Cement News tagged under: Trading
Dubai government helps cut cement prices19 August 2004, Published under Cement NewsSince the Dubai government moved to cancel import duties on cement in early August, between 4,000 and 5,000 tonnes of cement have been shipped to Dubai. The government cut the duties and other handling and storage fees to support UAE construction companies. Cement prices surged from US$52 to US$87 per tonne in May, but have now subsided to US$76 per tonne on improved supply. |
Philippines stops Solid sales18 August 2004, Published under Cement NewsThe Philippines’ Department of Trade and Industry Tuesday said it ordered the local cement making unit of Mexico’s Cemex to stop selling and distributing cement under its Island brand. Trade Undersecretary Adrian Cristobal said Solid Cement Corp. has been barred from selling its Island brand cement after it failed government standard safety and quality tests. "We cannot risk the public’s safety by allowing the continued distribution of substandard cement," he said. Cristobal said the D... |
China’s export of cement in June17 August 2004, Published under Cement NewsChina exported 720,000t of cement valued at US$24.074m in June 2004. The export in January-June reached 2,750,000 tons valued at US$93.084m up 7.7 percent and 12.4 percent respectively year on year. Jan-04 exports were 230,000t; February 630,000t; March 1.04Mt; April 1.66Mt; and May 2.03Mt according to customs data. |
Nigerian imports17 August 2004, Published under Cement NewsAbout a fortnight ago, the Minister of Industries, Alhaji Mogaji Mohammed, visited the cement works at Okpella in Edo State, which are now being rehabilitated. Stating government’s objective of ensuring self-sufficiency in the production of cement, he used the occasion to exhort that cement companies should shift focus from merely rebagging imported bulk cement to its full-scale local production as government would before long ban its importation. Preparatory to effecting the ban, he p... |
Independents crowded out – claim16 August 2004, Published under Cement NewsThe four major cement producers: France’s Lafarge, Switzerland’s Holcim, Germany’s Heidelberg Cement AG and Cemex -- are aggressively pushing independent traders out of even far-flung markets, according to Nader Dajani, head of Amman-based CTI, a holding company for cement trading houses and owners of floating cement terminals, Their acquisitions of local cement companies in the Middle East and Southeast Asia have reduced independent traders to 10 per cent of the market from over 60 percent... |
Cement, steel prices up16 August 2004, Published under Cement NewsCebu, Philippines: Due to the increases in fuel prices, the cost of construction materials, including cement and steel bars, has also gone up. The Department of Trade and Industry (DTI) said the prices of cement went up by 5.63 percent due to adjustments in oil prices. Costs of steel bars have also gone up by 13 percent because of two reasons-strong demand in China and because of the fuel price increases, said Asteria Caberte, DTI director for Central Visayas. Caberte said that based on thei... |
Threat of nationwide transporters’ strike16 August 2004, Published under Cement NewsCement prices are likely to go up by between Rs 10 and Rs 15 across south India because of the threat of a nationwide transporters’ strike from August 21. The end of the monsoon season is also being cited as another reason. At present, cement prices are hovering between Rs 132 and Rs 145 per bag in Andhra Pradesh, between Rs 160 and Rs 170 in Tamil Nadu, between Rs 160 and Rs 170 in Karnataka and between Rs 167 and Rs 170 in Kerala. In the case of AP, the start of the Krishna pushkarams (fest... |
Garadagh sets new prices16 August 2004, Published under Cement NewsGaradagh Cement declared the new recommended prices of cement for the attention of the dealers. Azer-press reports that the recommended prices in Baku are AzM 18 thousand per standard sack (50 kg) of the Ì400 cement and AzM 16.5 thousand per standard sack (50 kg) of the Ì300 cement. The recommended prices in Sumgait are AzM 18.5 thousand per standard sack of the M400 cement and AzM 17 thousand per standard sack of Ì300. The recommended prices in the provinces of the country will vary dep... |
Ararat exports16 August 2004, Published under Cement NewsExport volume of Araratcement (Armenia) in seven months of 2004 grew almost 14 times and amounted to 1.430 billion AMD, as against 10.273 million AMD in the same period of 2003. According to the report of RA Ministry of Finance and Economic Development, at this total realization volume of the company in report period grew by 80.3% and amounted to 3.08 billion AMD, as against 1.7 billion AMD in 2003. The company produced 3.24 billion AMD worth products as against 2.2 billion AMD in the same pe... |
Cement merchants offload stocks16 August 2004, Published under Cement NewsUAE Cement suppliers have in recent days started offloading stocks they had earlier built up in anticipation of higher prices. With imports set to flow in after a deal hammered out by the UAE Contractors Association, they fear a market glut might cause prices to crash, industry sources said. Some contractors are now holding off from fresh purchases at current rates of Dh17-Dh18 per bag in anticipation of cheap imports that might be as low as Dh11-Dh12 per bag, they added. "The situati... |