Cement News tagged under: trading
OPEC + surprise cut sends oil sharply higher, coal stable petcoke sliding sending discount back to neutral zone26 April 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The story of inflation and central bank rate hikes continues. Inflation figures from the US were at five per cent in March, awaiting another 0.25 per cent hike from the Federal Reserve. The European Central Bank is also expected to raise rates as inflation remains high due to EU sanctions keeping energy prices relatively high to 2021 before sanctions. While banking problems have increased the fear of recession, China’s post-COVID opening up... |
Pakistan's cement industry saw a mixed export revenue trend in 9MFY22-23 and March25 April 2023, Published under Cement NewsPakistan's cement industry saw a negative trend in export revenue on the back of a range of factors, including a slowdown in economic activity in Pakistan and overseas. According to the country’s Federal Bureau of Statistics (FBS), in the 9MFY22-23 the cement industry earned US$135.439m by exporting 2.91Mt of cement and clinker, compared with US$199.372m from 5.23Mt exports in the 9MFY21-22. This shows that exports slid by 32.1 per cent in value, and volumes were down by 44.4 per cent. In lo... |
APCMA releases mixed dispatches data for March 202306 April 2023, Published under Cement NewsTotal cement dispatches of Pakistan's cement mills in March 2023 were 3.795Mt against 5.01Mt in the previous fiscal year, representing a fall of 24.2 per cent. A spokesman of the All Pakistan Cement Manufacturers Association (APCMA) said that construction activities in both the northern and southern regions of the country have significantly decreased in recent months, which is not only creating an alarming situation for the industry but also drying up the employment opportunities f... |
Bangladesh cement exports surpass target by 20.7% in 9MFY2305 April 2023, Published under Cement NewsBangladesh has reported 48.7 per cent YoY growth in cement export revenue to US$9.68m in the 9MFY22-23 (July 2022-March 2023). This compares to US$6.51m in the same period a year earlier. The value of the target set for this period also saw a healthier growth of 20.7 per cent. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries. For th... |
GICA's cement and its Chlef plant obtain CE certification28 March 2023, Published under Cement NewsThe Chlef Cement plant and Entreprise des Ciments et Dérivés d'Echéliff ( ECDE ), affiliated to the Algerian Cement Industrial Complex Groupe Industriel des Ciments d'Algérie ( GICA ), has obtained the certificate of conformity to European standards (CE) for the cement it produces. The company produces Jika Biton (42.5 N) Jerry Portland cement, Jika Bunyan (32.5 N) Jerry Portland cement, Jica Achievements (52.5 N) Jerry Portland cement, Anti Gica (42.5 N-SR5) sulphate-resistant P... |
Pakistan cement earns US$117.69m during the 8MFY22-2321 March 2023, Published under Cement NewsPakistan's cement industry constantly saw a negative to mixed export revenue trend in the 8MFY22-23 (July 2022-February 2023), according to the country’s Federal Bureau of Statistics (FBS). The country's political and continued economic uncertainty, high business costs and cooling world economy have impacted overseas and local dispatches. Overall, a delay in loan disbursement also hurt the sentiments of cement and other industries. BMA Capital Management Ltd adds that it has been a challengi... |
ECDE exports 0.35Mt of clinker from Algeria17 March 2023, Published under Cement NewsAlgeria-based ECDE , part of the GICA group, has exported since the start of the year close to 350,000t of clinker from Algeria, according to ECDE CEO, Kada Dinar. GICA’s Chlef plant has three production lines with a total capacity of 4.2Mta. Shipments were delivered to countries in Europe, Africa and Latin America from the two ports of Tenès (Chlef) and Oran. This year, the company targets 2Mt of clinker exports, up from 1.5Mt of clinker last year. In addition the clinker exports, the ... |
Nepal exports 153,493t of cement to India in 7MFY22-2313 March 2023, Published under Cement NewsIn the 7MFY22-23 Nepal exported cement and clinker worth NPR167.03m (US$1.273m), reports Khabarhub. According to Nepal’s Department of Customs, over the seven-month period, 153,493t of cement were exported, with a value of NPR60.66m. Clinker exports came in at 151,158t, worth NPR106.38m. According to the government, two Nepali cement companies have been exporting product to India. These include Palpa Cement , which has been exporting cement under the ‘Tansen’ brand since July 2022, an... |
Bangladesh reports 50% increase in cement export revenue09 March 2023, Published under Cement NewsBangladesh has reported 49.7 per cent YoY growth in cement export revenue to US$8.13m in the 8MFY22-23 (July 2022-February 2023). This compares to US$5.43m in the same period a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure also includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries. For the full FY22-23, ending 31 June 2023, Bangladesh has set an cement export revenue target o... |
Very low petcoke discounts may lead to switch to coal08 March 2023, Published under Cement NewsThe price of a barrel of oil has returned to the lower end of the US$80-88 range. Gas prices were also down on the back of warm weather forecasts and the Turkey-Syria earthquakes, which are cooling demand. Coal prices continue to slip lower, along with other sources in the energy complex, as the fear of recession persists. The stable price of petcoke and very low discounts are expected to lead to fuel switches towards coal. The 6.5 per cent S petcoke FOB contract sold at US$137 while t... |