Cement News tagged under: cement consumption

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PT Indocement

01 November 2017, Published under Cement News

Despite an announcement on 26 October by the Indonesian government of an infrastructure budget in 2018 of IDR410.7trn (US$30.2bn), 2.39 per cent higher than 2016, shares in PT Indocement lost 4.69 per cent, after rising by 12.6 per cent the day before. According to some analysts, although the announcement is expected to benefit the country’s construction and banking sectors in particular, there are concerns over how it will be funded. The news also comes hot on the heels of the World Bank...

Vietnam's cement and clinker consumption rises in 9M17

17 October 2017, Published under Cement News

The total consumption of cement and clinker from Vietnam cement producers grew six per cent to 59.27Mt in the first nine months of this year, reports the Ministry of Construction. Consumption in the domestic market was estimated at 45.28Mt, four per cent higher than the same period last year, including 18.9Mt sold by the Vietnam Cement Industry Corporation. The cement industry also exported about 13.99Mt, nearly completing the milestone annual export target of 14-15Mt, despite fierce c...

PCA updates US annual cement consumption forecast

06 October 2017, Published under Cement News

Portland Cement Association's (PCA) Market Intelligence Group has forecast annual cement consumption to climb in the USA by 2.6 per cent during 2017 and 2.8 per cent in 2018. The updated forecast adjusts downward PCA projections released earlier this year. Bad weather and lower than anticipated budgets for the public construction sector are among the factors that have prompted the adoption of a more modest growth outlook.
 
 "Once infrastructure and tax reform initiatives take hold and aff...

Vietnamese market grows 6% YoY in 9M17

27 September 2017, Published under Cement News

Vietnamese cement producers sold an estimated 59.27Mt of cement in the first nine months of this year, according to the country’s Ministry of Construction. This represents a six per cent YoY rise and 74 per cent of its 2017 target. Around 45.28Mt of cement were sold in the domestic market, which expanded by four per cent YoY. Some 13.99Mt were exported. In September, domestic sales remained stable YoY at 5.2Mt with exports reported to reach 1.45Mt.

Floods and sand shortages force cement price cut in northern India

15 September 2017, Published under Cement News

Cement producers in northern India are forced to cut cement prices by INR2-3 (US$0.01-0.03)/50kg bag every week due to lower demand, particularly in flood-prone states such Uttar Pradesh, Bihar and West Bengal as an acute sand shortage hits the market. Due to floods, sand recovery is not possible and in Uttar Pradesh, sand mining is completely banned, according to one official quoted in My Digital FC. In addition, the heavy rains in eastern Uttar Pradesh, Bihar and West Bengal have impact...

PT Indocement

30 August 2017, Published under Cement News

Cement consumption in Indonesia advanced by 56 per cent YoY in July 2017, rising from 3.8Mt to 5.9Mt, according to figures from the Indonesian Cement Association. Domestic consumption improved by an almost identical 56 per cent, jumping from 3.6Mt in July 2016 to 5.6Mt in the same month a year later. Jakarta saw the biggest rise with a 96.2 per cent advance to 374,744t in July, closely followed by Banten with a 90 per cent increase to 247,352t. Java as a whole saw its cement consumption i...

Cement demand in Honduras to rise 6% in 2017

30 June 2017, Published under Cement News

Cement demand in Honduras is expected to rise by six per cent YoY in 2017 due to strong demand from road projects and housing. “Cement consumption this year is expected to peak, I believe it will reach around 50m bags,when compared with last year, when 44m of bags were used. This year we will have a record consumption in the country’s modern history,” said the Vice President of the Honduran Council of Private Enterprise (COHEP), Juan Carlos Sikafi. The Honduran central bank, BCH, pred...

US infrastructure hopes

09 June 2017, Published under Cement News

US President Donald Trump earlier this week outlined his trillion-dollar infrastructure plan that aims to once again make the country a nation of "builders" by giving states and localities the ability to address their own critical infrastructure needs, reducing the wait time for the approval of projects and partnering with the private sector. Speaking in Cincinnati, Ohio, on Wednesday, President Trump has dedicated US$200bn in his budget to spur at least an additional US$800bn in spending ...

Argentine cement demand sees 12% rise

08 May 2017, Published under Cement News

Argentina saw a 18.1 per cent MoM drop to 845,690t in dispatches (including exports) in April but noted a 10.7 per cent rise YoY, according to the country’s Portland Cement Manufacturers’ Association. Domestic deliveries fell by 184,000t or 17.8 per cent to 844,324t when compared with March, despite a rebound in the first few months of the year, supported by private and public works. However, when compared with April 2016, the domestic market expanded by 11.6 per cent. Exports were dow...

Spanish demand jumps 22% YoY in March

21 April 2017, Published under Cement News

Cement consumption in Spain soared 21.5 per cent YoY in March to 1.1Mt as the housing sector showed some recovery, according to Oficemen, the country’s cement association. In 1Q17 Spanish cement demand increased 14.1 per cent YoY to 2.86Mt, resulting in the best first quarter of the last five years. At the end of last year, consumption fell 3.1 per cent YoY and was at an historical low. These data are being met with "optimism", but with "caution", given the "absolute low starting valu...