Cement News tagged: Trading
Vietnam considers cutting export tariff to aid cement oversupply
Vietnam’s Ministry of Planning and Investment (MPI) has proposed the export tariff be reduced to aid cement exports from the country. Domestic cement manufacturers have been struggling to export cement to ease the domestic oversupply. However, with the changes in tax policies, the clinker export cost has increased to US$4.5/t and the cement export cost US$7.5/t. This puts Vietnamese cement pr...
Vietnam's Ministry of planning calls for export tax cut
Vietnam's Ministry of Planning and Investment has proposed export tax cuts on cement, while local producers struggle with high stockpiles, claims Viet Nam news. In a recent report submitted to the government, the ministry said that the export tax rate of five per cent on cement was too high. The ministry estimated that no deduction on input VAT, coupled with five per cent export tax rate, p...
Pakistan's cement exports fall during FY17
During the FY16-17 (July 2016-June 2017), Pakistani cement producers exported 4.53Mt of cement at a total value of US$237.88m, compared with 5.97Mt at US$321.21m in the equivalent period of the previous year. This represent a YoY retrenchment, both in terms of value (-25.94 per cent) and volume (-24.17 per cent). During this period, value of cement in US$ fell to US$52.46/t from US$53.72/t...
Philippine Trade Secretary defends import order
Philippine Trade Secretary, Ramon Lopez, has defended the legality and fairness of the recently-issued administrative order on cement importation following attacks on the order by importers. “The only reason post import standard is being done is only to ensure consumer protection. This is being done in other countries. We need to protect consumers from possible substandard imported cement. ...
Vietnam government urged to reduce export duty
Vietnam’s Ministry of Planning and Investment has proposed the government to reduce export duty on cement to help domestic cement producers to promote exports. According to the government’s Decree No 100/2016/ND-CP, exported cement products are not eligible to enjoy input value-added tax (VAT). Furthermore, the product is subject to a five per cent export tax, which has lifted export ...
Bangladeshi exports earn US$9.58m in 11MFY16-17
The Bangladeshi cement industry earned an export revenue of US$9.58m during the first 11 months of FY16-17 compared to US$1.85m in corresponding months in a year ago. The export figure also includes a minor amount of salt, stone and related products, but the country’s export promotion bureau has welcomed the rise in cement exports. The figure substantially exceeds the government’s export t...
Mexico's construction chamber considers imports
Following the rise in Mexican cement prices earlier this month, the President of the country’s Chamber of the Construction Industry, Gustavo Arvallo, said the organisation was looking into creating a viable logistics chain to accommodate imports. He said the latest price increase would need to be passed on to customers with public projects affected as well as private investors and house buy...
Bolivia’s cement producers demand Peruvian cement import ban
Bolivian cement producers are demanding a government ban on the import of Peruvian cement and clinker by Cemento Yura. In addition, they expect the Bolivian government to raise tariffs for clinker imports and take other measures against unfair competition in the market by Cemento Itacamba.
Lafarge Canada awards long-term charter to NovaAlgoma Cement Carriers
NovaAlgoma Cement Carriers Ltd announced that its wholly-owned subsidiary NACC Shipping Canada Ltd has been awarded a long-term time charter agreement with Lafarge Canada Inc, for the provision of a modern pneumatic cement carrier early in 2018. To create the new cement carrier, a modern bulk carrier owned by NACC will be converted into a state-of the-art and energy efficient pneumatic cem...
Pakistan's exports continue to rise MoM
Pakistan cement exporters earned revenues of US$14.86m on exports of 282,304t cement in May, 2017, compared to US$13.49m on 255,778t of exports in the previous month, reports Pakistan's Federal Bureau of Statistics. These figures represent a MoM increase in dollar value and volumes of 10.2 and 10.4 per cent, respectively. However, when compared with May 2016 (521,220t with a value of US$2...
Pakistan cement exports continue to disappoint
Pakistan exported 225,778t cement in April on revenues of US$13.49m, down 25.28 and 18.54 per cent, respectively compared to the previous month. Compared to April 2016, export volumes were down by 49.65 per cent from 507,958t and revenues fell by 49.65 per cent (US$26.31m) a year earlier, data from Pakistan's Federal Bureau of Statistics shows. In the first 10 months of FY16-17, the country ...
Vietnam April exports up 6.7%
Vietnam exported more than 1.9Mt of cement and clinker, reflecting an export value of US$67.4m, according to the country’s Customs Department. This represents a YoY increase of 6.7 and 7.6 per cent, respectively. In the first four months of the year, the country exported 6.7Mt of cement and clinker, up 12.8 per cent YoY. In terms of value a 7.9 per cent rise to US$235m was reported. Banglade...
Hail Cement obtains cement export licence
Hail Cement Company has obtained a cement export licence from the Saudi Ministry of Commerce and Investment. The licence will be valid for one year from the date of approval on 14 May, according to a bourse filing on Tuesday. The company does not expect neither a financial impact from the licence on its results nor a positive impact for exporting cement due to high export fees.
No sign of Pakistan cement export recovery
Pakistan recorded export volumes of 204,159t cement in March 2017 on revenues of US$11.38m, representing a MoM decline of 11.77 and 7.04 per cent, respectively. On an annual comparative basis, the declines were much steeper with volumes down 65.03 per cent and revenues falling 59.86 per cent, according to the country's Federal Bureau of Statistics. In the first nine mon...
Côte d’Ivoire imports 150,000t of cement
To address the current shortage of cement and rising prices, Côte d’Ivoire’s government has decided to import 150,000t of cement between April and July 2017, according to Industry and Mining Minister, Jean-Claude Brou, and the Minister of Commerce, Crafts and SMEs, Souleymane Diarrassouba. Imports will be carried out by cement producers who will start imports by receiving 36,000t between 12...
Central American cement trade falls 14% in 9M16
The total value of traded hydraulic cements in Central American countries fell 14 per cent from US$56m to US$48m in the first nine months of 2016, according to CentralAmericaData. Volumes dropped from 0.494Mt in 2015 to 0.426Mt in 2016. In the 9M16 the main exporter of hydraulic cements in Central America was Costa Rica with US$28m, followed by El Salvador (US$12m), Honduras (US$5m), Nicara...