Cement News tagged under: Trading
Pakistan cement industry pin hopes on MFN status to India08 February 2012, Published under Cement NewsPakistan and India are likely to discuss the issue of Most Favoured Nation (MFN) during a visit this week by an India trade delegation, headed by its Commerce Minister Anand Sharma, visits Pakistan. Both governments are expected to sign formal agreements including customs cooperation, certification of goods and also address challenges being faced by Pakistan exporters into India. Pakistan’s cement industry is demanding the removal of non-tariff barriers, more freight trains to India, the o... |
India: Cement may firm up on new coal pricing09 January 2012, Published under Cement NewsAdditional 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). The cement industry, which witnessed a round of price cuts last month, is now facing additional cost pressure from Coal India’s new pricing mechanism. CIL shifted to a pricing based on gross calorific value (GCV), in line with global norms, from its earlier grading on useful heat value. The result has been a rise in prices. Cement companies are ... |
New Zealand: port lease approved for cement trade09 January 2012, Published under Cement NewsNew Zealand’s foreign investment watchdog has approved a leasehold deal at Timaru’s port as part of a Swiss cement giant’s plans for a US$500m plant near Oamaru. The amount Holcim paid for the leasehold of 2.26ha at Evans Bay in Timaru for 50 years and more was kept confidential in the consent document released by the Overseas Investment Office. The land is for the wharf and storage facilities to handle cement from the new plant. However, Holcim announced in October it would not make a de... |
Mozambique looks to eliminate cement imports06 January 2012, Published under Cement NewsThe Mozambican Ministry of Industry and Trade is considering imposing a quota system for imported cement later this year, in order to protect Mozambican cement producers, according to a report in Thursday’s issue of the independent newsheet "Mediafax". Currently there are five cement factories in the country, but in the near future at least three more will begin production. "Last year several production lines were inaugurated, increasing the supply of cement in the northern and central reg... |
Andhra Pradesh prices seen rising, India04 January 2012, Published under Cement NewsProducers in Andhra Pradesh have increased the price of the cement by INR5-10/50kg bag from today due to rise in fuel costs, industry sources told NewsWire18. With this hike, the retail price of cement will rise to INR275-300 rupees a bag from INR270-290 currently. The source said the price hike would apply to institutional sales, too. However, the extent of the hike for this segment will depend on the brand and local demand. For institutional sales, the price would be INR30-40/b... |
Nigerian cement prices up 25 per cent04 January 2012, Published under Cement NewsAs the dry season peaks, signalling another spell of increased construction activities, the price of cement in Nigeria has risen 25 per cent in one month from NGN1750/50kg bag in November to NGN2200. In Lagos and neighbouring towns in Ogun State, where the construction of housing has witnessed unprecedented growth in recent years, Dangote’s Obajana brand sells for NGN2100/bag while imported brands sell for NGN2200. In May last year, cement prices rose to NGN2900/bag prompting Nigerian pre... |
Pakistan cement prices continue to surge29 December 2011, Published under Cement NewsWhile 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, reports Pakistan Today. Despite the onset of winter, cement prices appear to be holding firm. A further positive trend for cement producers in the country has been a short-term weakness in coal prices. Since 30 September, coal prices have plunged 10% to FOB US$102.2/t at Richards Bay – another unusual trend as usually they rise... |
Indian producers target increased exports23 December 2011, Published under Cement NewsHolcim’s Indian subsidiary, ACC Ltd, the market leader in the Indian cement sector, plans to step up exports to capitalise on the record depreciation of the rupee and to offset weakening local market demand, according to a report by DNA Money. "The current rupee depreciation surely opens up a lot of export markets. The countries that we are mainly targeting are Maldives, Mauritius and Bangladesh," said Ramit Budhraja, chief executive-south-west region, ACC. The Indian rupee has depreciated b... |
Pakistan cement prices up 13% YTD15 December 2011, Published under Cement NewsPakistan cement prices rose by 37 per cent YoY and 13 per cent year-to-date (YTD). However, despite the soaring prices overall domestic sales steadily increased by 7.1 per cent YoY in five months of the current fiscal year. |
Andhra Pradesh prices drop, India12 December 2011, Published under Cement NewsCement prices have dropped by Rs10-15 a bag in Andhra Pradesh, thanks to subdued demand. Cement is sold at Rs275-295/bag while the price was between Rs280 and Rs300 during October-November, shows a survey of retail outlets here. “The price has come down primarily due to dip in demand contrary to industry expectations of a surge in demand,” Mr SVS. Shetty, Chief Executive Officer, Anjani Portland Cement Ltd, told Business Line here on Thursday. According to industry data, cement demand in S... |