Cement News tagged under: Trading

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CARBON: New records – now targeting €100 following increased physical and financial demand

21 December 2021, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark   Before its expiry day, the EUA December 2021 contract reached a stunning EUR91.50 all-time high, less than 10 per cent from EUR100, a number only joked about three months ago. An increased demand due to coal being by far the cheapest fossil fuel and speculators pouring in, as mentioned in previous reports, cut through resistance points at EUR75 and EUR80. Speculators have been looking towards EUR80-100 and a 10 per cent profit taking too...

UltraTech Cement begins operations at Navi Mumbai terminal

20 December 2021, Published under Cement News

India’s UltraTech Cement has begun operations at its bulk terminal in Kalamboli, Navi Mumbai. As the company’s 7th bulk terminal, it has a 1.2Mta capacity and is expected to strengthen its bulk cement sales in the region. Cement will be brought in bulk rakes to this terminal from UltraTech’s manufacturing units at Solapur, Maharashtra, and Malkhed, Karnataka. This will effectively help in reducing the freight cost, with an increase in the usage of rail transportation.

Tokyo Cement commissions new terminal capacity

20 December 2021, Published under Cement News

Sri Lanka’s Tokyo Cement has commissioned operations at its expanded Colombo terminal, following a LKR2.5bn (US$12.35m) investment. The capacity upgrade will fully come online when all three new cement storage silos, each with a capacity of 6000t, become operational, according to Daily News. The expansion will increase the company’s total bulk cement imports from 600,000tpa to over 1Mta.

After sharp falls in oil and coal, Omicron fears fading – petcoke down but with coal slowly higher, discounts return to positive

17 December 2021, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The euro broke lower due to hawkish talk from the US Federal Reserve of higher yields in 2022. There is a range of US$1.12-1.16 expected in 2022, but the euro is likely move towards US$1.18. The Turkish lira saw a 47 per cent collapse from TRY9.75 to TRY14.40 in four weeks due to the new policy of negative real rates, making fuels substantially more expensive for Turkish cement makers. Table 1: Prices at a glance ...

TCL increases cement prices by 15%

14 December 2021, Published under Cement News

Trinidad Cement Ltd (Cemex group) has announced an ex-factory cement price increase of approximately 15 per cent. The price increase becomes effective on 20 December 2021. TCL said: “We have been absorbing rising input costs for a long time and are now unable to continue to maintain our prices. The main attributing cost factors are natural gas, imported spares ad other raw materials that go into the manufacturing the highest quality cement brands, which you represent. "We assure you th...

Philippines opens investigation on Vietnamese anti-dumping

13 December 2021, Published under Cement News

The Philippines' Tariff Commission has started its investigation into the merits of imposing a definitive anti-dumping duty on cement imports. The commission commenced a formal investigation on 9 December following a request from the Department of Trade and Industry. A preliminary conference is scheduled for 20 December as part of the investigation. “Matters for discussion include the timelines, nature of investigation, appearance of counsel and parties, number of witnesses, notification, ...

South Khorasan exports US$7.2m in 7MFY21-22

08 December 2021, Published under Cement News

Iran’s South Khorasan province exported cement to a value of US$7.209m in the first seven months of the Iranian calendar year (March 2021-October 2022), according to Hamed Hassan-Nejad, deputy head of the province’s Industry, Mining and Trade Department. During this period 276,795t of cement was exported to Afghanistan and Iraq. South Khorasan province has two cement plants, which produced a total of 802,000t of cement in the 7MFY21-22.

Arabian Cement exports advance 49%

07 December 2021, Published under Cement News

Egypt-based Arabian Cement Co exports increased by 49 per cent YoY in the January-October 2021 period, according to Sergio Alcantarilla, the company’s CEO. Export destinations during this time included Libya, Spain, Sudan, the USA and Yemen. Arabian Cement posted a consolidated net loss of EGP23.21m (US$27,1844) in the 9M21, compared to EGP39.77m in the 9M20.

Arabian Cement exports advance 49%

07 December 2021, Published under Cement News

Egypt-based Arabian Cement Co exports increased by 49 per cent YoY in the January-October 2021 period, according to Sergio Alcantarilla, the company’s CEO. Export destinations during this time included Libya, Spain, Sudan, the USA and Yemen. Arabian Cement posted a consolidated net loss of EGP23.21m (US$27,1844) in the 9M21, compared to EGP39.77m in the 9M20.

DTI increases anti-dumping duties on Vietnamese imports

06 December 2021, Published under Cement News

The Department of Trade and Industry (DTI) has slapped provisional anti-dumping duties as high as 32 per cent on specific Portland cement brands from Vietnam to the Philippines, as these were found to be causing "serious injury" to local cement manufacturers. In a statement on Sunday, the DTI said a preliminary determination showed that nine out of 16 Vietnamese exporters of Type 1 cement and four out of 12 exporters of Type 1P cement have been dumping cement in the Philippines. T...