Cement News tagged under: Trading
Pakistan: export price for Afghanistan ‘unrealistic’30 November 2010, Published under Cement NewsCement exports to Afghanistan are grossly under-valued due to intense competition, according to Pakistan industry sources. They told Business Recorder on Saturday that US$42/t price quoted for export to Afghanistan is not realistic. Since no country in the world could supply cement to Afghanistan at less than US$60/t, they demanded that the government should fix minimum export price of cement to Afghanistan at US$55/t. The ill-health of cement industry could send non performing loans ... |
Cemex wins antidumping battle, Peru29 November 2010, Published under Cement NewsOn November 18, Peru’s National Institute for the Defense of Competition and Intellectual Property Protection (INDECOPI) issued an order revoking the request to apply anti-dumping duties on imports of white cement by Cemex of Mexico, requested by Compañía Minera de Agregados Calcáreos S.A. (COMACSA). The resolution issued by the Indecopi Tribunal notes that imports by Cemex between 2003 and 2006 did not cause injury to domestic production, and COMACSA’s economic indicators were positive, b... |
Industry: Vietnam clinker imports forecast at 2Mt in 201024 November 2010, Published under Cement NewsThe Ministry of Construction predicted Vietnam will import between 1.9-2Mt of clinker this year, up about 40 per cent from a year earlier. The nation bought 1.8Mt of clinker in the first ten months, including 50,000t in October, the ministry was cited by the state-run Vietnam News Agency as saying Tuesday. In an effort to limit the import of clinker, the ministry issued Decree 01/2010/TT-BXD to stipulate quality management of commercial clinker. The MoC forecast Vietnam will face a cement ... |
Pakistan: cement sector profits to firm going ahead24 November 2010, Published under Cement NewsCement sector profits are expected to continue in coming quarters on the back of a 16 per cent increase in cement prices, according to IGI Securities. Retail prices of the commodity have shot up by 55 per cent in less than a year to levels of INR335/bag from levels of INR225/bag in January 2010 which bodes well for the sector, said IGI Securities analyst Sana Abdullah. Cement prices in the local market started to surge after May following reports of a price consensus amongst industry playe... |
Vietnam: Cement industry looks to limit imports23 November 2010, Published under Cement NewsThe domestic cement industry expects to export between 200,000-250,000t of clinker and cement in the remaining months this year in a bid to hit an annual total of 700,000t. The Ministry of Construction predicts the country’s cement consumption in 2010 will reach 50-51.5Mt, an 11 per cent year-on-year increase. Deputy minister of Construction Nguyen Tran Nam said in October alone, total cement consumption was estimated at 3.88Mt, a decrease of 8 per cent against September, attributed to rai... |
Mixed response to government’s cement tariff increase08 November 2010, Published under Cement NewsThe 35 per cent increase in tariff on imported cement recently announced by Nigeria’s Federal Government has continued to generate mixed reactions from professionals and stakeholders alike in the construction industry. The increase which according to government is to encourage backward integration has not gone down well with a cross section of watchers of the industry. Some others have, however, posited that the development should be allowed to evolve in order to ascertain its benefits or o... |
India: cement companies struggle with rising costs22 October 2010, Published under Cement NewsWith India looking to spend billions of dollars over the next few years to develop its creaking infrastructure, it would be fair to assume that cement companies would be among the top beneficiaries. After all, the country needs mountains of cement as it goes about building new bridges, dams, roads and power plants. But, a look at the third-quarter numbers of ACC Ltd. and Ambuja Cements Ltd., India’s second- and third-largest cement makers by capacity and subsidiaries of Switzerland-based H... |
Senegal exports fall 10 per cent in August to US$175.7m on cement shipments22 October 2010, Published under Cement NewsSenegalese exports fell 10.2 per cent to CFA83bn (US$175.7m) in August on declining petroleum and cement shipments, the state statistical agency said. Exports from the West African country rose 13.1 per cent to CFA685bn in the first eight months of 2010, as total cement shipments increased 44.5 per cent, the agency said. Imports into the former French colony fell 20.1 per cent to CFA175.3bn in the first eight months of the year, four per cent higher than the same period in 2009, the statem... |
India: cement cos to hike prices again despite low demand15 October 2010, Published under Cement NewsCement makers seem to be on a spree to hike prices of the commodity despite sluggish demand. In less than a fortnight after increasing price by INR20/ 50kg bag mostly in western and southern India, cement companies have intimated dealers and stockists about another INR15-20/bag hike almost across the country from Dussehra, October 17. The proposed hike goes against the common practice of keeping prices unchanged during Dussehra and Diwali when construction activities typically dip. "Despit... |
Pakistan cement exports fall13 October 2010, Published under Cement NewsPakistan cement and clinker export dispatches reached 622,970t in September 2010 compared to 821,413t in corresponding period last year – reflecting a decrease of 24.16 per cent over September 2009, says top cement industry officials. Afghanistan has emerged the largest importer of cement from Pakistan. Pakistan’s largest cement manufacturer and exporter, Lucky Cement Ltd, told CemNet that decline in export dispatches of cement was observed due to the weak demand in the international mark... |