Cement News tagged: Trading
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...
Tokyo Cement recommences clinker imports from Japan
Sri-Lanka based Tokyo Cement Group has recommenced clinker imports from Japan for the exclusive use in its ‘NIPPON-PRO’ cement. Dashantha Udawatte, Group Marketing Manager at Tokyo Cement told Lanka Business Online: “We at Tokyo Cement having identified the demand for a high performance cement tied up with a leading Japanese manufacturer to import clinker with high specifications. Tokyo Cemen...
Pakistan: APCMA calls for federal exise duty reduction
The All Pakistan Cement Manufacturers Association (APCMA), in its budget proposal, has recommended a reduction in federal excise duty (FED) to be stepped to zero to alleviate the cost pressure on locally-manufactured cement, which is facing competition from Iranian imports. The Daily Times reports that in the budget proposal sent to Federal Board of Revenue (FBR), APCMA Chairman Muhammad Ali ...
Algeria: introduction import licences delays supply
The decision of the Algerian government to require import licences for imported cement is causing delays in the supply of cement. However, the issuing of licences is progressing slowly and at a time when major cement plants are shut down for maintenance, the step causes shortages in the market. In recent days, the price of a 50kg bag of cement has skyrocketed to DZD1900, according to Denn...
Dem Rep Congo: cement price fall 35% in Matadi
The price of a bag of cement in Matadi, Dem Rep Congo has fallen by 35 per cent from CDF12,500 (US$13.44) to CDF8000. The price decrease follows the arrival of imports from Angola in the Congolese port town. In addition, Chinese imports have also increased the supply of cement to the Matadi market.
Ghana: Ministry on cement-trade-war alert
Dr Ekwow Spio-Garbrah, Ghana's Minister of Trade and Industries, says his Ministry is undertaking a thorough evaluation of various interests in the current trade-war between local cement manufacturers and importers. Local cement makers are claiming cement imports from Nigeria and China are flooding the market, thus making their businesses uncompetitive. Dr Spio-Garbrah said the exercise, with...
First Tajikistan cement heads to Afghanistan
Huaxin Gayur Cement Co Ltd, located in Yovon district of Khatlon province, Tajikistan, reportedly signed an agreement with Afghanistan’s Shamal Sharq in early December to supply 500t of cement to Afghanistan. A convoy of 12 heavy trucks carrying 370t of cement proceeded via the Panji Poyon border crossing between the two countries in late December, according to Tajik Customs Service. Huaxin ...
Vietnam cement exporters fail to hit target
Vietnamese cement producers are struggling to maintain high volumes of cement exports due to falling overseas demand. According to the Vietnam National Cement Association (VNCA), Vietnamese cement makers have been facing fierce competition from China, the world’s biggest cement producer, which accounted for 60 per cent of the world total output. Selling at lower prices and trying to boos...
Pakistan exports fall 25% in 5MFY15-16
Cement exports from Pakistan have fallen by more than 25 per cent in the first five months of the current fiscal year. Between July and November 2015 cement exports reached 2.56Mt, compared with 3.45Mt in the corresponding period of the previous financial year. Cement plants in the north sold 1.63Mt of exports, down by 25.2 per cent YoY, but dispatched 10.17Mt to domestic market, an increase...
APCMA asks to impose 20% regulatory duty on Iranian cement
All Pakistan Cement Manufacturers Association (APCMA) has requested the Ministry of Finance to impose regulatory duty on cement imports from Iran to save the local industry. In a letter to the Finance Secretary, Waqar Masood Khan, APCMA Chairman, Mohammad Ali Tabba, said that cement imports from Iran have touched “alarming” levels. “Over the last year, larger and larger quantities are arrivi...
Pakistan: Iranian imports continue to hurt domestic producers (APCMA)
The All Pakistan Cement Manufacturers Association (APCMA) said markets in areas near the Pakistan-Iran border and the coastal areas of Baluchistan continue to be flooded with Iranian cement which is sold well below the PKR525-550/bag charged by local cement producers. In a letter to Federal Secretary of Commerce, Muhammad Shehzad Arbab, APCMA chairman, Muhammad Ali Tabba, urged the Ministry...