Cement News tagged under: Trading
Cement prices to go up in January31 December 2004, Published under Cement NewsIn January, Indian retail cement prices are set to increase by Rs 5-10 per 50 kg bag across the country following a surge in construction activity. The rise may be the sharpest in Mumbai, the largest cement market in the country. A leading cement stockist in the city said, "The pickup in December has been very good and therefore prices are likely to move up in the first week of the new year." Currently, retail price of a 50kg bag in Mumbai is Rs172, while the wholesale price is Rs154-155. ... |
New coal allocation31 December 2004, Published under Cement NewsThe Indian Ministry of Coal has allotted coal linkage of 84Mt for the power sector for January-March 2005 period which is 10Mt more compared to the corresponding period in the previous fiscal. The ministry has also allotted 4.35Mt for the cement industry for the fourth quarter of the current fiscal. The short-term coal linkage for the quarter was approved by the Standing Linkage Committee (SLC) headed by Pradeep Kumar, additional secretary, coal, last week. According to officials, arou... |
Kuwait tries to ensure smooth cargo movements to Iraq30 December 2004, Published under Cement NewsThe Kuwaiti Public Ports Authority (PPA) has recently held a meeting to discuss ways to ensure a smooth movement of coalition forces’ goods to Iraq, the Arab Times reported on Thursday. The PPA’s General Manager Sheikh Sabah Jaber Al-Ali Al-Sabah was quoted as saying the meeting came upon a request from the coalition forces to use Kuwaiti ports to transfer goods that are necessary for replenishing the forces and equipment in Iraq, especially limestone, cement and construction materials, sai... |
Vietnam’s market forecast stable in 200530 December 2004, Published under Cement NewsThe offices, included the Ministry of Trade’s market steering department, the State Bank of Vietnam, the Ministries of Planning and Investment, Finance, Industry and others released the overview of the nation’s economic potential for next year. Experts have suggested that the government should cut clinker import taxes from non-ASEAN nations from 25 to 10 per cent, and approve the price road map submitted to the government by the Vietnam Cement Businesses Association. |
Antidumping Duty Administrative Review30 December 2004, Published under Cement NewsOn June 22, 2004, the Department of Commerce published the preliminary results of administrative review of the antidumping duty order on gray portland cement and clinker from Mexico. The review covers one manufacturer/exporter, Cemex and its affiliate, GCC Cemento, SA The period of review is August 1, 2002, through July 31, 2003. We determine that the following weighted-average margin exists for the collapsed parties, CEMEX and GCCC, for the period August 1, 2002, through July 31, 2003: ... |
Turkish Mardin Cimento to focus on exports to Iraq30 December 2004, Published under Cement NewsTurkish cement, clinker and ready-mixed concrete producer Mardin Cimento, plans to withdraw from the Syrian market and concentrate on exports to Iraq in 2005 in a bid to increase profitability, it was reported on December 29, 2004. Currently, the company directs 80 per cent of its exports to Iraq and the remainder to Syria. Mardin Cimento sold over 400,000t of products for January to September 2004 abroad and its exports account for 46 per cent of its total sales. The company, which is part ... |
China Exports 4.86Mt of cement28 December 2004, Published under Cement NewsChina exported 4.86Mt of cement in the period January to October 2004, up 14.7 per cent year-on-year. The exports generated $164m in revenue, up 20.6 per cent year-on-year. Exports of clinker totalled 675,000t for the 10-month period, up 151.5 per cent year-on-year. The value of the exported clinker was $19m, up 11.4 per cent. The year-on-year increase in Chinese cement exports in January to October 2004 is the first annual increase registered since 1996. Exports in 2004 were boosted by... |
Inventories at low levels27 December 2004, Published under Cement NewsFor the first time in four years, November-end inventories in the Indian cement industry (cement plus clinker) have fallen below the 6Mt level, according to a research by Motilal Oswal. At 5.93Mt, the inventories take care of just 17 days consumption compared with 7.05Mt in November last year. This is significant because the March and June quarters are the two best periods for the industry. If inventories are down before a period of high consumption, it could result in a shortage in some... |
North India likely to face cement scarcity in 2005 North India likely to face cement scarcity in 200523 December 2004, Published under Cement NewsAfter a situation of oversupply, the gap between demand and supply of cement is closing in. Northern India is particularly likely to witness some shortage in the coming months. Gujarat Ambuja Cement (GACL) whole-time director AL Kapur said to reporters from the Financial Express: "Over the next 3-4 months from now, some clusters in northern India may face cement scarcity. There is a long-awaited surge in cement demand in India and only a part of it can be called cyclical." Mr Kapur added tha... |
Colombia $110 Mln La Jagua Mine Sale Postponed22 December 2004, Published under Cement NewsColombian cement producer Cementos Argos postponed the $110m sale of the Colombian coal mine La Jagua to Swiss-based Glencore International for January 2005, from the originally scheduled December 31, 2004. Cementos Argos is Colombia’s largest cement producer and controller of Carbones del Caribe (CDC), which operates the mine, located in the northeastern parts of the country, close to the border with Venezuela. The postponement was due to the delays in the preparation of the papers to be... |