Cement News tagged under: trading
Fears Ghana's cement price will climb above GHS60/bag02 September 2021, Published under Cement NewsGhana's cement price is likely to continue rising and could surpass GHS60/bag (US$9.94) by the end of the year if some taxes and levies are not scrapped, say cement producers. In the last seven months cement prices in the country have risen three times, amounting to a 27 per cent rise and pushing retail prices to GHS50/bag.Manufacturers have had no choice but to absorb a lot of the costs to keep cement prices at their current level. Raw material prices continue to rise and the scarc... |
Pakistan cement exports have a subdued July01 September 2021, Published under Cement NewsPakistan began export of cement and clinker in the first month of new fiscal (July 2021) with lower value and quantities, MoM and YoY. All Pakistan Cement Manufacturers Association (APCMA) attributes the declining trend in local and export dispatches to monsoon rains and the stoppage of construction activities due to Eid-ul-Azha across the country. According to the Federal Bureau of Statistics (FBS), Pakistan's cement industry earned export revenue of US$11.967m by dispatching of 299,... |
CeMAP records rising cement imports from Vietnam30 August 2021, Published under Cement NewsThe Cement Manufacturers Association of the Philippines, (CeMAP) Inc said Vietnam's cement exports to the Philippines rose 17 per cent YoY to 2.51Mt in the first four months of 2021, making the Philippines the second-largest destination for Vietnam exporters. "With a huge surplus and lower domestic demand, we will likely see a more aggressive effort from Vietnam exporters to flood the Philippine domestic market with imported cement," CeMAP Executive Director Cirilo M Pestano II said in a ... |
Vietnamese exports slip 2% in July27 August 2021, Published under Cement NewsTotal cement and clinker exports from Vietnam declined two per cent YoY in July 2021, according to the Vietnam National Cement Association (VNCA). The country’s cement producers supplied 3,202,346t of cementitious product to customers beyond its borders. However, when compared with June 2021, exports were up by 15 per cent. Of the total, 1,944,217t were clinker exports, down 41 per cent YoY but up 55 per cent when compared with June 2021, when 1,255,479t were exported. Cement exports saw... |
Cement sold through Iran's mercantile exchange rises18 August 2021, Published under Cement NewsThe operations manager of the Iran Mercantile Exchange (IME), Abbas Yaghoubi, has provided an update regarding the offering of all the country's cement via the IME, according to Trend News. Currently, 56 companies out of 78 cement companies have been admitted to offer their products through the IME, but further companies are expected to also accept and submit documents. "The trend of cement offering in the IME is upward," said Mr Yaghoubi. "The offering of cement via IME started from 1... |
Kazakhstan lifts import restrictions27 July 2021, Published under Cement NewsKazakhstan has lifted the restriction on cement imports from third countries, Trend reports. As a result, cement clinkers, Portland cement, alumina and hydraulic cements are allowed to be imported into the country. The lifting is expected to benefit the demand in the western regions and reduce the price of cement in Kazakhstan. The ban was introduced on 30 April 2021 by the Ministry of Industry and Infrastructural Development to support local cement producers. However, cement prices in... |
Rock Hard Distributors sees import restrictions claim dismissed22 July 2021, Published under Cement NewsThe judicial review claim brought by Trinidad and Tobago-based Rock Hard Distributors and St Lucia-based Rock Hard Distribution Ltd against the Ministry of Trade and Industry against the ministry’s steps to introduce a quota on imported cement and a proposal to increase import duties was dismissed by Justice Jacqueline Wilson. The claim sought to challenge the decision made by the ministry on 13 November 2020 introduce import quota from 1 January, allowing only a total of 75,000tpa for all... |
Another busy export year for Pakistan’s cement industry21 July 2021, Published under Cement NewsThe Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for the just-concluded FY20-21 (July 2020-June 2021). Both value and quantity of exports rose in this period when compared with the equivalent months in FY19-20. Pakistan's cement industry in 12MFY20-21 earned US$267.91m of export revenue by dispatching 7.815Mt of cement and clinker overseas, compared to US$259.44m from 7.11Mt of exports in the year-ago period. The export figures represent a noticea... |
Vietnam considers higher cement export tariff20 July 2021, Published under Cement NewsVietnam’s Ministry of Finance (MoF) has reportedly proposed that the government consider increasing the export tariffs for clinker to 10 per cent from five per cent, according to Vietnam News. The MoF explained that exports of cement and clinker are not sustainable as their production uses non-renewable sources. Cement and clinker producers in Vietnam are also making use of a low electricity tariff. |
Bangladesh cement export revenue fall19 July 2021, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$7.26m in the last fiscal year (July 2020-June 2021), compared to US$9.14m in the year-ago period, a fall of 20.6 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh exports 90 per cent of its cement to India. An increase in local consumption and high cost of exports attributed to lesser export, a research house... |