Cement News tagged: Trading
Vicem signs agreement to export 6Mt to the Philippines
Vietnam Cement Industry Corp (Vicem) has signed an agreement with Fenix (CEZA) International Inc and Gold Falcon Trading Corporation to export 6Mt of cement and clinker to the Philippines in 2023-25, reports Vietnam News Brief Service. Vicem currently operates 10 cement plants with a total production capacity of over 25Mta of cement and 21Mta of clinker. Its sales reportedly account for a...
Bangladesh earns cement revenue of US$2.77m in 4MFY23
During the first four months (July and October) of FY22-23 (July-June), Bangladesh exported cement worth US$2.77m compared to US$2.44m in the same four months last year. This translated to a growth of 15.42 per cent but was down on forecast (-16.06 per cent ) to reach the target of US$3.3m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone a...
Energy complex falls on slower economies and EU stock refill
By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, the energy complex is falling as higher yields slow economies and EU purchases have slowed following full stocks. Russia’s continued discounts on coal see prices slip with API4 coal now trading at US$238. Oil is stabilising above US$90 after OPEC+ cut supply by 2mbpd. In Europe gas prices have been slipping...
National Cement Factory to import clinker
National Cement Factory LLC (NCF), UAE, will import 600,000t of OPC clinker divided into equal monthly quantities of 50,000t (with ±10 per cent margin), starting from 1 December 2022, until the end of November 2023. To meet this requirement, NCF issued an official international tender with a due date of 8 November from vendors. NCF is a subsidiary of Ittihad International Investment L...
EUA prices stay low due to recession fears and political uncertainty in the market
By Frank O. Brannvoll, Brannvoll ApS, Denmark European carbon emissions were up eight per cent in the first three quarters of 2022 when compared to 2021. This is based on the sharp increase in coal- and oil-driven power production. The political debate of repowering the EU and the potential selling of 250m allowances has been hanging over the market. Increased auctions and the lower p...
Coal and gas lower, while petcoke continues upwards, driven by demand from India and China
By Frank O. Brannvoll, Brannvoll ApS, Denmark The same geopolitical factors as last month are dominating the energy markets. The persistently-high inflation is driving the agendas of the central banks with higher interest rates, stating they will push even harder despite a looming recession. As industry and citizens save energy due to the high prices, demand in many markets is contractin...
Ghana cement prices rise again
Cement prices is Ghana have risen to over GHC80(US$5.91)/50kg bag of cement on the back of rapid depreciation of the cedi against the dollar. The depreciation has triggered massive inflation, causing the price of cement to increase by up to 10 per cent in a matter of weeks. The increase is expected to push up the cost of construction in the country, leading to a rise in real estate prices, acc...
High cost impacts Pakistan cement export in 3MFY22
According to Intermarket Securities Ltd, in 1QFY22-23 (July-September 2022) overall cement industry utilisation stood at 56 per cent, compared to 72 per cent in the same period last year. The fall in capacity utilisation was also partially reflected in exports. The overall increase in manufacturing cost has discouraged cement companies in the South from exporting cement/clinker at current pric...
Limestone and cement top Port of Green Bay's imports
September saw 190,083t of cargo shipped through the Port of Green Bay, Wisconsin, USA, bringing the total cargo shipments to 1.3Mt for the 2022 shipping season. Limestone and cement were again the top cargos moving through the port in September with 72,453t of domestic limestone imported and 45,936t of cement imported. At 1,303,956t of goods shipped through the end of September, total ca...
Philippines producers lose appeal to extend import duty
The Tariff Commission (TC) in the Philippines has declined an appeal by local cement producers to extend the customs duty on imported cement. According to the Manila Bulletin, the three-year customs duty designed to safeguard the local industry from imports is due to expire in October 2022. Although the Cement Manufacturers Association of the Philippines (CeMAP) lodged a request with the TC to...
Petcoke stops fall
By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, the energy markets are fearing an upcoming recession due to higher rates to curb inflation. Oil has fallen below US$90 despite OPEC+ decreasing output. Moreover, coal prices are also dropping despite European demand. API4 is currently at US$295. Meanwhile, Russia is offering large discounts, but the market ...
Local Pakistan and export dispatches fall during September
Pakistan's cement industry has recorded a YoY fall of 6.83 per cent in dispatches during September 2022, with total cement dispatches (local and exports) shrinking to 4.276Mt from 4.589Mt in the same month of last fiscal year, says data released by the All Pakistan Cement Manufacturers Association (APCMA). The breakdown shows that local dispatches slid by 5.33 per cent to 3.80Mt from 4.01m, w...
Indian cement prices on the up
September 2022 saw the all-India average cement price go up by INR6/50kg bag (US$0.07), or 1.7 per cent, compared to the previous month. The highest price increase was seen in the east of the country where prices advanced by 6.6 per cent, followed by a 1.9 per cent rise in the south, 1.3 per cent increase in the west, and a flat-to-marginal decline in north and central India, according to Indi...
Sharp falls testing support - increased auctions combine with an exodus of speculators
By Frank O. Brannvoll, Brannvoll ApS, Denmark After reaching a new all-time high of EUR99.40 just below the magic EUR100, the carbon market has lost 33 per cent, falling to EUR66. Speculators have left the market due to fear of potential intervention as EU member states have looked at capping carbon or suspending the market. Furthermore, traders have closed positions to pay for margin call...
Russian cement producers ask for import duties
The strengthening of the ruble has made imports of cement from Iran, Kazakhstan and Belarus more profitable, according to Esmerk Russian News. As a result, total imports of cement into Russia could increase to 7Mta, forcing domestic producers to reduce capacity and mothball plants. Therefore, they have asked for protective measures such as import duties to be established.
Oil falling below US$90, coal and gas surge to new highs – petcoke may resume upward curve, but still buyers’ market
By Frank O. Brannvoll, Brannvoll ApS, Denmark The perfect storm has hit European energy end users, as EU sanctions against Russian energy exports are now backfiring in terms of prices and supply security. The EU is currently working on different packages to curb prices, but this will be extremely challenging if a free and market-based price structure is wanted. At the same time, drought and...