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A 24% fall in Pakistan cement exports in July 2023

22 August 2023, Published under Cement News

Pakistan began the FY23-24 (July 2023-June 2024) by registering lower cement and clinker exports in value and volume terms, with sea exports declining. While reviewing the monthly trends between the southern and northern regions, Usama Rauf, an investment analyst at AKD Securities, observes that exports have fallen in the south, primarily due to coal procurement challenges. This has led companies in this region to focus on the local market. The higher local retention prices have further ince...

Pakistan started with a massive growth in cement dispatches in 1MFY23-24

07 August 2023, Published under Cement News

Pakistan recorded a considerable growth of 57.4 per cent in cement dispatches in July 2023, when total cement dispatches totalled 3.21Mt against 2.04Mt dispatched in July 2022. According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches by the industry in July 2023 were 2.78Mt compared to 1.89Mt in July 2022, showing an increase of 47.2 per cent. Export dispatches increased by 183.9 per cent as the volumes increased from 153,517t in J...

Bangladesh sets a target export revenue of US$15m in FY23-24

07 August 2023, Published under Cement News

Bangladesh had set a higher target export revenue of US$15m against US$13.66m earned in the last fiscal year of FY22-23. The encouraging figure/trend of July 2023 would lead the target, experts reported.   Bangladesh has achieved 104.2 per cent YoY growth in cement export revenue to US$1.47m in the first month of FY23-24 (July 2023-June 2024). This compares to US$0.72m in the same month a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor...

Rising energy price may dent cement business in Pakistan

03 August 2023, Published under Cement News

Pakistan's government increased the fuel price in the country on 1 August 2023. Two influential trade organisations, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and the Korangi Association of Trade and Industry (KATI), strongly opposed the recent increase in petrol prices, calling for its immediate withdrawal. An increase in transport costs would spike the cement industry's dispatches and raw material transportation costs.  FPCCI President, Irfan Iqbal Sheikh, has s...

Petcoke continues rally with discounts into neutral zone

03 August 2023, Published under Cement News

by Frank O. Brannvoll, Brannvoll ApS, Denmark Coal rallied from US$100, driven by the energy complex as oil broke through the US$80 barrier following new cuts by OPEC+ in July 2023. Meanwhile, petcoke continues its rally after hitting the major support of US$65, and reached its target of US$85. At US$88, is now close to resistance at US$90 with discounts to coal falling sharply into the neutral zone. Further points of resistance are US$95, US$105, US$115 and US$135. Support is at US$85,...

East Africa Portland Cement is ready to tap domestic market

02 August 2023, Published under Cement News

East Africa Portland Cement Co Plc and its Athi-River plant is set to expand its clinker production to serve the domestic market after the government imposed a 17 per cent duty on imported clinker. According to Managing Director, Oliver Kirubai, the cement maker has drawn a road map for its revival and has realised improved production by 25 per cent as of September 2022. The increase in production was informed by the first phase of refurbishing the plant, increasing efficiency and cut...

Reassessment of raw materials import value demanded

28 July 2023, Published under Cement News

The Bangladesh Cement Manufacturers Association (BCMA) has urged the government to revisit the assessment value of three raw materials (cement clinker, granulated slag and gypsum) as their prices have fallen in international markets. They asked that the assessment value of cement clinker be reduced from US$60 to US$50t, granulated slag from US$30 to US$26t and gypsum from US$35 to $30t, the BCMA said in a letter to the Chattogram Custom House recently. According to the National Board o...

Cement exports from Nepal pick up

26 July 2023, Published under Cement News

Nepal exported cement representing a value of NPR779.3m (US$5.9m) in the FY22-23, supported by the government’s provision of a cash subsidy on cement exports. The country’s government provided up to eight per cent cash subsidy in addition to 2-15 per cent subsidy on electricity costs. Three domestic cement producers – Palpa Cement Industries Pvt Ltd , Arghakhachi Cement Ltd and Balaji Cement Industries –  exported more than 1.04Mt of cement to India in the FY22-23, including 607,073t ...

EUA falls sharply pressured by gas and coal prices

25 July 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Still no fundamental or political news in the carbon market. The EUA prices followed the general market upwards and rallied from major support at EUR77 to EUR92 and now back in the middle EUR86. In August the auctions will be lower than previous months, which may bring some support to the market. In the EU manufacturers and households have seen demand destruction and savings on power demand, and as consumption has been lower, reducing the ...

Pakistan cement earns an export revenue of US$190m in FY23 (July -June)

24 July 2023, Published under Cement News

Pakistan's cement industry saw a negative growth in exports in FY22-23 (ended 30 June 2023). Value and quantity were both down during this period. Pakistan cement industry's export earnings in FY22-23 ( ended 30 June 2023 ) amounted to US$190m, with 4.248Mt of cement and clinker exported worldwide, based on the latest Federal Bureau of Statistics (FBS) data. This represents a contraction from the previous year's earnings of US$224m and 5.733Mt exports, indicating a decline of 15.2 per c...