Cement News tagged under: Trading
Iran’s Mercantile Exchange sets up separate cement trade hall22 September 2021, Published under Cement NewsThe Iran Mercantile Exchange (IME) will set up a separate hall for cement trades from 25 September 2021, according to IME’s director for market operation. Following the announcement of the Ministry of Industry, Mining and Trade on banning the purchase and supply of cement outside the commodity exchange and determining the time for the presence of buyers and sellers of cement in the commodity exchange, the process of admission of cement companies and buyers to the exchange has accelerated. ... |
Fancesa increases clinker sales to Chile20 September 2021, Published under Cement NewsBolivia-based Fancesa will be delivering an 8000t clinker shipment to Chile, following the 1000t cargo to CBB in the neighbouring state last month, according to Correo del Sur. The company is currently carrying out a study into the sale of clinker and has requested collaboration from the local transport sector, according to Amael España, the company’s legal receiver. “I'm sure the carriers will help us. We have to be competitive by lowering prices and keeping up with international competit... |
Coal rallies to 2009 highs – increased demand for petcoke as discounts widening – oil stable17 September 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The euro tested the lower range but remains bound between US$1.17-1.20. Focus on signs of change in the Fed or ECB’s interest policies. Table 1: Prices at a glance Crude oil (US$/bbl) 72.50 Coal API2 – 4Q21 (US$) 163.00 API2 – Cal 2022 (US$) 124.00 API4 – 4Q21 (US$) 156.00 API4 – Cal 2022 (US$) ... |
The increasing trend in coal prices may hit Pakistan’s cement industry17 September 2021, Published under Cement NewsPakistan’s top cement manufacturers termed the growing trend in coal prices detrimental to the county's cement industry. Its negative impact may dent the cement companies' profitability in the second quarter of this year if remedial measures such as an increase in prices of cement bags and relief in other inputs costs are not allowed or eased immediately. The coal prices are hovering around US$170/t this month compared to US$75/t in July last year, reflecting a surge of 127 per cent ... |
Coal handling capacity to increase at Port Qasim13 September 2021, Published under Cement NewsTo coincide with the pace of growth in the cement industry, Pakistan International Bulk Terminal (PIBT) has announced it plans to increase its coal-handling capacity at Port Qasim in Pakistan at a ‘marginal cost’ of up to US$70m over 2-3 years. The increase in demand for imported coal is primarily attributed to economic recovery driven by the relief measures taken by the Government of Pakistan (GOP) to mitigate the effects of COVID-19, which include a favourable package for construction, low... |
Al Jouf Cement extends SAR40m cement supply contract07 September 2021, Published under Cement NewsAl Jouf Cement Co extended has its cement supply agreement with Soliman bin Saleh Almohileb and his Sons Holding Co with a value of SAR40m (US$10.66m), according to a bourse filing. The new contract will run until 30 April 2022 and follows a SAR60m deal made on 21 December 2020, with Soliman bin Saleh Almohileb and his Sons Holding Co, Argaam reported. Based in Al-Jaef, Saudi Arabia, Soliman bin Saleh Almohileb and his Sons Holding Co is a trading company that owns several read... |
Al Jouf Cement extends SAR40m cement supply contract07 September 2021, Published under Cement NewsAl Jouf Cement Co extended has its cement supply agreement with Soliman bin Saleh Almohileb and his Sons Holding Co with a value of SAR40m (US$10.66m), according to a bourse filing. The new contract will run until 30 April 2022 and follows a SAR60m deal made on 21 December 2020, with Soliman bin Saleh Almohileb and his Sons Holding Co, Argaam reported. Based in Al-Jaef, Saudi Arabia, Soliman bin Saleh Almohileb and his Sons Holding Co is a trading company that owns several read... |
Pakistan’s local cement dispatches rise, exports decline in 2MFY2206 September 2021, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) released dispatch figures for August 2021 with a positive note that the cement sector posted growth of 22.8 per cent in August 2021 by dispatching 4.336Mt when compared with 3.531Mt during the same month of the previous fiscal year. Out of this total, local dispatches increased to 3.814Mt from 2.805Mt, up 36 per cent. However, exports continued to decline as the volumes reduced by 28.2 per cent from 726,687t in August 2020 to 521,468t in... |
Fears Ghana's cement price will climb above GHS60/bag02 September 2021, Published under Cement NewsGhana's cement price is likely to continue rising and could surpass GHS60/bag (US$9.94) by the end of the year if some taxes and levies are not scrapped, say cement producers. In the last seven months cement prices in the country have risen three times, amounting to a 27 per cent rise and pushing retail prices to GHS50/bag.Manufacturers have had no choice but to absorb a lot of the costs to keep cement prices at their current level. Raw material prices continue to rise and the scarc... |
Pakistan cement exports have a subdued July01 September 2021, Published under Cement NewsPakistan began export of cement and clinker in the first month of new fiscal (July 2021) with lower value and quantities, MoM and YoY. All Pakistan Cement Manufacturers Association (APCMA) attributes the declining trend in local and export dispatches to monsoon rains and the stoppage of construction activities due to Eid-ul-Azha across the country. According to the Federal Bureau of Statistics (FBS), Pakistan's cement industry earned export revenue of US$11.967m by dispatching of 299,... |