Cement News tagged: Trading
Iran faces higher transportation costs for exports to Iraq
Iran is facing difficulties in its cement exports to Iraq, including issues with costs, weight of exports and transportation, according to Ali Mohammad Bod of the Tehran Cement Co and cited by Trend News Agency. “The volume of cement exports has been reduced while the volume of clinker has increased," he said, because the price of clinker is based on the supply and demand. In addition trans...
Cement imports by canoe in western DRC
Following the import ban on grey cement in the Democratic Republic of Congo (DRC), importers have taken more creative ways to import cement into the central African country. According to reports by Agence d’Information d’Afrique Centrale, grey cement is now imported via canoe on the Congo River to the main consumption centres in the country. Local producers have protested, citing unfair compe...
Al Jouf Cement renews export licence
A company statement for Al Jouf Cement of Saudi Arabia stated that the company has received its renewed cement export licence as well as a new clinker export licence on 15 october 2019. Both licences are active immediately. Al Jouf Cement received its first cement export licence in February 2017.
Iran’s Qeshm works exports 2500t of cement to Somalia
A consignment of 2500t of cement was exported by Qesh cement plant, Hormozgan, Iran, to Somalia, according to Hormuz Amiri, head of development and trade at Qeshm Free Trade Zone. This is the fifth cargo exported since 21 March 2019, the start of the Iranian year. To date, 104,000t of clinker have been exported from Qeshm to the UAE. Established in 2000, the Qesh cement plant produces 1400...
Cement export from Bangladesh shrinks
According to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry has earned US$2.37m during July-September 2019 (1QFY19-20) compared to US$3.17m earned in same period last year. This translates a fall of 25.2 per cent YoY basis. The export figure also includes a minor amount of salt, stone and related products. The export value for cement fell 5.2 per cent below the target ...
Algerian cement exports surge to US$42m
Cement exports from Algeria reached US$42.41m between January-July 2019, more than septupling YoY, according to the Algerian customs service. Exports of hydraulic cement and clinker rose from US$5.03m in the 7M18. Forecasts by the Ministry of Industry and Mines show that the country is aiming to lift its cement exports to US$500m over the next five years. The surplus in cement output is expe...
Iran sees cement exports up, clinker exports down
Iran exported 5.48Mt of cement and clinker during the first five months (21 March-22 August 2019) of the Iranian year, according to the Secretary of Iran’s Cement and Clinker Export Market, Abdolreza Sheikhan. Clinker exports slipped by almost two per cent but cement exports advanced by 17 per cent when compared with the equivalent period in the previous year. Output from domestic cement p...
Vessel laden with clinker arrested in Bangladesh
A foreign vessel laden with clinker was arrested in Bangladesh yesterday. No details immediately are available for the vessel's arrest. According to Chittagong Port Authority (CPA), the foreign flag bulk carrier 'Costas L' has been arrested as per orders of the local High Court dated 23 September 2019 in a litigation case at outer anchorage of Chittagong port. The ship was carrying 42,6...
Pakistan cement exports shrink in July and August 2019
Pakistan's cement industry earned foreign exchange revenue of US$16.74m by exporting 391,548t of cement in August 2019, compared to US$25.4m from exporting 593,525t of cement in previous month, says the country's Federal Bureau of Statistics. This converted to a fall of 34.1 per cent and 34 per cent in terms of value and quantity, respectively MoM. When compared with the figure of August 201...
South Africa's cement import volumes shoot up
Cement imports into South Africa have surged by 293 per cent YoY in July and have also risen by 17.5 per cent since the start of the year. The main source for the cement came from Vietnam during June-July 2019, according to Industry Insight. Approximately 104,099t of cement arrived in South Africa in June with a value of ZAR70m (US$4.7m), which is the highest level of cement imports since Feb...
Sri Lankan minister deplores political border tax policy on cement
Sri Lanka's finance minister, Mangala Samaraweera, has spoken out against the country's cement prices being higher than more developed markets in south Asia, requesting that the border tax policy needs to be depoliticised to benefit consumers. "Our export sector has been crippled by para-tariffs caused by businessmen influencing politicians," Mr Samaraweera told the opening of the Ceylon Cham...
Pakistan-Afghanistan Torkham border inauguration to facilitate cement trade
Pakistan's Prime Minister, Imran Khan, along with top officials of government of Afghanistan, are expected to inaugurate round-the-clock operation of Torkham border crossing between Afghanistan and Pakistan today, subject to security clearance, etc. This is expected to support higher volumes of imports and exports, including cement, between the two countries. The Pakistan cement industry, pa...
Philippines announces new duty on imported cement
The Philippines’ Department of Trade and Industry (DTI) will impose a general safeguard duty on imported cement for a three-year period to protect domestic product. The measure will take effect 15 days after the announcement made on Tuesday. "We are deciding on the imposition of definitive safeguard duty of PHP250/t (US$4.8/t) or PHP10/40kg bag for the first year of the implementation to en...
Pakistan's cement dispatches fall in July 2019
Pakistan's cement industry dispatches in July, the first month of the FY19-20, fell to 3.5Mt from 3.6Mt in July 2018. This translates to a decline of 2.8 per cent, primarily due to a slowdown in domestic demand as the economy contracts rapidly owing to policies targeting runaway budget deficit and the current account gap, says local media. The industry's capacity utilisation also reportedly...
Clinker vessel salvage delay
A vessel carrying clinker which capsized in the Meghan River at Birbir, Bangaldesh on Tuesday could not be immediately salvaged. The MV Tanvir Tousib-2 was anchored at Birbir on the high-tide but was struck by another vessel, the Bashundhara Food-1. The MV Tanvir Tousib-2 was carrying clinker to Dhaka. The cost of the loss could be as much as BDT200m (US$2.36m) according to Khairul Alam, mast...
Bangladesh revises export target for cement in FY20
The Bangladesh Export Promotion Bureau (EPB) has set an export target for cement industry at US$10.50m for financial year 2019-20 (July 2019-June 2020) compared to US$14m, earmarked for the previous fiscal year. This target has been revised downward by 25 per cent, due to growing demand in the country as well as competition. The number of big construction projects and GDP of Bangladesh are con...