Cement News tagged under: trading
Pakistan's cement export volume rose amid lesser revenue in 2MFY24-2520 September 2024, Published under Cement NewsPakistan’s cement and clinker exports dropped by 16.9 per cent in the first two months of the current financial year 2024-25 to US$36.70m (992,026t) from US$39.64m (981,400t) in the same period of the previous year, as reported by the Pakistan Bureau of Statistics (PBS). In Pakistani rupee terms, export revenue saw a double-digit fall of 10.7 per cent to PKR10.22bn (US$37.6m). However, export volumes increased by 1.1 per cent YoY in the same period. The export growth trend from the previo... |
China to include cement in national carbon trading10 September 2024, Published under Cement NewsChina has announced its draft plan to expand the country’s carbon trading market by including cement as well as electrolytic aluminium and steel, seeking public feedback. The draft plan is a significant step in expanding the world’s largest carbon trading market as it currently only covers coal-fired power generation. It would increase the market’s coverage to ~60 per cent of the country’s total carbon emissions. The results of a comprehensive evaluation of seven sectors to assess their r... |
Sri Lanka slash duty on cement import09 September 2024, Published under Cement NewsTo facilitate uninterrupted imported cement and boost the construction industry, the Sri Lankan government announced that the cess imposed on imported cement was reduced by INR1 (US$0.01)/kg to extend relief to the construction industry. This levy reduction was in effect from 6 September, as notified by the Finance Ministry through local media. Specifically, the tax on artificially-coloured or white cement has been reduced from INR5 to INR4/kg. In contrast, the cess on cement imported in... |
Carbon market trades within range, falling back with equity markets30 August 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Following the French election the carbon market rose towards EUR71.50 and seemed to be back in the uptrend. However, the events in the financial markets dragged the prices downwards while at the same time increased short speculation combined with higher auctions from August added downward pressure. In addition, Hungary’s EU leadership did not prioritise the green transition, leading to nervous signals in the market. This resulted in the car... |
Turkmenistan targets Russia's Tartarstan for cement exports29 August 2024, Published under Cement NewsFollowing the start-up of two new 1Mta cement plants in Turkmenistan this year, the country's cement industry is now in a position to begin exports. The Lebap plant completed its second line and Baherden Cement also completed its second production line with KHD Humboldt equipment earlier this year. Both plants belong to the state enterprise Turkmen Cement . Turkmenistan's Minister of Finance and Economy, Serdar Jorayev, has announced that his country is looking to supply cement and o... |
Pakistan's July exports have negative trend?27 August 2024, Published under Cement NewsAccording to the Federal Bureau of Statistics (FBS), Pakistan’s cement industry has lesser cement and clinker exports in value and volume terms during the first month of the current financial year, July 2024 (July 2024-June 2025), MoM. The cement industry earned export revenues of US$14.49m by dispatching 403,225t of clinker and cement via land and sea compared to US$29.71m from 905,801 in June 2023. According to FBS, this represents a sharp MoM fall of 51.24 per cent in US dollar terms and ... |
Semen Indonesia International clinker exports to Taiwan up 80%21 August 2024, Published under Cement NewsPT Semen Indonesia International (SII) reported a significant increase in clinker exports to Taiwan in the first half of 2024. Clinker exports to Taiwan reached 0.564Mt, up 80 per cent YoY from 0.314Mt in the 1H23. The increase reflects the growing demand from Taiwan’s construction industry, which is increasingly reliant on Indonesian clinker. SII's President Director, Ridwansyah, stated that the rise in export volume to Taiwan is the result of hard work and collaboration among SIG, PT ... |
Sudden recession fear sends oil and equity markets lower – petcoke now offering higher discounts20 August 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The major equity market decline at the start of August, initiated by an interest rate increase to 0.25 per cent by the Bank of Japan, and followed by weak US employment numbers, suddenly turned the markets into fear of recession. The US Federal Reserve’s (Fed) indication that it will lower interest rates from September was suddenly seen as negative. It seems the market has forgotten that the Fed’s successful strategy to fight inflation is no l... |
Petcoke-coal discounts slip as coal prices drop but freight prices rise05 August 2024, Published under Cement NewsBy Frank O.Brannvoll, Brannvoll ApS, Denmark Petcoke prices have been slightly under pressure from higher freight prices but remain stable. Following a drop in coal prices, discounts have slipped and are back in the inexpensive end of the neutral zone. On 23 July 2024 the discount for 6.5 per cent sulphur petcoke FOB sold at US$64 is 52 per cent when compared with API4 coal sold at US$106 in the 3Q24. The CIF ARA 6.5 per cent petcoke contract sold at US$89 is at a discount of 34 per cen... |
Pakistan's bagged cement export revenue reaches US$266.51m in FY23-2425 July 2024, Published under Cement NewsPakistan’s cement and clinker exports increased by 40.4 per cent to US$266.51m in the FY23-24 (July 2023-June 2024), from US$189.87m in the FY22-23, according to Pakistan Bureau of Statistics (PBS) data. In Pakistani rupee terms, export revenue saw a significant growth of 57.8 per cent to PKR75.46bn during the period, sustained by the local currency’s stable competitive rates against the US dollar, improving margin in the international market against a lull in domestic demand. Export volumes... |