are destined for the Americas. This year, the company aims to export 3Mt. In 2021 Lafarge Algérie exported 2.6Mt of cement, up 120 per cent when compared with 2020. The shipments have propelled Algeria to be the largest exporter in Africa and the No 2 in the M...