Cement News tagged: Trading
Vessel released to off-load clinker in Bangladesh
The Egyptian flag cargo vessel "Wadi Feran" laden with 50,141t of imported clinker, which was arrested at the outer anchorage of Chittagong in Bangladesh on 26 May, as per orders of the local High Court in a litigation, was finally released on Friday. The vessel had arrived on 8 May and later successfully offloaded cargo imported by local cement manufacturers.
Cement importers deny activities hurt Philippine cement producers
Cement importers have rejected claims by local manufacturers that the import surge on cement is causing "serious injury" to the domestic industry. "Some members of the cement industry are exhibiting continuing profitability amid increased imports," the Philippine Cement Importers Association (PCIA) said in a statement on Thursday. This view was repeated by the PCIA in a position paper to...
Call to relax cement import rules in Malaysia
Conditions on cement imports should be eased, according to SME Association President, Michael Kang, and Universiti Tun Abdul Razak economist, Barjoyai Bardai. At present cement importers must obtain a letter from the ministry and a certificate from the Construction Industry Development Board. Mr Kang, whose association represents some 10,000 members, said: “Many of our members are in constru...
Belarus BUCE to facilitate exports to Hungary
The Belarusian Universal Commodity Exchange (BUCE) is looking to facilitate exports of Belarusian construction materials to Hungary. A Belarusian delegation visited Budapest on 3-6 June to explore the possibility of exporting Belarusian construction materials to Hungary via the commodity exchange. Deputy Architecture and Construction Minister, Oleg Shvets, who headed up the delegation, the...
Dominican Republic exports US$72.3m of cement in 2018
The Dominican Republic exported Portland cement to the value of US$72.3m in 2018, according to the country’s Director of General Direction of Mining, Alexander Medina Herasme. The country produces cement in four clinker and two grinding plants with a combined capacity of 7.15Mt. It is the Caribbean’s largest cement and clinker exporter, accounting for around two-thirds of the region’s cement...
US import tax on Mexican products to have little effect on Mexican cement
The five per cent import tariff on all Mexican products, imposed by US President, Donald Trump, would not impact the cement industry as shipments to the US represent only 3.4 per cent of the total domestic output, assured Yanina Navarro, general director of Mexico’s chamber of cement, Canacem. In 2018 Mexico produced 44Mt of cement but only exported 1.416Mt. "Cement is a very local product, ...
Vietnamese clinker imports to China increase in 1Q19
Vietnamese cement exporters are starting to take significant market share in China as they succeed in undercutting domestic producers. Imports of clinker surged by more than 150 per cent in the first four months of 2019 to 5.69Mt on the back of China's housing boom. These imports accounted for 1.4 per cent of China's clinker. The increase in imports has lowered the cost of cement by CNY40/t d...
Armenia places import duty on Iranian cement
Armenia's parliament has approved a 14,000/t duty to be set on imported cement from Iran. A total of 85 law makers voted in favour of the duty with 16 voting against and three abstaining. The Armenia party also wanted a state duty on the import of clinker from Iran but this has not been put in place. The bill for the cement duty passed while a group of construction workers protested outside p...
BAI calls for regulatory authority to investigate cement price hikes
Mr V Sivarajan, president of the Builders' Association of India (BAI)'s Coimbatore branch, has hit out against recent price rises established by India's cement sector. The retail price of a 50kg bag of cement was INR270 (US$3.88) two months ago but now it is INR400 (US$5.76). "The prices of raw materials, transport or labour did not go up for the cement industry," Mr Sivarajan said. "So there...
Pakistan FY19 may end on mixed results
Pakistani research house Insight Securities forecasts that in FY18-19 (July 2018-June 2019), domestic sales will fall 5.6 per cent to 38.8Mt (-10.2 per cent in the north but a rise of +16.3 per cent in the south). Exports, on the other hand, may grow 39 per cent to 6.6Mt (-21.9 per cent in the north, but +151.4 per cent in the south). Analysts of Insight Securities have also pointed out ...
Bulk carrier detained outside Chittagong port
According to Chittagong Port Authority (CPA), the Egyptian bulk carrier "Wadi Feran" was arrested by orders of the local High Court on 23 May in a litigation case at the outer anchorage of Chittagong port in Bangladesh. No reason was disclosed for the arrest. This is likely to delay unloading of clinker, being imported by a local cement manufacturer. The vessel laden with 50,141t of impo...
Philippines sees 64% increase in cement imports for 1Q19
The domestic cement industry of the Philippines has reported a 64 per cent increase in imports during the first quarter of 2019. Data presented during the first public hearing conducted by the Tariff Commission on the cement import safeguard measure showed total cement imports of 1.74Mt from 1.06Mt in the 1Q18, according to The Manilla Bulletin. Imports reportedly continued to rise despite ...
Bangladesh records a 20% fall in export revenue
Bangladesh's cement industry has recorded a 20.4 per cent decline in export revenue to US$8.82m during the 10MFY18-19, compared to US$11.08m of the corresponding period of the previous fiscal, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. The export value fell 23 per cent below the US$11.45m target se...
Uzbekistan blocks export of Kyrgyz cement
Uzbekistan blocks export of cement from Kyrgyzstan, MP Azamat Arapbaev said at the meeting of the Kyrgyz parliamentary committee of economic and fiscal policy, according to Central Asia News. Several Kyrgyz cement companies located in the south of the country export some of their output to Uzbekistan. “They can’t supply cement solely to our market, it is small, enterprises will stand idle th...
Bolivia cement imports down 30% in 2018
Cement imports into Bolivia fell by 29.6 per cent YoY in 2018 and continue to decline, according to the Bolivian Institute for Exterior Commerce (IBCE). "In 2017 Bolivia imported 268,404t of cement for a value of US$28.6m dollars, while in 2018 it was reduced to 189,013t for a value of US$20.1m," said the IBCE. In January-February 2019 the country imported 17,423t of cement with a value of ...
Nepali cement producers give mixed reactions to export plans
Cement producers in Nepal have given mixed reactions to the government’s announcement to make cement on of the country’s main export products. While the cement manufacturers welcome the news, it remains to be seen whether exporting cement will be possible, depending on the implementation of the policy. The main challenge for the producers is the cost of production, according to New Business...