Cement News tagged under: trading
Ambuja and UltraTech win legal battle against electricity price hikes27 September 2022, Published under Cement NewsAmbuja Cements and UltraTech Cement are among a number of companies who have won a legal battle against electricity distribution entities in Rajasthan over an increase in cross-subsidy surcharges (CSS). According to The Hindu, the electricity distribution companies buy electricity direct from the power producers and pay the CSS, which is then used to supply power to poor and under-privileged customers. However, as stated in the Electricity Act 2003, the CSS should be “progressively re... |
Pakistan sees a mixed export trend between July and August20 September 2022, Published under Cement NewsPakistan's cement and clinker exports earned revenue of US$17.217m by dispatching 329,128t of cement and clinker overseas in the first two months (July-August) of the current financial year FY22-23 (July 2022-June 2023), compared to US$21.389m from 534,808t of exports in the year-ago period. Therefore, the sector saw a fall of 19.5 per cent in dollar terms and of 38.5 per cent in volume during the first two months of the export period. However, exports valued in Pakistani rupees rose by 9.8 ... |
Bangladesh cement exports rise 114% in July-August20 September 2022, Published under Cement NewsDuring the first two months - July and August – of FY22-23, Bangladesh cement exporters brought home an export revenue of US$1.65m on cement exports, which rose 114.29 per cent over the same months last year. The figure also includes a minor amount of salt, stone and related products, says the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh has set an export target for the cement industry at US$11m during the 12 months of the ongoing financial year, ending 31 June 2023, compared... |
Ethiopia introduces new cement price regulation19 September 2022, Published under Cement NewsEthiopia has announced a new cement price regulation to tackle the rising cost of cement products in the country. According to the Ethiopian Ministry of Trade and Regional Integration, the factory selling price for a quintal (100kg) of cement will now be between ETB510-683.44 (US$9.50-12.74). Cement factories in Ethiopia were initially asked to make price adjustments but the prices suggested were too high, prompting the ministry to establish a task force to study the production process and ... |
Indian cement prices forecast to rise12 September 2022, Published under Cement NewsCement companies in eastern India are expected to raise their cement prices in mid-September, according to the Financial Express. Other regions across the country are forecast to follow suit in early October as the monsoon season comes to an end and construction activity resumes. Cement producers have already increased prices by INR15-20/bag (US$018-0.25/bag), an uptick of 4-4.5 per cent MoM, in eastern and western India in the early part of September, but a further rise of INR15/bag is pred... |
Armenia reduces import duty for cement09 September 2022, Published under Cement NewsArmenia’s parliamentary committee on economic affairs has given the green light on a bill by ruling Civil Contract Party MP Babken Tunyan on the lowering of import duty on cement and abolishing import duties on clinker. If passed by parliament, the cement import duty will fall from AZD14,000 to AZD9000 while clinker import duties will no longer be levied. The new bill is expected to address the shortage of cement in the market. |
Oil down but coal rising again as gas prices advance02 September 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex is falling, led by oil, more interest hikes and the fear of recession. Oil prices are down due to lower demand expectations and a small increase in output by OPEC+. Meanwhile, the price of coal is rising again, driven by higher gas prices. API 4 coal costs now US$340. Russia continues to offer large discounts to non-sanction countries. High-quality coal is in demand in Europe, Colom... |
Indonesian cement and clinker exports decrease 36% in June29 August 2022, Published under Cement NewsTotal exports from Indonesia declined by 35.5 per cent in June 2022 as the country’s cement producers supplied 665,760t of cement and clinker to overseas destinations, according to the Indonesian cement association, ASI. In June 2021 exports reached 1,032,486t. Cement exports slipped by 2.1 per cent to 115,455t in June 2022 from 117,960t in June 2021 while clinker exports decreased by 39.8 per cent to 550,305t from 914,526 over the same period. January-June 2022 In the first six months ... |
Uzbekistan reduces imports by 25% in 7M2224 August 2022, Published under Cement NewsIn the January-July 2022 period Uzbekistan has imported 1.3Mt of cement, with a value of US$52.2m. In terms of volume, this represents a 24.5 per cent YoY drop from 1.721Mt in the 7M21, reports Asia-Plus. Of this total, 533,000t was exported by Tajikistan, which is the largest importer into Uzbekistan. Other sizeable volumes originated in Kyrgyzstan (385,000t) and Kazakhstan (353,000t). Turkmenistan imported 11,500t, while Iran supplied 6700t and China 1400t. Russia delivered 782t. Tajik... |
Carbon prices reflect demand destruction but kept up by increased coal consumption, awaiting new regulation24 August 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices tested the downside, due to fear of demand destruction and potential closing of production sites as a consequence of the lower gas deliveries. In addition to inflation, higher interest rates may dampen demand. However, in the short-term coal production has been increasing and several countries will reopen coal plants and even diesel is being used, increasing the demand for EUAs. Traders sold out when the price broke support a... |