Cement News tagged: Trading
Export of cement from Bangladesh continues to shrink in 2MFY20-21
Bangladesh's cement industry has earned export revenue of US$0.89m in July-August 2020 (2MFY20-21), compared to US$1.33m bagged in July-August 2019. The modest start to the financial year reflects the fall in exports by 33.1 per cent over the year-ago period. The figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB). Th...
New inland waterway receives first cement consignment
The first export consignment of cement from Bangladesh to Tripura, in India, through the inland waterways has been completed. A Bangladeshi barge carrying 50t of cement reached Sonamura in the northeastern Indian state of Tripura two days after setting sail from Daudkandi. The vessel, MV Premier, reached Sonamura after travelling 93km along the Meghna-Gomati river route. The Protocol for Inl...
Export licence for Qassim Cement
Qassim Cement Co has been awarded a licence to export cement by Saudi Arabia’s Ministry of Commerce and Investment. The licence is effective for one year, according to a bourse statement. In the 2Q20 the cement producer posted net earnings of SAR85.47m (US$27.8m), up 21.3 per cent YoY.
Algeria exports 6000t of cement to Lebanon
A vessel with 6000t of cement left the port of Djen Djen, Algeria, yesterday, heading for Beirut, Lebanon. Minister of Industry, Ferhat Aït Ali, and Minister of Solidarity, Kaoutar Krikou, were present during the departure. In a statement to the press, the two ministers focused on "the spirit of solidarity which animates the Algerian people towards the brotherly Lebanese people in this diffi...
Bangladesh producers seek advanced income tax refund of BDT7500m
Bangladeshi cement manufacturers have requested that the National Board of Revenue makes payment of BDT7500m (US$88,47m) as a refundable advanced income tax to help them recover some of their losses from the coronavirus pandemic. Previous attempts to seek similar demands in the national budget were turned down. "We need a fresh injection of capital to recover the losses incurred due to pandem...
Turkey's exports to the US rise 24% in June
Turkey’s cement exports to the US declined by 5.7 per cent YoY in the first half of 2020, amounting to US$197.7m, according to the Turkish Ministry of Trade. In June 2020 the country’s cement exports to the US increased 24.4 per cent compared to June 2019 and exceeded US$37.1m.
Cementos Pacasmayo begins terminal operations
Peru’s Cementos Pacasmayo has resumed operations from the port terminal of Yurimaguas, Loreto, distributing 60,000 bags of cement to Iquitos. The company operates in the port through its subsidiary, Cementos Selva, which has a 4.9Mta plant in Rioja. The operations were launched in mid-August with the arrival of several vessels, which will set sail for Iquitos while complying with all COVID-...
Pakistan cement industry earns good export revenue during July
Pakistan's Federal Bureau of Statistics (FBS) has released cement export data for July 2020 (FY20-21). During this period, the industry earned good export revenue as the both value and quantity of cement exports increased on a MoM basis, but shows a mixed trend when compared with the YoY basis. Pakistan's total exports (all commodities) increased by 25.1 per cent during July 2020 to US$2bn ag...
Turkish cement exports to Italy and world markets increase
Cement exports from Turkey to Italy increased by 0.1 per cent from January through June 2020 compared to the same period in 2019, amounting to US$70.4m, reports the Turkish Ministry of Trade. The export of cement from Turkey to Italy increased by 41.8 per cent in June 2020 compared to June 2019 and amounted to US$14.3m. From January through June 2020, the export of cement from Turkey to the w...
Turkish cement exports to Germany rose 4.2% in the 1H20
The export of cement from Turkey to Germany increased 4.2 per cent from January-July 2020 compared to the same period of 2019, exceeding US$140.4m, reported the Turkish Ministry of Trade. Turkey exported US$22.7m of cement to Germany in July 2020, up 8.4 per cent on the year-ago period. The country's export of cement to world markets in January-July 2020 increased by 0.9 per cent compared to ...
Two cement shipments set to arrive in Libya
A ship transporting 4400t of bulk cement has arrived at Tobruk port, Libya, according to the country’s state news agency, LANA. Another shipment of around 3850t of cement is also expected to enter the port in the coming days. The Libya Herald also reported that domestic cement prices climbed to LYD75/t (US$53/t) at the start of August, compared to around LYD30/t in the same month of 2019.
China's cement imports surge in May
The imports of cement into China soared in May to 4Mt, twice the level seen at the start of the year as the housing market rebounded and infrastructure spending showed strong growth, according to brokerage Braemar ACM. The increase in incoming trade is helping smaller-sized bulk carriers, said the brokerage firm.
Cement export from Bangladesh begins in July
Bangladesh's cement industry has earned export revenue of US$0.53m in July 2020, the first month of FY20-21, compared to US$0.66m bagged in July 2019. The weak start at the beginning of the new fiscal year reflects the fall in exports by 20 per cent over the year-ago period. The figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bu...
Vietnam cement and clinker exports rise 36% in July
Vietnam has exported an estimated 3Mt of cement and clinker with a value of US$117m in July, according to the country’s General Statistics Office. This represents a rise of 35.5 per cent in volume and 30.2 per cent in value when compared with July 2019. In the first seven months of 2020 total cement and clinker exports stood at 19.46Mt, up 9.4 per cent YoY. Their value fell 3.4 per cent YoY ...
Pakistan's cement export volumes rise
Pakistan's Federal Bureau of Statistics (FBS) has released cement export data for the 12 months of July-June (2019-20). During this period, the quantity of cement exports increased but the dollar value fell, reflecting a weaker global market for cement and clinker in the aftermath of COVID-19. Pakistan's total exports (all commodities) decreased by 6.8 per cent during the FY19-20 to US$21.394...
Iran continues cement exports to Afghanistan
A total of 54,000t of cement have been exported to Afghanistan from Sistan and Baluchestan province, southeastern Iran, since the start of the Iranian year on 20 March. The cement was transported by 2,056 trucks through the Milak border crossing, said Ayoub Kord, head of the Roads and Urban Development Organisation of Sistan and Baluchestan province.