Cement News tagged under: Trading
Weak shilling pushes up Tanzanian cement prices16 November 2011, Published under Cement NewsTanzania Portland Cement has raised retail prices to TZS14,000/50kg (US$8) bag from TZS13,500 (US$7.7) to cushion increased operational costs as a result of the weak shilling. According to TPCC Sales and Marketing director Ekwabi Majiko, the factory price for the cement has risen by about TZS500, which means the product will now be sold on average of TZS14,000/t retail. “The operation costs have steadily increased due to shilling depreciation. Our increase in price aims to enhance effi... |
Pakistan producers call for freight dues to be honoured14 November 2011, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has urged the government to clear its long-awaited dues relating to an inland-freight subsidy. Chairman of APCMA, Aizaz Mansoor Sheikh, has written to the Ministry of Finance recalling that the Trade Development Authority of Pakistan (TDAP) had allowed a 35 per cent inland freight subsidy for cement exports via sea between 26 March to 30 June 2010. The subsidy was offered to boost cement exports as high inland freight costs had made... |
Brazil sees signs of collusion in cement market11 November 2011, Published under Cement NewsSix Brazilian cement makers colluded to fix prices, hampering competition in the midst of a construction boom, Brazil’s justice ministry said. Holcim, Cimpor and local producers Votorantim Cimentos, Camargo Correa, Itabira Agro Industrial and Cia. de Cimentos Itambe set prices among themselves to force smaller rivals from the market, the ministry’s economic-law secretariat said in a report. SDE, as the Brasilia-based agency is known, will submit its report to Cade, the nation’s antitrust r... |
Calls for Indian price investigation07 November 2011, Published under Cement NewsHurt by a sharp rise of INR100/bag in cement prices in the past three months, India’s realtor’s body, NAREDCO, has appealed to the country’s competition watchdog, CCI, to investigate the sudden hike in rates. "We have lodged a formal complaint with CCI recently to investigate unnatural rise in the cement prices in the past few months," NAREDCO President Naveen Raheja told reporters. Last month, the apex realtors’ body CREDAI had approached Competition Commission of India (CCI) seeking an... |
Binani cement to increase prices, India02 November 2011, Published under Cement NewsCement prices are to be increased by INR5-10 with immediate effect, according to Binani Cement, on account of rising input costs. Prices in Central, North & Eastern regions are to increase by INR10/bag while Gujarat will see an increase of INR5/bag and Mumbai (West) is expected to see a hike of INR10/bag. Prices in the south will remain firm with no increases announced. Meanwhile, demand has picked up sharply in the Central region and Gujarat. |
Arab imports into Brazil surge24 October 2011, Published under Cement NewsBrazil increased its cement imports from Arab countries this year, according to ANBA. From January to September the Latin American country purchased 247,000t of cement, 12 times more than in the equivalent period of 2010. Arab cement was imported mainly by UAE, but also by Egypt, Algeria and Tunisia. Revenues soared from US$2.3m to US$15.1m. However, cement imports into Brazil remain relatively small when compared with its total cement consumption. According to the country’s cement associa... |
India: despite tough times, cement stocks could fetch good returns21 October 2011, Published under Cement NewsCements stocks trading in Indian markets are likely to benefit on an anticipated demand in the second quarter of FY12. This is in line with a sizeable number of infrastructure projects planned by the government. Moreover, rural cement consumption is also expected to increase after a good monsoon. Today’s news on express highway projects worth 16000 Crore (US$3.18bn)is also a booster for the sector. Cement companies have faced a tough time in the last couple of quarters. Companies suffered... |
Dumping levy slapped on Chinese cement20 October 2011, Published under Cement NewsThe Ministry of Finance yesterday announced it would levy stiff anti-dumping duties on cement and cement clinker imports from China, citing damage to the local cement sector. A provisional 91.58% duty will be slapped on Chinese-imported Portland cement type I, type II and its cement clinker, the ministry said in a statement. The imposition will be backdated to 30 May and last five years, ending on 29 May 2016, the statement added. “Evidence showed that the imports caused substantial dam... |
Tanzania: prices stabilise as cement comes back online19 October 2011, Published under Cement NewsCement supply and prices at the retail market in the city have stabilised after a major producer resumed full production. One of the Tanzania Portland Cement Company plants developed mechanical problems early last week and sent prices of the commodity skyrocketing. Cement prices increased in Dar es Salaam by about KES2000 (US$20) per a 50kg bag last. Various outlets sold cement bags at between KES15,000-15,500 (US$150.2- 155.2) from KES13,000 (US$130) a week before. The situation no appea... |
Namibia: cement sector wants protection19 October 2011, Published under Cement NewsOhorongo Cement is reportedly planning to approach the government for infant industry protection status, as the cement market becomes more competitive. If granted, the measure would lead to a ban on the importation of cement. Last week, the Namibian Chamber of Commerce and Industry (NCCI), publicly added its weight to Ohorongo Cement’s case, asking for protectionist measures that would “allow [Ohorongo Cement] to recoup its investments and become competitive”. The NCCI hit out at the gove... |