According to statistics, Vietnam exported nearly 16.2 million tons of cement and clinker in the first half of this year, down 22% from the same period last year; the export value was 740 million US dollars, down 7.7%.
Industry experts pointed out that China's real estate market is in a downward trend, which is the main reason for the decline in cement sales. The Philippines, Vietnam's second largest export market for cement, has also been affected by shipping difficulties and rising freight rates.
Cement and clinker exports to the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) market were 685232 tons and US $30.24 million, up 14.3% and 21% year-on-year, respectively. In the
first half of this year, the export price of cement and clinker was 455 US dollars per ton, up about 15% year-on-year. However, production costs have increased, especially the price of coal for clinker production, which has also risen to nearly $500 per ton (in May this year).
Some cement production enterprises revealed that the current increase in production costs, especially the rising price of coal, the shortage of supply caused enterprises to produce more and more losses.
According to Vietnam Cement Corporation, in October 2020, the price of coal used by the company was $56-60 per ton, but now it is sometimes as high as $490 per ton, an increase of nearly seven times.
In 2022, the cement supply will continue to be at a high level, about 108 million tons. Domestic cement sales in Vietnam are expected to be only about 65 million tons. Therefore, export is still an important sales channel for cement enterprises.
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