Cement News tagged under: trading
Cement exports and production fall during 5MFY23 and 4MFY2319 December 2022, Published under Cement NewsPakistan's cement industry export revenue in the first five months of FY22-23 (July-November 2022) drastically fell on account of value and volumes, leading to reduced export earnings on YoY and MoM basis, according to the country’s Federal Bureau of Statistics (FBS). The production also contracted during the first four months of the current financial year. During the 5MFY22-23, the cement industry earned US$76.87m by exporting 1.547Mt of cement and clinker, compared with US$115.99m from ... |
Cement and clinker imports into US increase 43% in September as market expands12 December 2022, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico increased by 5.7 per cent YoY to 10.3Mt in September 2022, according to the US Geological Survey (USGS). The top five cement-consuming states were Texas, California, Florida, Illinois and Ohio, which together accounted for 36.5 per cent of total cement consumption in the US in September. The leading Portland and blended cement-producing states in September were Texas, Missouri, California, Michiga... |
Iran sees 4% increase in cement exports08 December 2022, Published under Cement NewsIran exported 7.6Mt of cement in the first seven months of the current Iranian calendar year (March 2021-October 2022), according to data from the Iranian Industry, Mining and Trade Ministry. This marks a four per cent increase on the same period a year earlier. In total last year, Iran exported 14.4Mt of cement, putting it in fourth place among the world’s leading cement exporters. Meanwhile, 2021 saw Iran produce 63Mt of cement, making it the seventh biggest cement producer in the world... |
Pakistan cement dispatches contract in November and 5MFY2306 December 2022, Published under Cement NewsPakistan's cement industry has recorded a YoY contraction of 16.82 per cent during November and 21.78 per cent in five months (July – November 2022) of the current FY2022-23. Cement dispatches/sales were disrupted due to a host of factors, including increased fuel prices, overall economic slowdown, flood impacts in the southern region, political unrest and multiple hikes in interest rates. The government increased interest rates last week by one per cent to 16 per cent. This will also dent... |
Bangladesh's cement export revenue totals US$3.67m in 5MFY2306 December 2022, Published under Cement NewsDuring the first five months (July and November) of FY22-23 (July-June), Bangladesh's cement industry earned export revenue of US$3.67m on the export of cement mostly to Asian countries, compared to US$3.36m in the same five months last year. This translates to growth of 9.23 per cent YoY, but marks a shortfall of 11.14 per cent to meet the target of US$4.13m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the... |
Petcoke prices stable with lower discounts02 December 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, coal prices are rising due to supply disruptions and a colder winter in Europe. Russian discounts are still in place but reflect the rising costs of Russian producers. Oil is falling on fears of a new Chinese lockdown and demand destruction in the EU leading to lower growth. Steam coal and petcoke prices FOB Petcoke prices are stable as buyers from China and India are on hold, and discounts ... |
CMA suspends trading of shares in Raysut Cement28 November 2022, Published under Cement NewsThe Capital Market Authority (CMA) has suspended the trading of shares in Oman-based Raysut Cement SAOG after material misrepresentations were spotted in the company’s unaudited financial reports for the second quarter of 2022, published on 10 November 2022. According to the Oman Daily Observer, the misrepresentations were picked up during an audit of the results as they were inconsistent with international accounting standards and therefore the results do not reflect the real financial... |
EUA prices consolidate at higher level awaiting policy decisions28 November 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The increase in fossil fuels use for power generation is keeping the demand for EUAs relatively high. However, a mild winter start and a falling energy complex temper this trend. Therefore, a rally above EUR80 is not expected in the short term as an economic slowdown is expected to lead to demand destruction. Speculators have reduced their presence in terms of size and more short positions have been seen. The market is now awaiting politica... |
Energy complex under interest rate pressure – coal falls sharply on lower demand while petcoke stable and discount neutral25 November 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Leading central banks raised rates again by 0.75 per cent, with promises of more to come as inflation is persistent as sanctions are still keeping energy prices artificially high in Europe. The EU has not agreed on any common measures as these are very hard to introduce in a free market. However, the threat of demand destruction combined with a warm start to the winter has put pressure on the overall energy complex. Gas prices have been fal... |
Vicem signs agreement to export 6Mt to the Philippines25 November 2022, Published under Cement NewsVietnam Cement Industry Corp (Vicem) has signed an agreement with Fenix (CEZA) International Inc and Gold Falcon Trading Corporation to export 6Mt of cement and clinker to the Philippines in 2023-25, reports Vietnam News Brief Service. Vicem currently operates 10 cement plants with a total production capacity of over 25Mta of cement and 21Mta of clinker. Its sales reportedly account for almost 33 per cent of Vietnam’s total cement and clinker sales and 23 per cent of its exports. Eac... |