Global Production: Cement production has been better than expected by the global majors. Dangote, Heidelberg, UltraTech, and Cemex posted stable year-on-year cement production. LafargeHolcim was down to 150mt from 180 mt in 206, due to divestments.
Egypt: Local cement prices in Egypt continue to struggle in an over-supplied market. Domestic traders are reporting $41-43/t free on truck. Fuel costs are rising. More cement lines will be operational in Q1 18. Currency depreciation against the US dollar Egyptian and slower government spend is impacting demand.
Lebanon: Cement activity is strong and local prices range between $70-80/t, according to local sources. This is one of the highest prices in the region. Importing cement/clinker from Spain where export prices are $40-43/t is not viable due to credit and import restrictions. Saudi cement is assessed in a range of $45-55/t.
India: Cement prices in India are increasing due to the ban on petroleum coke in Uttar Pradesh, Haryana and Rajasthan. Prices are predicted to move up by at least INR10-15 (15-20($) cts/bag) in these regions. The ban will add at least 10% to cement makers’ fuel bills.
Panama: Cement production remains stable with a slight rise of 0.65% year-on-year to 1.30 mt for the Jan-August 2017 period. Local demand is improving.
Turkey: Cement production was 7.47 mt in July, up from 5.52 mt last year, according to the latest information from the Turkish cement association. June output was 6.30 mt. YTD, output was 43.47 mt, up from 43.10 mt in 2106. Full output in 2016 was 75.40 mt.
Pakistan: October cement output was 4.22 mt – a record high, according to the Pakistan Cement Association, up from 3.12 mt in September. October 2016 was 3.56 mt. Year-to-date output was 14.56 mt, up from 12.48 last year. Pakistan’s financial year runs from June-June.