Cement News tagged: Trading
Fancesa signs agreement to export to Paraguay
Bolivia-based Fábrica Nacional de Cemento SA (Fancesa) and a Paraguayan construction company reached an agreement to export cement to the South American country. The cement producer will initially ship 20,000 bags per month but as demand in Paraguay advances, will increase its export volumes. All shipments are subject to the requirements of the Paraguayan Institute in terms of resistance, ...
Venezuela to export to Caribbean
Venezuela’s president, Nicolás Maduro Moros, has approved the Cement Export Plan 2022 as part of the country’s aim to diversify its economy. The plan also foresees the export of cement to the Caribbean for the first time. "For the first time, Venezuela will export cement to the Caribbean," President Maduro reported when instructing the Executive Vice President, Delcy Rodríguez, to investigat...
Lafarge Algeria hits 2Mt export record
Lafarge Algeria, part of the Holcim group, has exported 2Mta of cement and clinker for the first time, according to a company press release. The company achieved the volume less than five years after the start of cement exports from Algeria. The 2Mta volume represents a considerable increase from the 1.2Mt of exports achieved in 2020 and puts the company firmly on the way to its 2.5Mt target...
Bangladesh's cement industry export revenue dips in 03MF22
Bangladesh's cement industry has earned export revenue of US$1.59m in the first quarter of FY22 (July – Sept ), compared to US$1.81m in the year-ago period, a fall of 12.2 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh exports 90 per cent of its cement to India. Experts ...
Vietnamese exports slip to 5.2Mt in September
Cement and clinker exports from Vietnam decreased 1.6 per cent to 5,232,812t in September 2021 from 5,320,173t in September 2020. Clinker exports were down 11 per cent to 3,838,040t when compared with September 2020 while cement exports noted a 54 per cent drop to 1,384,772t, said the Vietnam National Cement Association (VNCA). When compared with August 2021, clinker and cement exports advance...
Carbon at new steady high, but European prices turmoil drive new debate of intervention in power markets
By Frank O. Brannvoll, Brannvoll ApS, Denmark As usual, the carbon market set a new all-time high at EUR66 before falling 10 per cent to the current EUR60, five per cent lower than reported in ICR’s previous issue. EUA front-year contract, January 2020-September 2021 A fundamental demand for EUA was seen as several coal-powered plants were put online, driven by higher gas price...
Pakistan: 3MFY2021-21 exports mixed
Pakistan's Federal Bureau of Statistics (FBS) has released cement and clinker export data for the first quarter (July-September) of FY2021-22. Both value and quantity of exports slid during this period on a cumulative basis compared with the equivalent months in FY20-21, but growth was recorded MoM. Between July-September 2021, Pakistan's cement industry earned US$55.2m of export revenue...
HC Trading Americas opens Miami office and appoints General Director of Trading
HC Trading Americas, LLC has a new office in Miami HC Trading Americas, LLC has recently started its operations in Miami, USA. From this location, North, Central and South America are served for all cement, solid fuels and associated raw materials. Andrew Preston joined the company as of 27 September 2021 as General Director of Trading for Americas and he leads the t...
CEMBUREAU discusses Europe's future for cement
C EMBUREAU held its 'Cementing Europe's future: Action through policy' webinar on 12 October 2021 . Two panel discussions looked at whether the cement industry was Fit for 55 per cent carbon reduction by 2030 and the carbon-neutral built environment and the role of concrete with in it. Isidoro Miranda, CEO of Holcim Spain and C EMBUREAU president, opened the meeting stating that the "ce...
WT to import 50,000t of cement into Jamaica
Jamaica’s Ministry of Industry, Investment and Commerce has granted an import licence to WT Ltd, which trades under the name of Growth Tech Special Projects. The licence enables WT to import 50,000t of OPC in several shipments from Turkey. WT Ltd is a company founded by Garth Walker, Ryan Reid and Neil Lawrence in 2017. It aims to be the island’s third cement importer. Cement is currently im...
Pakistan’s manufacturing costs rise
Coal FOB prices have increased from US$68/t in September 2020 to over US$210/t during September 2021, says the All Pakistan Manufacturing Cement Manufacturers Association (APCMA). Ocean freight from South Africa to Karachi has also increased from US$11/t in September 2020 to US$30/t in September 2021. Pakistani rupee parity to the US dollar has increased from PAK165 to over PAK171/US$ durin...
Pakistan's local and overseas cement dispatches drop during September
Pakistan's local and export dispatches during September 2021 remained depressed, reports All Pakistan Cement Manufacturers Association (APCMA). Domestic dispatches stood at 4.018Mt and exports reached 0.572Mt compared to 4.095Mt and 1.131Mt in September 2020, respectively. This defines a YoY eduction of 1.9 per cent and 49.5 per cent on local and overseas markets, respectively. At the same tim...
Algeria’s SSCB exported 25,000t of cement in 9M21
Société Saoura Ciment de Béchar (SSCB), part of Algeria-based GICA, exported 25,000t of cement to African countries such as Mali, Niger and Mauritania since the start of the year. Mauritania has accounted for 60 per cent of SSCB’s exports. The shipments are example of the shift in cement trading following the government’s extensive investment in production capacity, turning Algeria from a n...
Lafarge Mauritius and Kolos reduce cement price
After Mauritius-based cement importer Kolos Cement Ltd dropped its retail price for Eco Plus cement from MUR143.84/bag (US$3.37/bag) to MUR135.84, Lafarge Mauritius has announced a decrease in the retail price of two of its products from 1 October 2021. Baobab 6, a 22.5-grade cement, will see its retail price reduced from MUR142.40 to MUR134.60 while Baobab Mazik, a 32.5-grade cement, will b...
Coal rally continues amid high European gas prices
Since ICR’s most recent energy report , the coal rally continues, driven by high prices for gas and CO2 allowances in Europe. Coal prices for the 4Q22 are currently at US$163/t for API2 and US$159/t for API4 coal.CO2 allowances for December 2021 were valued at EUR60.00. Meanwhile, the price of Brent oil stood at US$75.25/barrel. With the supply of petcoke down after hurricanes, the petcoke ...
Iran’s Mercantile Exchange sets up separate cement trade hall
The Iran Mercantile Exchange (IME) will set up a separate hall for cement trades from 25 September 2021, according to IME’s director for market operation. Following the announcement of the Ministry of Industry, Mining and Trade on banning the purchase and supply of cement outside the commodity exchange and determining the time for the presence of buyers and sellers of cement in the commodity...