Cement News tagged: Trading
Cement sold through Iran's mercantile exchange rises
The operations manager of the Iran Mercantile Exchange (IME), Abbas Yaghoubi, has provided an update regarding the offering of all the country's cement via the IME, according to Trend News. Currently, 56 companies out of 78 cement companies have been admitted to offer their products through the IME, but further companies are expected to also accept and submit documents. "The trend of cem...
Kazakhstan lifts import restrictions
Kazakhstan has lifted the restriction on cement imports from third countries, Trend reports. As a result, cement clinkers, Portland cement, alumina and hydraulic cements are allowed to be imported into the country. The lifting is expected to benefit the demand in the western regions and reduce the price of cement in Kazakhstan. The ban was introduced on 30 April 2021 by the Ministry of I...
Rock Hard Distributors sees import restrictions claim dismissed
The judicial review claim brought by Trinidad and Tobago-based Rock Hard Distributors and St Lucia-based Rock Hard Distribution Ltd against the Ministry of Trade and Industry against the ministry’s steps to introduce a quota on imported cement and a proposal to increase import duties was dismissed by Justice Jacqueline Wilson. The claim sought to challenge the decision made by the ministry o...
Another busy export year for Pakistan’s cement industry
The Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for the just-concluded FY20-21 (July 2020-June 2021). Both value and quantity of exports rose in this period when compared with the equivalent months in FY19-20. Pakistan's cement industry in 12MFY20-21 earned US$267.91m of export revenue by dispatching 7.815Mt of cement and clinker overseas, compared t...
Vietnam considers higher cement export tariff
Vietnam’s Ministry of Finance (MoF) has reportedly proposed that the government consider increasing the export tariffs for clinker to 10 per cent from five per cent, according to Vietnam News. The MoF explained that exports of cement and clinker are not sustainable as their production uses non-renewable sources. Cement and clinker producers in Vietnam are also making use of a low electricit...
Bangladesh cement export revenue fall
Bangladesh's cement industry has earned export revenue of US$7.26m in the last fiscal year (July 2020-June 2021), compared to US$9.14m in the year-ago period, a fall of 20.6 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh exports 90 per cent of its cement to India. An ...
Spanish cement exports increase 36% YoY in June
Spanish cement exports have seen growth slow to 35.9 per cent YoY to 3.8Mt in the first half of 2021, down from 38.2 per cent in the 5M21, according to Spanish cement association, Oficemen. In June 2021 alone the country exported 684,266t of cement, representing a YoY advance of 23.5 per cent. "Although we celebrate the recovery of exports, after the drop below 6Mt in 2020, the truth is that...
ADY Express starts exporting cement to Georgia
ADY Express LLC, a subsidiary of Azerbaijan Railways, has started transporting cement produced by Holcim Azerbaijan OJSC to Georgia by rail. The cargo is loaded on semi-wagons provided by ADY Express LLC at the Garadagh station and delivered to the Caspi station in Georgia. The return journey is generally carried out in 6-7 days. ADY Express has allocated 50 wagons for the transport...
Turkey sees 24% in exports in 4M21
Turkey’s cement export values increased by 23.5 per cent to US$1.41bn in the January-April 2021 period when compared to the equivalent period in 2020, according to the Turkish Ministry of Trade. Exports to Georgia were up 2.3 per cent to US$13.1m in the four-month period. In April 2021 Turkey exported cement with a value over US$402.5m to global markets, representing an advance of 74 per cen...
Indonesian cement exports see 119% YoY rise in 5M21
While cement exports from Indonesia decreased from 1.2Mt in March and April to 1Mt in May, the January-May 2021 volume saw a 119 per cent YoY rise to 5.69Mt, according to the Indonesian Cement Association (ASI). Around half of exports were shipped to Bangladesh while China accounted for an offtake of 740,531t, or 13 per cent, in the first five months of 2021. Taiwan, the Philippines and...
Mozambique's cement price drop down to economics
The fall in the price of cement on the Mozambican market after the Chinese investment in a new factory, Dugongo Cimentos, in Matutuine district, was expected by the government, the Minister of Industry and Trade has told reporters. "We, as a government, know what we're doing," he said. "We have our regulations and we have a responsibility to the business sector and to the Mozambican p...
Pakistan registers higher 11MFY21 export and 10MFY21 production
The Federal Bureau of Statistics (FBS) of Pakistan has released cement export and production data for the July 2020-May 2021 (11 months) and July 2020-April 2021 (10 months) periods, respectively. Both segments of cement post rising trends in export and local production. Export values and volumes increased during the 11MFY20-21 period, but the average export price remained weaker, reflecti...
Argos cement exports to the USA grow by 419%
For Argos, the Grupo Argos cement company, exports have been a key element in the process towards recuperation after the effects generated by COVID-19 and, in the first five months of the year, the cement company's exports to the USA grew by 419 per cent, from 26,000t to 135,000t. In the particular case of the USA, there has been a rebound in the demand for cement and it is estimated tha...
Semen Padang sees 31% jump in exports to Bangladesh and Sri Lanka
Semen Indonesia Group subsidiary PT Semen Padang increased its cement and clinker exports to Bangladesh and Sri Lanka by 30.5 per cent YoY to 208,806t in April 2021, up from 160,000t in April 2020. The company exported 38,471t of OPC to Sri Lanka and 170,389t of clinker to Bangladesh, according to Rahman Kurniawan, group head of sales for Semen Indonesia Group in Padang, Indonesia. “In the...
Pakistan records mixed export and production data
The Federal Bureau of Statistics (FBS) of Pakistan has released cement export and production data for the July 2020-April 2021 (10 months) and July 2020-March 2021 (nine months) periods. It continues to post mixed trends in export and local production. Export volumes increased during this period, but revenues remained thin in dollar terms, reflecting a weaker price market for cement a...
Cement imports to the Philippines are increasing by 6-7% YoY
CEMAP data showed imports were growing by an average of 6-7 per cent annually. In 2020 approximately 500t of cement arrived from Vietnam, which emerged as the biggest cement exporter in southeast Asia. Vietnam cement accounted for nearly 90 per cent of total imports, CEMAP said. Meanwhile, many cement manufacturers in the Philippines are pushing for an end to cement imports, citing increase...