Cement News tagged: Trading
India: cement prices have started to weaken
CLSA India says cement prices have started to drop across India, with dealers expecting more falls ahead, according to its India Reality Research survey. Cement prices have fallen by an average of 2% per bag since 15 April, with dealers citing rising inventories, while demand is being hit by "sluggish" construction activity. ACC has risen 6% in 2012, Ambuja Cements is down 4%, while Ultrat...
Pakistan cement exports earn US$339m in 9MFY2011-12
During 9MFY2011-12 (July-March), Pakistan cement exporters saw recovery in cement exports in terms of value. In Pakistani currency, the export also rose by 6.06%. In addition, the average cement price improved. The Pakistan cement manufacturer and exporters exported 6.51Mt of cement and earned US$339.208m compared to 6.72Mt at US$329.696m in the corresponding period last year. The figures ...
Nigeria: cement manufacturers seek import ban
Nigerian cement manufacturers have called on the federal government to ban bulk cement imports before the government’s August deadline, claiming that the volume of cement currently produced in the country is enough to meet local demand. “[The] Government should enforce the ban before the August deadline,” said Mr Daljeet Ghai, Dangote Cement group chief executive. “Dangote alone has the capac...
Pakistan: cement import starts through ICP
The newly-opened Integrated Check Post (ICP) has received its first Pakistani cement imports from the road route, but traders continue to be unhappy over the high handling charges. Earlier, India was importing cement through the rail route and shifting to the road route is being seen a boost for the trade. Unhappy with the high handling charges at the ICP, the exporters and importers held a ...
Oman forecast to see increased exports
Oman is expected to witness increasing exports this year thanks to demand from markets like Yemen and East Africa, a new research report has forecast. Raysut Cement is expected to be a major beneficiary as exports accounted for 32 per cent of sales in 2011, states the report by EFG Hermes. Domestic cement consumption, meanwhile, is expected to rise by seven per cent during the current year ...
Ohorongo delivers cement shipment to south Angola
Namibian cement producer, Ohorongo Cement, has delivered its first consignment of bulk cement to south Angola, according to local press reports. A bulk tanker shipped the load to Santa Clara last Monday, The Nambian reported. The shipment forms part of a contract between Benjamin Hauwanga, owner of BH Motorspares in Nambia, and his customer CFRL in Santa Clara. The deal will see about 30,00...
Pakistan firms see profits in exports to Afghanistan
Pakistan’s cement exports are being geared up due to increase in Afghan export prices to US$50-55/t from the previous level of US$39-45/t.??According to informed sources, the improved export price has finally attracted interest for Pakistani exporters, leading to a 32% YoY increase in exports to Afghanistan in January 2012. However, Pakistan’s cement exports to India fell by 8% in January 201...
Saudi Arabia stops cement exports
Saudi Arabia has stopped cement and clinker exports to prevent shortages and to stabilise domestic prices. The kingdom’s western region, which includes the Red Sea port city of Jeddah and the Islamic holy cities of Mecca and Medina, has suffered a cement shortage as the government increased spending for infrastructure. Prices for new homes in Jeddah rose as much as 10% this month because o...
Pakistan: FY12 cement sales helped by local dispatches
FY12 has been witnessing a drop in Pakistan’s export sales, whereas domestic cement dispatches have been rising. The latest numbers released by the All Pakistan Cement Manufacturers Association (APCMA) up until January FY12 show a continuation of this trend. Local dispatches improved by 7% YoY from 12Mt in 7MFY11, while during January 2012 alone, local deliveries improved by nearly 9% to 1.9...
India: Cement may firm up on new coal pricing
Additional cost pressure due to costlier raw material from Coal India Ltd (CIL). Companies expect prices to rise by INR8-10 a bag (US$0.15-0.19).
New Zealand: port lease approved for cement trade
New Zealand's foreign investment watchdog has approved a leasehold deal at Timaru’s port
Mozambique looks to eliminate cement imports
The Mozambican Ministry of Industry and Trade is considering imposing a quota system for imported
Andhra Pradesh prices seen rising, India
Producers in Andhra Pradesh have increased the price of the cement by INR5-10/50kg bag from today
Nigerian cement prices up 25 per cent
As the dry season peaks, signalling another spell of increased construction activities, the price of cement
Pakistan cement prices continue to surge
While cement volumes traded increased by only 3.5% YoY in the first five months of FY2012, Pakistan has seen a 38-39% rise in net retention prices despite the onset of winter.
Indian producers target increased exports
Holcim’s Indian subsidiary, ACC Ltd, the market leader in the Indian cement sector, plans to step up exports to capitalise on