Cement News tagged under: cement demand

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Spain sees demand fall 3.4% in September

14 October 2016, Published under Cement News

Spanish cement consumption contracted 3.4 per cent in September to reach 973,047t, according to the country’s cement organisation, Oficemen. In the January-September 2016 period demand slipped 2.9 per cent to 8.4Mta. Oficemen CEO, Aniceto Zaragoza, has insisted that the situation remains “very delicate” for the sector and he does not expect the situation to change in the next few months. The association emphasised that investment recovery in infrastructure should be a political priorit...

China: Anhui Conch most shorted stock amid economic concerns

07 October 2016, Published under Cement News

Shares in Anhui Conch have become the most shorted on the Hong Kong stock exchange as doubts grow over the sustainability of China’s property boom, Bloomberg reports. Disagreements over the future path of the Chinese property sector have led to Anhui’s shares being shorted at a level five times higher than was the case earlier in the year. While some investors are betting that a cooling property market will bring down the cement firm’s share price, other analysts think the company’s prosp...

Pakistan: cement sales rise by 3.6% in September

07 October 2016, Published under Cement News

The All Pakistan Cement Manufacturers Association (APCMA) has announced that cement sales in the month of September rose by 3.55 per cent, reports the Tribune Newspaper. While domestic demand was relatively stable – accounting for around two per cent of the growth – exports, particularly to India, played a key role in sales growth. The APCMA recorded domestic dispatches rose two per cent YoY to 2.54Mt, while exports grew by 11.8 per cent to 0.52Mt. The Association said that a new prope...

India prepares for the upturn

03 October 2016, Published under Cement News

After a strong first quarter, India’s cement demand experienced a setback in April and May. However, monsoon preparations helped the market recover in the following month and the outlook following a good monsoon is positive. Share prices of all Indian cement majors are hitting an all-time high on the stock exchanges, including Mumbai (pictured) as demand for cement looks set to grow by 6-7 per cent in 2016 [Copyright: Big Rolo Images] Following strong growth in the Jan-Mar...

USA: Lafarge to part-close Joppa plant

15 September 2016, Published under Cement News

Lafarge North America has announced it is to close one of the two kiln lines at its Joppa plant in southern Illinois and lay off about 40 workers. The move, reported by local media, has been attributed to weakening demand. A spokesperson for Lafarge said that the cement market had not grown according to its expectations and thus the firm would scale back production. In May 2016 Lafarge scrapped plans to add an extra kiln line at Joppa on the grounds that the two currently in operation ...

Ghana: recovery anticipated after cement sales fall 3.1% in 2015

14 September 2016, Published under Cement News

The Business & Financial Times reports that domestic cement sales in Ghana fell to 4.13Mt in 2015, down by 3.1 per cent on the previous year. Cement imports reached 2.62Mt, up 6.2 per cent on 2014. The decline was not due to falling demand but instead reflects the ongoing issues with electricity supply, that has disrupted production. The newspaper quotes sources at two of the domestic producers who noted that production recovered as politicians moved to improve electricity supplies ahe...

Kazakhstan: Steppe Cement 1H loss falls in dollar terms

14 September 2016, Published under Cement News

Steppe Cement has published its financial results for the first six months of 2016. Losses in dollar terms fell to US$1.5m from US$2.2m in the same period in 2015. However, due to a revaluation of the tenge, losses in the company’s operating currency rose from KZT407m (US$1.2m) in 1H2015 to KZT517.5m in 1H2016. Turnover fell by 1.1 per cent to KZT8.2bn, but sales rose 6.1 per cent in volume terms to 0.76Mt. Revenues were hit by a fall in prices, which were down 9.1 per cent to KZT8781/t, ...

Northern India prices rebound as demand strengthens

30 August 2016, Published under Cement News

Cement prices in northern India have risen by around 25 per cent YoY in the period April-July 2016, driven by rising demand, according to the Economic Times. This performance stands in contrast to other regions, where prices have either remained stable or fallen slightly. In the north, prices stood at INR305-345/bag (US$4.55-5.14), up on the same period last year and also higher than the INR225-240 seen in January 2016. Sabyasachi Majumdar, senior vice president, ICRA Ratings, said, “W...

Argentina's cement demand down 20.7%

09 August 2016, Published under Cement News

In July Argentina's cement demand fell 20.7 per cent YoY from 1,069,622t in July 2015 to 847,684t and slipped 1.1 per cent from the 857,525t recorded in June, according to the country cement association, AFCP. Exports also decreased from 4140t in July 2015 to 3696t one year later. Compared with June 2016, they dropped 26.4 per cent. In the year to date, domestic cement consumption declined 15.2 per cent from 6,946,742t in Jan-Jul 2015 to 5,889,665t in the first seven months of 2016. Argen...

Pakistan: CPEC to generate 3Mta demand

09 August 2016, Published under Cement News

Pakistan’s cement industry will experience growth thanks to the commencement of construction projects under the China-Pakistan Economic Corridor (CPEC).  Experts have suggested that the projects will generate an additional cement demand of between 1.5-3Mta for Pakistan. In the first half of this financial year, local dispatches showed a growth of 16 per cent YoY to 15.2Mt. Local dispatches are expected to grow a further 15 per cent YoY in the second half of the financial year, reaching...