Cement News tagged: Trading
Vietnam 10M17 exports rise 23% YoY
Total cement exports from Vietnam rose to 15.12Mt in the first 10 months of 2017, representing a 22.9 per cent YoY increase. The country’s export earnings were up 13.9 per cent when compared with the year-ago period, reaching US$532.4m, according to the Ministry of Industry and Trade. Bangladesh, the Philippines, Taiwan and Peru were among major importers of Vietnamese clinker and cement, t...
Iran exports 7.1Mt of cement in 7FY17-18
Iran has exported cement to the value US$233m in the first seven months of the current financial year (started 20 March 2017). In terms of volumes, 7.1Mt of cement were exported to some 34 countries during this period. Exports included US$5000 of white Portland cement to the US but Iran’s main customer was Iraq, with an offtake of cement to the value of US$64m. Smaller shipments were delive...
Fancesa plans to export to Paraguay and Argentina
Following expansion of its Santa Cruz plant, Bolivian cement producer Fábrica Nacional de Cemento SA (Fancesa) has signalled the intent to export cement to Paraguay and Argentina, contradicting earlier plans by the company. "We can not just think about the markets of Santa Cruz or the country, we must expand and reach Paraguay, the north of Argentina, it will be beneficial for the company,...
Cementos Itacamba to export additional 4000t to Argentina
Bolivia’s Cementos Itacamba is preparing a second cement and clinker shipment for export at the end of this month following the success of the first export delivery to Argentina and Paraguay. The second shipment will carry 4000t of cement, an identical amount when compared with the first one, and is set for Argentina via the Paraguay-Paraná waterway. In terms of clinker, the company exp...
State Bank forecasts strong cement demand for Pakistan producers
Pakistan's 11 cement manufacturers are aggressively investing in production capacity, increasing output potential by 30.3Mta (60 per cent) through expansion projectsat a cost of over US$2.225bn in FY17-19 in anticipation of strong domestic demand and improved export potential. Manufacturers are exploring new markets, such as the Philippines, Qatar, Yemen and Sri Lanka to boost their exp...
RAK Cement profits have fallen in 9M17
RAK Cement has seen a 21.2 per cent fall in profits in 9M17. The UAE-based company's net profit totalled AED212,470 (US$57,830), compared to AED7.8m (US$2.12m) in 9M16. RAK Cement's sales amounted to AED137.28m in 9M17, a drop of 5.15 per cent YoY.
Tabuk Cement reports a net loss in 3Q17
According to Reuters, Tabuk Cement has seen a net loss of SAR12.2m (US$3.2m) in 3Q17, compared to a net profit of SAR7.9m (US$2.1m) in 3Q16. The net sales of the company have also decreased from SAR49.7m to SAR25.5m over the same period.
Pakistan cement export revenue continues to fall in 1QFY17
The export revenue of cement from Pakistan during the first three months of current financial year (July to September 2017) recorded a YoY fall of 17.84 per cent and 18.89 per cent in terms of quantity and value in dollars, respectively, according to data released by Federal Bureau of Statistics, Government of Pakistan. The breakdown during the period shows that country exported 1.22Mt of ce...
DR Congo slaps ban on cement imports
The Ministry of External Trade in the Democratic Republic of Congo (DRC) has imposed an import ban on a selection of goods, Including cement which is expected to impact on Zambian cement producers. A circular dated 25 August 2017 and signed by Minister of External Trade Jean-Lucien Bussa Tongba, included cement on this list of products, reports the Zambia Daily Mail Ltd. The ban is meant ...
Cement prices fall in Pakistan's northern zone
Competition among the cement players, particularly in Pakistan's northern zone, and seasonal fall in demand have triggered a cement price discount. BMA Capital states that cement prices in the north have fallen by another PKR10-15/bag (US$0.09-0.14) since mid-October 2017. The new retail price range now hovers around PKR460-500/bag, while the list price still remains at PKR510-520/bag, ref...
Egypt doubles value of cement exports in 9M17
Egypt’s cement exports rose 88 per cent during the first nine months of 2017, reaching around US$72m compared to US$38m last year, its building industries export council said on Sunday. Ten countries have captured 89.3 per cent of the Egyptian cement exports, which Saudi Arabia came on the top of the list, the report said. Exports to Saudi Arabia reached 11.186 million compared to US$15.4...
Himachal cement companies shelve price hike plans
An intervention by Chief Minister Virbhadra Singh has forced two subsidiaries of LafargeHolcim with cement plants in Himachal Pradesh to reduce their prices by INR5 per bag in the state. Ambuja and ACC have agreed in principle to reduce the price with immediate effect, a government spokesperson said. The cement price was enhanced from INR360/bag (US$5.54) by the companies on Tuesday. UltraTe...
Pakistan export revenue declines 15% in 2MFY17
The Pakistan cement industry export revenue during the first two months of current financial year (July-Aug 2017) recorded a fall of 14.86 per cent and 13.9 per cent i n terms of value in dollar and quantity, respectively on YoY basis , while mixed trends were also observed on a MoM basis, says data released by Federal Bureau of Statistics, Pakistan Government. The country exported 871,434t...
Northern Pakistan records fall in cement prices
According to industry sources, cement producers in the north region of Pakistan have increased the discount on cement prices effective 2 October 2017 by PKR10-15/bag to PKR480-495/bag (US$4.55-4.69). As a result, cement prices in the North are down 11-12 per cent from the high of PKR540-560/bag seen in Jul-August 2017. However, prices in the southern region remain unchanged. Current price ...
The Philippines' DTI seeks equal treatment on all imported cement
The Philippines' Department of Trade and Industry (DTI) wants to impose "equal treatment" to all imported cement, regardless if the product is brought in by a pure trader or by a manufacturer. "We're not going to give a distinction. Every [product] will undergo product testing, but we’ll see if we're going to do pre-shipment or post-shipment or both. We have to balance it in a way that there'...
Urgent action required on Ghana's imported clinker valuation
Dr George Dawson-Ahmoah, the Chairman of the Cement Manufacturers Association of Ghana, has appealed to the Ag Commissioner to intervene in the valuation on the importation of clinker by the Customs Division of Ghana Revenue Authority (GRA). Dr Dawson-Ahmoah who is also the Strategy and Corporate Affairs Director of Ghacem and the Chairman of the Tema Branch of the Association of Ghana...