Cement News tagged under: trading
Monthly advance in Pakistan export revenues30 August 2017, Published under Cement NewsPakistan's cement export revenue during July 2017 increased by 25.02 per cent compared to the previous month but declined by 0.94 per cent on YoY basis, according to data released by the country's Federal Bureau of Statistics. A breakdown of the figures reveals that the country exported 428,489t of cement with revenues of US$22.51m in July 2017 compared to 349,430t at US$18.01m in June, 2017. This translates into a rise of 22.63 and 25.02 per cent in volume and value terms, respectively. ... |
DTI campaign against 'substandard' cement imports receives backing18 August 2017, Published under Cement NewsCement importers put their support behind the Department of Trade and Industry’s (DTI) campaign to prevent the entry of 'substandard' imported cement into the Philippines, reports the Business Mirror. In a news statement, Col Dani Enriquez (Ret), also the executive director of the Philippine Cement Importers Association (PCIA), stated that cement importers are one with the DTI to restrict the entrance of substandard cement in the country. "We are categorically against importation of sub... |
Cement imports surge in Costa Rica16 August 2017, Published under Cement NewsThe import of cement into Costa Rica has skyrocketed in the past two years, according to El Financiero Costa Rica. In 2014 the Latin American country imported 10,418t of cement but in 2016 this figure had increased more than tenfold to 107,294t. The steep rise has been particularly noted since 2015, when the Ministry of Economy, Industry and Commerce (MEIC) changed the regulations regarding hydraulic cements, changing storage conditions and the flexibility of the marketing period. ... |
Vietnam considers cutting export tariff to aid cement oversupply07 August 2017, Published under Cement NewsVietnam’s Ministry of Planning and Investment (MPI) has proposed the export tariff be reduced to aid cement exports from the country. Domestic cement manufacturers have been struggling to export cement to ease the domestic oversupply. However, with the changes in tax policies, the clinker export cost has increased to US$4.5/t and the cement export cost US$7.5/t. This puts Vietnamese cement producers at a competitive disadvantage with rivals from China, Thailand, Indonesia and Japan, industr... |
Vietnam's Ministry of planning calls for export tax cut28 July 2017, Published under Cement NewsVietnam's Ministry of Planning and Investment has proposed export tax cuts on cement, while local producers struggle with high stockpiles, claims Viet Nam news. In a recent report submitted to the government, the ministry said that the export tax rate of five per cent on cement was too high. The ministry estimated that no deduction on input VAT, coupled with five per cent export tax rate, pushed up prices of cement and clinker by US$7.50 and US$4.50/t, respectively. The ministry propos... |
Pakistan's cement exports fall during FY1724 July 2017, Published under Cement NewsDuring the FY16-17 (July 2016-June 2017), Pakistani cement producers exported 4.53Mt of cement at a total value of US$237.88m, compared with 5.97Mt at US$321.21m in the equivalent period of the previous year. This represent a YoY retrenchment, both in terms of value (-25.94 per cent) and volume (-24.17 per cent). During this period, value of cement in US$ fell to US$52.46/t from US$53.72/t. On MoM basis, Pakistan cement exporters have earned revenues of US$18.01m on exports of 349,430... |
Philippine Trade Secretary defends import order24 July 2017, Published under Cement NewsPhilippine Trade Secretary, Ramon Lopez, has defended the legality and fairness of the recently-issued administrative order on cement importation following attacks on the order by importers. “The only reason post import standard is being done is only to ensure consumer protection. This is being done in other countries. We need to protect consumers from possible substandard imported cement. Lives can be endangered if substandard cement gets into the market,” Mr Lopez said. The order, ... |
Vietnam government urged to reduce export duty21 July 2017, Published under Cement NewsVietnam’s Ministry of Planning and Investment has proposed the government to reduce export duty on cement to help domestic cement producers to promote exports. According to the government’s Decree No 100/2016/ND-CP, exported cement products are not eligible to enjoy input value-added tax (VAT). Furthermore, the product is subject to a five per cent export tax, which has lifted export costs to US$4.50/t clinker and US$7.50/t of cement (based on average FOB prices of US$30 and US$50, ... |
Bangladeshi exports earn US$9.58m in 11MFY16-1707 July 2017, Published under Cement NewsThe Bangladeshi cement industry earned an export revenue of US$9.58m during the first 11 months of FY16-17 compared to US$1.85m in corresponding months in a year ago. The export figure also includes a minor amount of salt, stone and related products, but the country’s export promotion bureau has welcomed the rise in cement exports. The figure substantially exceeds the government’s export target of US$2m for FY16-17, slightly down YoY from US$2.17m. India is the main destination of Ba... |
Pakistan terminal begins commercial operations06 July 2017, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBT) has started commercial operations from the country's first and only common-user coal, cement and clinker terminal at Port Qasim, near Karachi. In May the company announced that the terminal commenced hot commissioning and achieved a significant milestone by handling the first coal cargo vessel of 41,000t. PIBT has invested around US$285m to establish the state-of-the-art mechanised, coal, clinker and cement bulk cargo terminal. Under a 30-... |