Cement offtake increased 41% to 4.97m tons in July

The total cement offtake increased by 41% year-on-year (YoY) to 4.97 million tons in July 2020, with domestic dispatches rising 36% YoY to 4.06 million tons, while exports increased by a phenomenal 71% to 0.91 million.

Temporary cement offtake raised 7% in July 2020 on a month-to-month basis (MoM) compared to 4.62 million tons in June 2020.

A recent report issued by AHL Ltd stated, In particular, offtake from the southern region touched an all-time high in July, as total dispatches went up 63% YoY/10% MoM to 1.31 million tones, This was in lieu of a 6% YoY / 19% MoM uptick in local dispatches (0.53 million tons) following the reopening of the economy after corona-related lockdown.”

In July, exports from the southern region hit a record 0.78 million tons, depicting a 3% YoY/5% MoM leap as a steady resumption of global trade backed an offering to Bangladesh and Sri Lanka.

Furthermore, dispatches from the northern area have rose to 3.66 million tons, from 35% YoY/7% MoM. Local offtake in the north. As per AHL Ltd, jumped 43% YoY/4% MoM due to the development of housing colonies at the Diamer-Bhasha and Mohmand Dam sites as well as other demands from the private sector. Northern area exports reached to 0.13 million tons, down 44% YoY but up 182% MoM.

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