Cement News tagged under: cement consumption
PCA warns US cement consumption will take time to recover04 March 2021, Published under Cement NewsThe PCA's Market Intelligence Group announced its February outlook on the economy and cement consumption in the US. It stated that COVID-19 is expected to remain an elevated drag on the economic recovery as consumer spending is cautious and accounts for two-thirds of every US dollar generated in US GDP. While COVID-19 relief programmes have prevented the US economy slipping further, by themselves they are not expected to generate growth. US vaccine supply will be at its highest in the ... |
PCA releases winter US regional cement consumption forecasts03 March 2021, Published under Cement NewsThe PCA Market Intelligence Group has released its cement consumption and construction spending forecasts in the USA. Northeast The Northeast has been hit hard by COVID-19, leading to cement consumption declining by a projected 0.6 per cent in 2020 and PCA Market Intelligence projects further decline in 2021 by nearly one per cent. The Middle Atlantic was down nearly four per cent in 2020. However, the East North Central and New England were up 0.7 and 2.8 per cent, respectively.... |
PCA releases new 2021 US cement consumption forecast04 February 2021, Published under Cement NewsThe Market Intelligence Group at the Portland Cement Association (PCA) recently released a webinar explaining adjustments to its winter cement consumption forecast. Ed Sullivan, PCA's senior vice president and chief economist, predicted robust economic recovery accompanying a widespread vaccination rollout, which now may be delayed a full quarter or more. This assessment reflects PCA’s knowledge of US vaccine supply. If this assessment is correct, slower-than-expected economic activity... |
Indonesia's cement sales fall 10% in 202021 January 2021, Published under Cement NewsIndonesia's 2020 domestic cement sales were recorded at 62.7Mt. The Indonesian Cement Association (ASI) reports the sales represent a fall by 10.4 per cent from 2019 sales of 70Mt, the lowest growth in 10 years. The highest number of domestic cement sales in 2020 occurred in October at 6.2Mt, while the lowest sales occurred in May of 3.2Mt. By December 2020, both monthly and yearly, sales on all islands contracted. Bank Mandiri's research team recorded the deepest contraction in... |
Egypt sees demand rise 10% MoM28 October 2020, Published under Cement NewsEgypt saw total cement sales decline 12.5 per cent YoY to 3.8Mt, including exports, in September, according to Daily News. However, this represents a 10 per cent increase MoM and is the highest monthly cement demand since April 2020. The average industry utilisation rate stood at around 56 per cent in September. Sinai Cement was the best performer in terms of volumes, which increased three per cent YoY. Suez Cement reported sales of 617,000t, up 28 per cent MoM, while Arabian Cement sa... |
Kenya cement consumption sees 8M20 record high13 October 2020, Published under Cement NewsKenya's cement consumption for the 8M20 has hit a decade-high of 4.37Mt, according to the Kenya National Bureau of Statistics. Consumption rose by 11 per cent form the 3.95Mt recorded in the same period a year earlier. Kenyan cement consumption has not passed 4.18Mt since 2016 and the rise in 2020 comes during the disruptions of COVID-19. Small-scale construction projects were largely unaffected in Kenya by the pandemic and restrictions imposed in March 2020. Cement consumption in J... |
Brazil sees robust cement consumption growth in September12 October 2020, Published under Cement NewsCement sales in Brazil saw a 21.4 per cent hike to 5.8Mt in September 2020 when compared with September 2019, according to SNIC, the country’s cement association. Sales per working day were 250,500t, up 18.5 per cent YoY and 2.5 per cent MoM. The key market of the southeast showed a 17 per cent YoY uptake in sales to 2.67Mt while in the northeast, the country’s second-largest cement market, sales were up 30.1 per cent to 1.229Mt. In the south deliveries were up 15.3 per cent YoY to 884,00... |
PCA's US cement consumption regional forecast review21 August 2020, Published under Cement NewsThis week ICR looks at the regional briefings that the Portland Cement Association (PCA) has given for the economic and cement demand outlook in the USA, following COVID-19. Western region Brian Schmidt, PCA Regional Economist for the western USA, reported that both the Rocky Mountain (RM) and Pacific divisions have been hit hard by a fall in construction work. April cement consumption for Washington was down over 40 per cent, after Governor Jay Inslee announced in March that construction... |
Bangladesh: overcoming industry pressures20 July 2020, Published under Cement NewsCement demand in Bangladesh has been growing fast and potential is strong. However, in 2019 producers faced a number of setbacks, added to which now is the COVID-19 impact. By EBL Securities Ltd, Bangladesh. Although a booming sector with great potential, a number of challenges remain for the cement producers in Bangladesh From unfavourable tax measures to escalating raw material prices, intensified competition, price wars, the weakening taka (BDT), slowing demand and increas... |
Pakistan dispatches drop in May, slip in 11MFY19-2004 June 2020, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) released local/overseas dispatches data for May and the 11MFY19-20. May 2020 Total cement dispatches (domestic + export volumes) were only 2.63Mt in May 2020 against 4.12Mt in May 2019 representing a 36.1 per cent drop. The decline in cement dispatches is mainly due to Ramzan, COVID-19 and Eid holidays, which slow the construction activity. Domestic cement consumption in the north was 2Mt in May 2020 against 3.05Mt in May 2019. Con... |