Cement News tagged under: trading
Pakistan cement exporters earn US$499m in FY2011-1225 July 2012, Published under Cement NewsPakistan cement manufacturer and exporters during FY2011-12 (July-June) exported 8.257Mt of cement and earned US$498.909m compared to 9.299Mt at US$457.448m in corresponding period last year, according to data released by Federal Bureau of Statistics. This shows that cement exports fell by 11.21 per cent in terms of quantity but rose 9.06 per cent in dollar value over the corresponding period last year, respectively However, on Pakistan rupee terms, exports increased significantly by 14.... |
Iran exports climb13 July 2012, Published under Cement NewsIran exported 3.34Mt of cement and clinker in the first three months of the current calendar year which began on March 20, the IRNA News Agency has reported. Some 2.89Mt of cement and 449,400t of clinker were exported during the period. Iran's cement production capacity will be increased by 6.8Mt to reach 82Mt by the end of the current calendar year, Mohammad Fatemian, an official of the Industry, Mine and Trade Ministry, said in May. "The country's cement production capacity stood at 76.4M... |
Vietnam exports seen rising10 July 2012, Published under Cement NewsExports of cement and clinker are forecast to increase by 27 per cent this year compared to 2011, according to forecasts by the Vietnam Cement Association (VNCA). As as the country attempts to reduce excess supplies, the VNCA expects clinker exports this year to reach 6.2Mt and cement exports to be around the 1.5Mt mark, bringing overall volumes to 7.7Mt. Last year, total exports reached 6.04Mt, comprising 5.76Mt of clinker and 0.28Mt of cement. For the first six months of 2012, around... |
Pakistan cuts Indian cement export prices10 July 2012, Published under Cement NewsPakistan cement producers have cut export prices for India by 13 per cent due to currency movements. The Business Recorder of Pakistan reports that due to the depreciation of the Pakistan rupee, cement producers have reduced export prices by US$/9/t. As such, cement is now being exported to India at an average price of US$60/t compared to US$69/t previously. Market sources said this will help capture the Indian export market which holds much potential despite challenges such as transpo... |
Lebanon demand falls, brighter times anticipated22 June 2012, Published under Cement NewsDespite a slowdown in current market activity, a bright future lies ahead for Lebanon’s cement industry, according to the chief of one the country's leading producers. Speaking, to The Daily Star, Pierre Doumet, CEO of Cimenterie National, admitted that domestic consumption has been falling as well as demand from export markets due to regional instability and eurozone economic concerns. “We expect the demand on the local market to recede by at least 15 per cent,” he said, noting that e... |
Saudi Cement fined by Capital Markets Authority, Saudi Arabia28 May 2012, Published under Cement NewsSaudi Arabia's Capital Markets Authority (CMA) has fined four listed companies a total of SAR225,000 (US$60,000) including one cement producer for contravening the rules of the Arab world's largest bourse. Saudi Cement Co was ordered to pay SAR50,000 for failing to include its governance rules in its annual results. The kingdom's market regulator has asserted more control over the stock market over the past few years to "eradicate manipulative and speculative trading, and attract more s... |
India: dumping duty on UAE, Iran white cement extended23 May 2012, Published under Cement NewsIndia’s Finance Ministry has extended the validity of existing anti-dumping duty on white cement imports from Iran, UAE until 11 April 2013. Business Line reports that this this one year extension follows the anti-dumping directorate’s recent move to initiate sunset review investigations on white cement imports from UAE and Iran. The petition seeking the review was filed by JK White Cement Works and Birla White. The existing anti-dumping duty on white cement imports ended in April this... |
Citi cuts CNBM, Conch target price, China11 May 2012, Published under Cement NewsCiti Group has cut the target price of Chinese players CNBM to Sell and Anhui Conch to Neutral and outlines the latter's latest moves in terms of suspended and new capacity. “We think the industry affiliation in East China market is breaking down. Mills are restarting suspended production lines to recoup volume. Demand is recovering, as we expected, however not as fast as the supply resumption. Price pressure should materialize in the next one to two quarters,” the house said in a statem... |
Chettinad plans to delist, India11 May 2012, Published under Cement NewsThe promoters of Chettinad Cement Corporation are making a voluntary offer to the company's public shareholders to delist the shares from stock exchanges. The stock is currently listed on the National Stock Exchange and Madras Stock Exchange and in the permitted securities category of the Bombay Stock Exchange. The board is meeting on Tuesday to consider the delisting proposal, the Economic Times of India reports. The promoters of Chettinad Cement hold a large 88.4% stake in the compan... |
Chettinad plans to delist, India11 May 2012, Published under Cement NewsThe promoters of Chettinad Cement Corporation are making a voluntary offer to the company's public shareholders to delist the shares from stock exchanges. The stock is currently listed on the National Stock Exchange and Madras Stock Exchange and in the permitted securities category of the Bombay Stock Exchange. The board is meeting on Tuesday to consider the delisting proposal, the Economic Times of India reports. The promoters of Chettinad Cement hold a large 88.4% stake in the compan... |