Cement News tagged: Trading
Bangladesh remains Vietnam's strongest export market
From January to April, Vietnam exported 5.99Mt of cement and clinker to Bangladesh, which remains Vietnam's largest export market with US$64.46m. The Philippines (US$58.47m), Taiwan (US$10.67m), Mozambique (US$9.9m), and Chile (US$9.72m) are also major importers of Vietnamese cement. Vietnam's cement consumption in these four months was also very positive reaching 18.85Mt, representing an in...
Pakistan: Dewan denies sale of 50% stake
It has been rumoured that 50 per cent of Dewan Cement Ltd (DCL) shares are being sold to undisclosed strategic buyers. As a result the company’s share value and volume experienced heavy activity in the past weeks on the Pakistan Stock Exchange (PSE). DCL has denied any such sales to the PSE, claiming, “Many shareholders for their personal benefits circulate rumours and speculation, to which w...
Iraq ban challenges Iran cement industry
The Iraqi government has passed a bill banning the imports of Iranian cement to protect its domestic cement industry. Mohammad-Reza Lotfi, the deputy head of the Association of Cement Industry Entrepreneurs, said that Iran's cement exports to Iraq amounted to some 7Mt or around 60 per cent of Iranian exports last year. Mr Lotfi said that the only solution is to look for new markets, such as ...
Saudi Arabia: lifting of export ban to provide little cheer for cement producers?
The much-anticipated lifting of Saudi Arabia's ban on cement exports, first implemented in 2008 and extended in 2012, is expected to provide little relief for the country's cement producers, according to emerging market investment bank Arqaam Capital. Mohammed Kamal, executive director of equity research at Arqaam Capital said that export volumes would likely be capped at 20 per cent of out...
Iran: cement exports down 20%
Iranian cement and clinker exports have fallen by 20 per cent over the past Iranian year (1394), an official said on Tuesday. The secretary of the Association of Cement Industry Entrepreneurs, Abdolreza Sheikhan, said that Iran's exports of cement and clinker shrank to nearly 15Mt from 18.5Mt a year ago. Sheikhan stated security concerns in regional countries as a key reason cements and cli...
Dem Rep Congo: import tax under consideration
Following the announcement of Cimenterie de Lukala (Cilu) earlier this week that it plans to close due to “unfair competition”, the governor of Kongo-Central, Jacques Mbadu Nsitu, is considering a new tax on grey cement imports. He ordered his government to draw up the required legislation which is expected to protect locally-produced cement. At present, the price of a bag of cement in Mata...
Moldova applies quota on cement imports from Ukraine
The government of Moldova has introduced protective quotas and duties on several commodities including cement produced in Ukraine. The resolution of the Moldovan government said products will be limited with quotas, while goods imported in excess of the restrictions will have protective duties applied. The quota for cement is 500t and if volumes imported from Ukraine exceed this level custom...
Malawi government open to legal cement imports
Malawi's government is issuing licences for the importation of cement. The legally imported cement is said to be bringing competition and stabilising the prices of cement in the country that has been welcomed by property investors, reported All Africa. Ministry of Industry and Trade spokesperson, Wiskes Mkombezi said government issues the cement importation licences in order to protect the ...
Ghana to limit cement imports
The Ministry of Trade and Industry in Ghana has moved to ban imports of cement into the country. The Association of Ghana Industries (AGI) has backed the initiative, arguing that the ban will protect the local industry which already has an excess of capacity. In March, this year the Ministry of Trade and Industry proposed imposing a ceiling on the annual importation of cement into Ghana thro...
Cement exports on the rise
As global cement capacity continues to rise against a limited demand increase, there is a swell of cement producers chasing ever-smaller export markets across the globe. News this week that Saudi Arabia has lifted its ban on exports will increase pressure on prices in the Middle East region. The Saudi Arabian export ban had been in place since 2012 when it was renewed from an earlier 2008 pe...
Cement price dispute rages in Pakistan
The Pakistan cement industry and the Association of Builders and Developers of Pakistan (ABAD) are loggerheads with each other on the price of cement price. Both players are advocating their point of views and are appealing to the government to safeguard their industries, and the current and future investment in their respective sectors. While defending, Chairman of All Pakistan Cement ...
Indian cement prices rise 1% in March
Indian cement prices rose MoM in March to INR290-295 (US$4.37-4.44)/bag as demand led by construction activity in north and central India improved slightly, acording to Cogencis Information Services. Prices in north India rose by eight per cent MoM, while in central India, they were up by six per cent. However, the overall picture YoY saw cement prices fall by six per cent. In western, east...
Pakistan: cement exports fall YoY but are up MoM
Pakistan’s cement industry recorded a noticeable fall in exports during the first eight months of the FY15-16 on the back of falling demand, competition and other issues. The data released by the Pakistan Bureau of Statistics (PBS) revealed that Pakistan exported 4.01Mt of cement and earned export revenue of US$219.67m during July-Feb 2016, down by 27.9 per cent and 32.2 per cent in terms of...
Iran offers export of cement to Pakistan under barter
Iran has reportedly offered to export cement on barter basis following a trade mission to Pakistan, led by the country's president, Hassan Rouhani. Pakistan's Ministry of Commerce on its part is exploring various avenues to enhance bilateral trade to US$5bn in five years, in accordance with the vision of the top political leadership of the two countries. Separately, Khouzestan Morteza Lotfi,...
Malawi to ease ban on cement imports
Malawi's government has relaxed its ban on the importation of cement to protect consumers from exploitation of high prices by the local industry. Following the issuing of import licences by the government to some importers, legally-imported cement is expected to increase competition and stabilise cement prices in the country. Cement demand has surged due to an expanding construction market. I...
Pakistan: new trade policy carries incentive for cement export
Pakistan’s government plans to increase country cement exports and other commodities, in particular though the Strategic Trade Policy Framework (STPF) 2015-18. The government will provide PKR20bn (US$190m) for the implementation of the policy for the next three years. For this fiscal year, PKR6bn has already been earmarked. The government is likely to provide freight subsidies on cement...