Cement News tagged under: Trading
Oman buys Pakistani cement20 May 2008, Published under Cement NewsThe first 17,500-tonne cement shipment from Pakistan will arrive here in the first week of June as announced recently by the Ministry of Commerce and Industry. The shipment is aimed at meeting the increased demand for cement in the local market. Oman Cement Company, in coordination with the Ministry of Commerce and Industry, will distribute the shipment among dealers across the Sultanate. Sayyid Qahtan bin Yaroub Al Busaidi, chairman of Oman Cement Company, said the OCC and the Ministry of ... |
China’s cement industry to lift prices19 May 2008, Published under Cement NewsChina’s cement industry plans to lift price for the fourth time in Oct.-Dec. 2008 as a result of eliminating 600Mt of obsolete production capacity and increasing industrial concentration, China Securities Journal reported. Guo Jingbin, executive director of Anhui Conch said that the company has lifted the price three times this year. The price went up 9.25 percent year on year in the first quarter and up 8-10 percent quarter on quarter in the second quarter. Until the adjustment, China’s ce... |
Pakistan cement export progress19 May 2008, Published under Cement NewsCement exports from Pakistan are still lucrative due to the commodity’s high demand and shortage in the region, especially in India and the UAE, placing Pakistan in a favourable position to further increase its exports. According to latest data, cement sales increased by 24 per cent in 10 months (July-April) of fiscal year 2008. This growth has been primarily due to a 142 per cent jump in exports during the period. At present, neighboring India and the United Arab Emirates are the key expo... |
Lucky Cement, Noor Investment sign MoU16 May 2008, Published under Cement NewsLucky Cement has signed a Memorandum of Understanding (MoU) with Noor Financial Investment Company (Noor) for the supply of 500,000tpa of clinker for a period of five-years with additional option of 150,000t each year. The MoU will allow Lucky Cement to further enhance its exports to the Middle East under a guaranteed offtake agreement. Middle East, at present, is undergoing a construction boom and countries like UAE, Kuwait, Iraq and Qatar are facing shortfall of cement. Noor is the finan... |
Pakistan to export 52,000t of cement to India12 May 2008, Published under Cement NewsPakistan will export about 52,000t of cement to India in the next two months. This step has been necessitated after the cement cartel in India is said to have informed that country’s Government that it could take that much time for them to bring prices of that product down to acceptable levels. Cement manufacturers and steel producers have said that they would get back to the government after discussing to what extent they could cut prices. The Government of India has warned that it wi... |
India may ban cement exports if prices rise11 April 2008, Published under Cement NewsIndia may consider banning cement exports if prices continue to rise, Commerce and Industry Secretary G.K. Pillai said on Friday, but he added that volumes were currently small. "Cement exports are now only 2Mt, which is very small compared to domestic output. We may consider ban on exports if prices rise," Pillai told reporters. |
Belarus raises cement prices09 April 2008, Published under Cement NewsBelarus has raised cement prices and reduced trade discounts in accordance with resolution #68 of the Economy Ministry dated March 24. Traders now charge corporate entities 19,870 Belarusian rubles (Br) and individuals 20,860 rubles per a 50kg bag of 400-D20 cement, up 33% from the previous price effective before April 1, and the price of the most expensive type, 500-D0, rose 38% to 21,460 rubles and 22,530 rubles per a 50kg bag for corporate and individual buyers, respectively. Al... |
India to facilitate more cement imports from Pakistan08 April 2008, Published under Cement NewsWith mounting political pressure to check price rise, the Indian Government is likely to facilitate more cement imports from Pakistan in its all-out efforts to rein in inflation, which has touched a three-year high. “A lot of cement capacity is coming up. The Government will facilitate more cement imports from Pakistan. “In the last one year, cement prices have been reasonably stable,” Ajay Shankar, Secretary in the Department of Industrial Policy and Promotion, told reporters here ... |
Ras Al Khaimah Cement buys S.Africa coal cargo at $150/t03 April 2008, Published under Cement NewsUAE cement maker Ras al Khaimah Cement Co has bought a prompt cargo of South African coal from traders Glencore at around $150.00 a tonne CIF, traders said. Ras al Khaimah Cement is one of several Gulf cement makers which have been in the market recently for South African coal used as a fuel and raw material in cement manufacture. Coal has become cheaper than oil or gas for Gulf cement makers. The cargo was sold on a delivered-to-plant basis at around $155.00 a tonne, traders ... |
Egypt says could review cement bans02 April 2008, Published under Cement NewsEgypt’s government could repeal the ban on cement exports before its scheduled end if prices fall, the country’s deputy trade minister said on Tuesday. The export ban could also be extended beyond October if local prices did not stabilise, Hesham Ragab told Reuters at a grains conference in the Sinai resort of Sharm el-Sheikh. "They could be reviewed at any time," he said. "They could be extended or they could be ended." Egypt last week banned cement exports between Mar. 29 and Oct. 1, sa... |