Cement News tagged under: Trading
Pakistani cement dispatches see 5% uptick in December18 January 2024, Published under Cement NewsCement dispatches in Pakistan were up five per cent YoY in December 2023, settling at 4.1Mt compared to the same period in the previous year. According to a report from AHL Research, domestic dispatches declined by four per cent YoY to arrive at 3.5Mt. The fall in domestic dispatches was due to subdued demand due to high inflation. Local dispatches of the north were recorded at 2.9Mt, a fall of 1 per cent YoY, whereas the south experienced a drop of 16 per cent YoY, settling at 0.6Mt. Ex... |
Holcim Algeria exports see 7% uplift in 202317 January 2024, Published under Cement NewsLafarge Algeria ( Holcim ) exported 3.4Mt of cement and clinker in 2023, up seven per cent from 3.2Mt in 2022. The company achieved an export market share of 30 per cent and increased its export turnover by 17 per cent. A total of 40 per cent of exports were shipped as cement, a threefold increase YoY. In 2024 the company expects to increase cement exports to a 60 per cent share of total exports. Holcim Algeria has made significant investments in its export division, including a EUR3.5... |
Turkish exports to Azerbaijan down 3% in 202316 January 2024, Published under Cement NewsTurkey’s cement exports to Azerbaijan declined by almost three per cent to US$50.9m in 2023, compared to the previous year, reports Azernews. According to Turkey’s Ministry of Trade, cement exports from Turkey to Azerbaijan advanced by 0.9 per cent to US$5.7m in December 2023, versus the same month in the previous year. Looking at 2023 as a whole, Turkey’s total cement exports were down 15.5 per cent YoY at US$4.6m, while December 2023 alone saw a 19.7 per cent decline YoY to US$353,00... |
Al Jouf Cement secures six-month export deal11 January 2024, Published under Cement NewsJordan-based Rabou’ Al Taybeh Co has agreed to receive clinker exports from Al Jouf Cement Co of Saudi Arabia for a period of six months. The contract’s value stands at SAR30m (US$8m), representing more than 10 per cent of the company’s total revenues, states Mubasher. The Tadawul-listed company highlighted that the agreement will reflect positively on its income statements, starting from the 1Q24 until 2Q24. The clinker export agreement is subject to renewal. Al Jouf operates a 3.5M... |
Pakistan's producers turn to exports10 January 2024, Published under Cement NewsPakistan's domestic sales for the cement industry during the first half of the current fiscal year (1HFY23-24) have grown by a mere one per cent compared to last year. Ballooning construction costs, of which cement prices have contributed their part, have deterred demand. The recent implementation of the axle road regime has further sent prices hurtling forward as transport costs increase. This is unlikely to ease over the next couple of months, which will keep prices steady and looki... |
Bangladesh outstrips the cement export target in 6MFY23-2408 January 2024, Published under Cement NewsBangladesh has recorded 91 per cent YoY growth in cement export revenue to US$8.96m in the first six months (July-December 2023) of FY23-24 from US$4.69m in the same six months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 22.1 per cent YoY rise in cement exports also surpassed the target of US$7.29m for 6MFY23-24. Bangladesh had set a higher target export revenue of US$15m for F... |
Indian port modified norms for handling imported limestone02 January 2024, Published under Cement NewsPorbandar Port has made some changes in handling raw materials for cement and other industries. Porbandar is a medium-sized port on India's west coast, in the Saurashtra region of Gujarat state, and is owned and operated by the state-owned Gujarat Maritime Board (GMB). An interim measure pending issuance of new guidelines, subject to periodic review, has set a minimum limestone cargo discharge rate from a vessel lying at berth at Porbandar Port at 7000tpd. This refers to Gujarat Maritime... |
Power Cement exports to the UK02 January 2024, Published under Cement NewsPower Cement of Pakistan has marked a significant milestone. It has successfully entered the European market by exporting its high-quality cement to the United Kingdom. This initiative demonstrates Power Cement’s commitment to global expansion and positions the company as a formidable force in the international construction materials arena and, notably, as the first Pakistani cement exporter to enter the UK market. Saifuddin A Khan, director of export marketing at Power Cement, expr... |
FOB discounts decrease but ARA discounts up29 December 2023, Published under Cement NewsCoal, along with oil fell to US$100 on 21 December 2023, and OPEC+ introduced new cuts to support oil at US$75-80. However, oil rose due to naval attacks in the Red Sea and trouble in the Suez Canal. Petcoke FOB contracts collapsed as freight rallied making CFR prices expensive.There was also a lack of interest from far destinations. The discount on FOB contracts increased but fell on ARA contracts. Petcoke discount falls (21 December 2023) Petcoke with 6.5 per cent S is exp... |
Carbon testing long-term uptrend support at EUR68 after breaking below EUR8027 December 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark As reported in ICR’s December 2023 issue the break of EUR80 could mean a larger shift in sentiment and this was clearly proven right. Pressured by lower oil, gas and coal prices, as well as continued subdued industrial demand the December 2023 contract has fallen to the major support around EUR68. In addition, financial players have been seen switching out of long positions and going short on a larger scale than before. However, it also nee... |