Cement News tagged: Trading
Vietnamese clinker exports fall, cement exports advance in November
Clinker exports from Vietnam saw a nine per cent drop in November 2021 to 2,854,949t when compared with November 2020, according to the Vietnamese cement association, VNCA. Cement exports increased by five per cent YoY to 1,739,582t in November 2021 when compared with November 2020. Total exports saw a 46 per cent YoY leap to 4,594,531t in November 2021. January-November 2021 Total exports ...
Argos set to commission new terminal
Argos has invested close to US$42m for the construction of a new terminal in the free trade zone of Cartagena, Colombia. As such, it is expanding its port infrastructure and the movement of cement, clinker and other raw materials to 3.5Mta, which will triple its capacity to receive and export products. The new terminal is expected to begin operations in the first quarter of 2022. "We are ext...
CARBON: New records – now targeting €100 following increased physical and financial demand
By Frank O. Brannvoll, Brannvoll ApS, Denmark Before its expiry day, the EUA December 2021 contract reached a stunning EUR91.50 all-time high, less than 10 per cent from EUR100, a number only joked about three months ago. An increased demand due to coal being by far the cheapest fossil fuel and speculators pouring in, as mentioned in previous reports, cut through resistance points at ...
UltraTech Cement begins operations at Navi Mumbai terminal
India’s UltraTech Cement has begun operations at its bulk terminal in Kalamboli, Navi Mumbai. As the company’s 7th bulk terminal, it has a 1.2Mta capacity and is expected to strengthen its bulk cement sales in the region. Cement will be brought in bulk rakes to this terminal from UltraTech’s manufacturing units at Solapur, Maharashtra, and Malkhed, Karnataka. This will effectively help in re...
Tokyo Cement commissions new terminal capacity
Sri Lanka’s Tokyo Cement has commissioned operations at its expanded Colombo terminal, following a LKR2.5bn (US$12.35m) investment. The capacity upgrade will fully come online when all three new cement storage silos, each with a capacity of 6000t, become operational, according to Daily News. The expansion will increase the company’s total bulk cement imports from 600,000tpa to over 1Mta.
After sharp falls in oil and coal, Omicron fears fading – petcoke down but with coal slowly higher, discounts return to positive
By Frank O. Brannvoll, Brannvoll ApS, Denmark The euro broke lower due to hawkish talk from the US Federal Reserve of higher yields in 2022. There is a range of US$1.12-1.16 expected in 2022, but the euro is likely move towards US$1.18. The Turkish lira saw a 47 per cent collapse from TRY9.75 to TRY14.40 in four weeks due to the new policy of negative real rates, making fuels substantial...
TCL increases cement prices by 15%
Trinidad Cement Ltd (Cemex group) has announced an ex-factory cement price increase of approximately 15 per cent. The price increase becomes effective on 20 December 2021. TCL said: “We have been absorbing rising input costs for a long time and are now unable to continue to maintain our prices. The main attributing cost factors are natural gas, imported spares ad other raw materials that go...
Philippines opens investigation on Vietnamese anti-dumping
The Philippines' Tariff Commission has started its investigation into the merits of imposing a definitive anti-dumping duty on cement imports. The commission commenced a formal investigation on 9 December following a request from the Department of Trade and Industry. A preliminary conference is scheduled for 20 December as part of the investigation. “Matters for discussion include the timeli...
South Khorasan exports US$7.2m in 7MFY21-22
Iran’s South Khorasan province exported cement to a value of US$7.209m in the first seven months of the Iranian calendar year (March 2021-October 2022), according to Hamed Hassan-Nejad, deputy head of the province’s Industry, Mining and Trade Department. During this period 276,795t of cement was exported to Afghanistan and Iraq. South Khorasan province has two cement plants, which produced a...
Arabian Cement exports advance 49%
Egypt-based Arabian Cement Co exports increased by 49 per cent YoY in the January-October 2021 period, according to Sergio Alcantarilla, the company’s CEO. Export destinations during this time included Libya, Spain, Sudan, the USA and Yemen. Arabian Cement posted a consolidated net loss of EGP23.21m (US$27,1844) in the 9M21, compared to EGP39.77m in the 9M20.
DTI increases anti-dumping duties on Vietnamese imports
The Department of Trade and Industry (DTI) has slapped provisional anti-dumping duties as high as 32 per cent on specific Portland cement brands from Vietnam to the Philippines, as these were found to be causing "serious injury" to local cement manufacturers. In a statement on Sunday, the DTI said a preliminary determination showed that nine out of 16 Vietnamese exporters of Type 1 cemen...
Cementos Progreso to increase its regional presence
Guatemala-based Cementos Progreso (CEMPRO) is seeking to increase its participation in the regional market. Following the investment made at its San Gabriel plant in San Juan Sacatepéquez, the Guatemalan company is exploring various investment areas in Central America, according to a company spokesperson. It recently entered the Belize and Panama markets and strengthened its participation in H...
Pakistani cement exporters face several challenges
The exports of cement and clinker from Pakistan have been affected by several factors, including a change in political set-up in Afghanistan, the persistent deadlock in trade between Islamabad and Delhi, anti-dumping duties, and the financial crunch in Sri Lanka, according to Inayat Ullah Niazi, CFO of DG Khan Cement. DG Khan exports its products to Afghanistan, Kenya, Madagascar, Maldives, Mo...
Petcoke prices fall while coal sees upward movement
Following on from ICR’s most recent energy report , the price of Brent oil fell to US$78.50. The API2 1Q22 contract edged up to US$129.00 while the API4 1Q22 price increased to US125.00. Petcoke prices are finally moving down but this is slow based on indexation. The price of 6.5 per cent sulphur petcoke USGC FOB declined from US$154.00 to US$148.00 while the CFR ARA price fell from US$188....
Tanga port receives large clinker consignment
Tanzania’s Tanga port has received a consignment of 50,000t of clinker from Saudi Arabia, which is reportedly on transit to Prime Cement in Rwanda. Tanga Regional Commissioner, Adam Malima, said: "The government investment in expanding the port has started bearing fruits because the port can now host large vessels, something which was not possible before the expansion," he said. "I call ...
Pakistan registers fall in exports during 4MFY21-22
Pakistan’s Federal Bureau of Statistics (FBS) reported a 38 per cent fall in exports in terms of dollar value and a 44.2 per cent decrease in export volumes in the 4MFY21-22 when compared with the year-ago period. The cement industry earned US$65.45m of export revenue by dispatching 1.804Mt of cement and clinker overseas, compared with US$105.54m from 3.233Mt of exports in the 4MFY21-22. In lo...