Cement News tagged under: trading
India cement prices may soon dip on supply glut21 September 2009, Published under Cement NewsACC, Ambuja Cements and Grasim Industries may soon cut cement prices as the commissioning of new plants has improved supplies and a late monsoon has slowed construction activities, thereby affecting demand, say cement dealers. "Prices are likely to soften going forward," said Sanjay Ladiwala, president of Cement Stockists & Dealers Association. According to the Cement Manufacturers’ Association (CMA), about 110Mt of capacity could be added at an investment of about Rs 50,000 crore over the ... |
Gujarat Ambuja seeks 200,000t S.Africa coal15 September 2009, Published under Cement NewsIndian cement maker Gujarat Ambuja is seeking 200,000t of South African coal for late 4Q shipment, Indian traders said. Indian cement makers such as Ultratech and Gujarat Ambuja have issued frequent and regular buying tenders this year for South African coal. Cement demand in India has been stable despite a fall in the pace of construction from last year’s levels. South Africa has been the cheapest coal origin for Indian buyers for the past several months. |
Cement and concrete prices drop in Abu Dhabi as demand weakens14 September 2009, Published under Cement NewsCement and concrete prices in Abu Dhabi fell this week by three and six per cent compared to the previous week, according to figures released by the Statistics Centre, Abu Dhabi. Traders in the emirate are of the opinion that prices would fall further as demand continues to weaken across the region. Prices of Al Etihad Portland Cement fell by three per cent, from Dh330 to Dh320 per tonne, compared to the previous week, while the price of sulphate resistant cement and white cement remained ... |
Pakistan cement exports rise14 September 2009, Published under Cement NewsPakistan cement export made a sudden jump during July, the first month of the current fiscal year (2009-10), to 1.16Mt from 0.84Mt recorded during June 2009. According to exporters, there had been around one million tons of exports for the last two years, but during July, the figure crossed the mark, indicating revival of cement demand in the world market. However, cement export in June 2009 temporarily declined as India stopped providing rail wagons. According to an understanding, both ... |
Cement company claims Vulcan cement being dumped04 September 2009, Published under Cement NewsCaribbean Cement Company on Wednesday officially requested the Antidumping and Subsidies Commission (ADSC) to investigate the sale of cement sold to local importers by Vulcan Materials Company - suppliers to Tank-Weld Metals - which the local manufacturer is not only saying is being dumped on the local market, but is providing super profits to the local importer. Bicknell... Carib Cement’s anti-dumping complaint is completely misconceived and will be vigorously resisted by Tank-Weld Carib C... |
Pakistan cement companies fined for forming cartel01 September 2009, Published under Cement NewsCompetition authorities in Pakistan have slapped a fine of about US$7m on 20 cement companies found guilty of operating as a cartel and raising prices under mutual agreement, official documents show. A copy of the judgement given by the Competition Commission of Pakistan (CCP) and posted on its website (www.mca.gov.pk) said each company has been asked to pay penalties equivalent to 7.5 per cent of their last annual turnover, which amounts to PKR6.352bn. The companies penalised include lead... |
Jamaica waiver duty to stay27 August 2009, Published under Cement NewsJamaica will retain the duty waiver for importers of cement but has reserved a larger portion of the market for the Rockfort-based monopoly producer. Carib Cement was pressing to reclaim 100 per cent of the market, but Karl Samuda said Tuesday he would give them a secure 80 per cent, while importers would have the remaining 20 per cent, which becomes effective after September 9. The decision has to be approved by Caricom before Jamaica can claim it a done deal. The waiver, if approved, wo... |
Nigeria: cement price drops 13 per cent in Asaba25 August 2009, Published under Cement NewsThere has been a 13 per cent reduction in the price of cement in Asaba, according to a market survey by the News Agency of Nigeria (NAN). The price dropped from N1900 (US$12.24) for a bag in July to N1,650 (US$10.63) in August. Some of the cement dealers attributed the price reduction to the rainy season. Oluchi Eze, a cement dealer, said that a bag of both the Dangote and Elephant brands, which sold for N1900 in May, now sells for N1,650. Eze said there was less demand for cement in ... |
UAE: prices of building materials decline in Abu Dhabi24 August 2009, Published under Cement NewsThe Statistics Center-Abu Dhabi reported in its monthly bulletin that the prices of cement and concrete in the emirate witnessed a declining tendency in July compared with June, giving a boost to the construction activity, Khaleej Times reported. The Statistics Center said that Abu Dhabi’s cement prices declined by 1.74 per cent on an average in July compared with the previous month, due to the drop in the price of Ittihad sulphate resistant cement by 0.71 per cent. It added that Ittihad P... |
Uganda cost of basic construction materials rise23 August 2009, Published under Cement NewsUgandans undertaking construction projects are facing higher costs today following an increase in the price of basic construction materials compared to last year. Consequently, most project owners are being forced to abandon them or prolong the completion schedule to cope with the costs. The overall price index for the construction sector increased by two per cent in the second quarter of 2009 up from two per cent in the first three months of the year according to the Uganda Bureau of Stat... |