Cement News tagged under: international
Argentina's cement consumption declines 16% in January15 February 2019, Published under Cement NewsCement demand in Argentina fell 16.3 per cent to 873,958t in January 2018, when compared with 1,043,732t in January 2017, according to the latest data from the Argentinian cement association, AFCP. This demand was supplied entirely by domestic producers and no imports were reported. Total output declined by 14.2 per cent YoY to 884,334t in the first month of the year from 1,030,361t in January 2017. Of this total, around 10,376t were exported, a significant improvement when compared with 8... |
Cement continues to shine Pakistan's Stock Exchange15 February 2019, Published under Cement NewsCement stock performance on the Pakistan Stock Exchange (PSX) continues unabated. According to a research house report, Pakistan equities closed marginally negative with benchmark KSE100 Index settling at 40,544 levels today. The market kicked off positive and traded in green for most part of the day but succumbed to losses in the end due to institutional selling. Cement remained in the limelight owing to receding coal prices. As such, Fauji Cement Co Ltd shares were up 1.66 per cent, M... |
Brazil cement market expands 4% in January 201914 February 2019, Published under Cement NewsDomestic cement sales in Brazil totalled 4.5Mt in January 2019, according to the National Union of the Cement Industry (SNIC). When compared with January 2018, the latest data reflect an advance of 4.2 per cent. In terms of days worked, domestic sales advanced 2.5 per cent MoM. Domestic sales jumped by 10.8 per cent in Brazil’s south to 738,000t and significant gains were also reported in the central-eastern part of the country with sales increasing 7.6 per cent to 467,000t. However, in th... |
Payra Port Authority plans coal/bulk terminal14 February 2019, Published under Cement NewsPayra Port Authority (PPA), under the Ministry of Shipping, Government of Bangladesh, intends to develop a coal/bulk terminal at Payra Port, Kalapara, Patuakhali, Bangladesh, via a public-private partnership (PPP). The port authority announced it was seeking the expertise of international experts or consortium to participate in proposed project. The successful bidders/consortium will design, build, finance, operate and maintain the coal/bulk terminal and subsequently transfer the termina... |
Cement prices rise 36-44% in Tamil Nadu14 February 2019, Published under Cement NewsThe price of a bag of cement in Tamil Nadu, India, has increased 36-44 per cent in the past week, rising from INR250 (US$3.54) to INR340-360. R Radhakrishnan, trustee and former national president of the Builders’ Association of India, has noted that the increase will affect construction projects. "The price of basic raw materials in manufacturing of cement has not increased. The price of cement bag has increased by INR100. This increase is totally unethical. We request the government to fo... |
Saudi cement sales fall 9% in January13 February 2019, Published under Cement NewsCement sales in Saudi Arabia declined by nine per cent in January 2019 when compared with sales in the previous year. Sales volumes of companies listed on the Tadawul fell 9.3 per cent YoY to 3.7Mt, according to a monthly report by Yamama Cement. Cement stockpiles increased to 1.12Mt from 1.05Mt. Southern Province Cement Co posted the highest sales in January, up 27 per cent YoY to 569,000t. Saudi Cement Co followed with sales of 452,000t, representing a YoY decrease of 11.7 per cent. N... |
India cement GST cut on the agenda13 February 2019, Published under Cement NewsIndia’s General Sales Tax (GST) Council will consider a proposal to slash the tax on cement from 28 to 18 per cent at its meeting on 20 February, along with a ministerial panel report that proposes a reduction in rates in under-construction properties, including affordable homes, according to Indian newspaper The Telegraph. However, the reduction of GST for cement to 18 per cent will represent a loss of INR130bn annually to the government. The Narendra Modi-led government wants the GST re... |
Private construction to increase Thailand's cement demand13 February 2019, Published under Cement NewsCement demand in Thailand is forecast to increase in the next few years after a recovery in the private construction sector, says Fitch Ratings. Fitch Ratings expects high-single-digit growth for cement demand in Thailand in 2019, while cement sales data from the Office of Industrial Economics in 3Q18 reported 3.7 per cent YoY growth and a further 2.8 per cent growth in 4Q18. Domestic cement demand for all of 2018 remained low at 0.8 per cent growth YoY. "Cement consumption should rise... |
Indonesian cement market expands 5% in 201813 February 2019, Published under Cement NewsIndonesia’s cement consumption advanced by 4.8 per cent YoY to 69,565,129t in 2018 from 66,349,944t, according to the preliminary data of the Indonesian Cement Association (ASI). While cement demand declined 5.4 per cent to 4.632Mt in the Jakarta area and slipped by 0.6 per cent in East Java, other regional markets saw significant growth. Cement demand in Yogyakarta surged by 10.8 per cent to 1.214Mt, followed by Banten, where consumption advanced by nine per cent to 3.475Mt. In Central Jav... |
Moroccan cement consumption rises to 1.17Mt in January13 February 2019, Published under Cement NewsCement sales in Morocco edged up to 1.17Mt in January 2019 from 1.11Mt in January 2017, according to the country’s cement association, APC. The rise in demand, which follows a market contraction of 3.7 per cent in 2018, has been welcomed with one operator commenting: “The recovery of the cement market is comforting. We hope that this upward trend will continue in the coming months.” |