Cement News from International Cement Review
Pakistan cement dispatches witness 26% drop in August
Total cement dispatches in Pakistan declined by 25.7 per cent to 3.37Mt in August 2024 when compared with 4.53Mt in August 2023. According to the All Pakistan Cement Manufacturers Association (APCMA), domestic dispatches fell by 27.6 per cent to 2.75Mt in August 2023 from 3.8Mt in the year-ago period. Total exports were also down, by 16 per cent, with volumes decreasing to 613,857t from 730,...
Senegal's market expands 17% in July
Cement sales in Senegal increased by 17.4 per cent in July 2024 to 672,700t when compared with 573,200t in July 2023, according to Senegal's Planning and Economic Study Directorate. Domestic production advanced by 15.8 per cent YoY to 823,200t from 711,000t in July 2023. Of this total, cement plants exported 167,900t of their output, up 17.9 per cent YoY when compared with exports of 142,400...
Sri Lanka slash duty on cement import
To 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-coloure...
- Carbon market trades within range, falling back with equity markets
- Turkmenistan targets Russia's Tartarstan for cement exports
- Pakistan's July exports have negative trend?
- Semen Indonesia International clinker exports to Taiwan up 80%
- Sudden recession fear sends oil and equity markets lower – petcoke now offering higher discounts
Supramax freight rates held at high levels, as demand/supply ratio balanced itself
By Brannvoll ApS, Denmark The USG Supramax spot freight market remained firm as demand stayed healthy, especially for transatlantic trips. Closer to the end of the month, rates stabilised as the region appeared quite balanced. Despite the demand/supply equilibrium, the sentiment turned somehow uncertain, but rates maintained the achieved levels. upramax freight rates for petcoke f...
- Healthy demand lifts USG Supramax freight market
- Supramax rates for USG shipments stay under pressure from limited demand
- USG Supramax/Ultramax shows stable market fundamentals
- Limited USGC demand for Supramax/Ultramax shipments leads to rate cuts by owners
- USG Supramax rates seeing end-of-month decrease