Cement News tagged under: Trading
Jamaica’s cement shortage ends30 September 2024, Published under Cement NewsJamaica’s cement shortage has ended. According to the minister for Investment and Commerce in Jamaica, Senator Aubyn Hill, the Caribbean Cement Co Ltd (CCCL) has assured him that adequate supplies of cement are now available to consumers. In a ministerial statement to members of the Upper House, Hill said the company told him on that enough cement was on the market for players in the construction industry. Earlier this month, CCCL confirmed that it could not meet the demand in the local... |
GICA to raise exports to 10Mta30 September 2024, Published under Cement NewsAlgeria's Groupe Industriel des Ciments d'Algérie ( GICA ) is setting ambitious targets to elevate its export capacity to 10Mt in the coming years, according to Dzair Tube. This initiative aligns with Algeria’s national strategy to diversify revenue sources beyond the hydrocarbon sector, reflecting the country’s broader economic vision for sustainable growth. The Ain Touta cement complex , a subsidiary of GICA, has marked a significant milestone in technological advancement, as highlight... |
Kyrgyzstan lawmaker urges government to lift ban on Uzbek imports27 September 2024, Published under Cement NewsA Kyrgyz lawmaker has called for the removal of the country’s ban on importing cement from Uzbekistan, highlighting the potential benefits for consumers and the local construction industry. Speaking at the parliamentary fuel and energy complex committee on September 24, MP Alisher Kozuyev argued that the ban is fostering local monopolies and driving up cement prices domestically. He noted that, prior to the ban, Uzbek cement was priced between KGS0.60-1 (US$0.01) cheaper per unit compared t... |
SCIMAT exports 60,000t of clinker in YtD26 September 2024, Published under Cement NewsSociété des cements d'Ain Touta (SCIMAT), part of Group Industriel des Ciments d'Algérie (GICA), has exported 60,000t of clinker since the start of 2024, according to Maamar Bahloul, the company's CEO. The majority of the clinker shipments were delivered to Tunisia. Last year, the company exported 260,000t of clinker. SCIMAT intends to increase its exports, both in existing markets and new ones. |
Carbon price sees sharp falls, testing major support25 September 2024, Published under Cement NewsThe EUA price has been steadily falling in alignment with the lower energy complex. A rally towards EUR74 in mid-August, talking the market back in the long-term uptrend, was punctured as first oil then gas, and coal began drifting lower. Several hedge funds have also reduced long positions as the tone for green markets turned a slightly bearish as several P2X and hydrogen projects were delayed or closed. EUA front-year contract, May 2021-September 2024 In addition, there have b... |
Energy Index driven lower by oil – petcoke below US$60 with high discount offer23 September 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitics still dominate the markets. Financial markets expect the US Federal Reserve to deliver a 0.25 per cent cut in mid-September and a further 0.25 per cent before the US presidential elections. This could be followed by the European Central Bank and seen as the trend for 2025. The focus remains on inflation, which now is falling in both US and EU. Meanwhile, in the Middle East tension has somewhat calmed, however, high levels of tensio... |
Pakistan's cement export volume rose amid lesser revenue in 2MFY24-2520 September 2024, Published under Cement NewsPakistan’s cement and clinker exports dropped by 16.9 per cent in the first two months of the current financial year 2024-25 to US$36.70m (992,026t) from US$39.64m (981,400t) in the same period of the previous year, as reported by the Pakistan Bureau of Statistics (PBS). In Pakistani rupee terms, export revenue saw a double-digit fall of 10.7 per cent to PKR10.22bn (US$37.6m). However, export volumes increased by 1.1 per cent YoY in the same period. The export growth trend from the previo... |
China to include cement in national carbon trading10 September 2024, Published under Cement NewsChina has announced its draft plan to expand the country’s carbon trading market by including cement as well as electrolytic aluminium and steel, seeking public feedback. The draft plan is a significant step in expanding the world’s largest carbon trading market as it currently only covers coal-fired power generation. It would increase the market’s coverage to ~60 per cent of the country’s total carbon emissions. The results of a comprehensive evaluation of seven sectors to assess their r... |
Sri Lanka slash duty on cement import09 September 2024, Published under Cement NewsTo facilitate uninterrupted imported cement and boost the construction industry, the Sri Lankan government announced that the cess imposed on imported cement was reduced by INR1 (US$0.01)/kg to extend relief to the construction industry. This levy reduction was in effect from 6 September, as notified by the Finance Ministry through local media. Specifically, the tax on artificially-coloured or white cement has been reduced from INR5 to INR4/kg. In contrast, the cess on cement imported in... |
Carbon market trades within range, falling back with equity markets30 August 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Following the French election the carbon market rose towards EUR71.50 and seemed to be back in the uptrend. However, the events in the financial markets dragged the prices downwards while at the same time increased short speculation combined with higher auctions from August added downward pressure. In addition, Hungary’s EU leadership did not prioritise the green transition, leading to nervous signals in the market. This resulted in the car... |