Cement News tagged: Trading
Pakistan’s cement dispatches decline in April and 9MFY22
Pakistan's cement industry is facing weaker dispatches issues due to the unstable business and economic situation prevailing in the country. Even the Pakistan stock exchange witnessed a several losses on 9 May 2022, due to further devaluation of the Pakistani rupee against US dollar, uncertainty regarding debt repayments and depletion of foreign exchange reserve, leading investors to remain si...
Vietnam exports to dip as China weakens
Vietnam’s cement and clinker exports are expected to record an annual drop of 1.5 and two per cent YoY, respectively, to 45Mt in 2022-23, according to VNDirect Securities. This is being blamed on lower demand from China. Vietnam’s cement and clinker exports have surged since China was forced to close many of its factories due to environmental problems and a shortage of power for production in ...
Energy complex awaits impact of sanctions on Russia
By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex remains in range, awaiting the impact of sanctions on Russia. Oil is down on the release of 240mbl from the Strategic Petroleum (SPR) in the US and EIA countries, ranging between US$95-115. EU sanctions on Russian coal from August 2022 are driving coal higher. High-sulphur (6.5...
EU emissions rose 9% in 2021 with market in range trading – less financial participation
The EU ETS verified numbers for 2021 showed a 1.333Mta rise compared to 1.233Mta in 2020, which was the first increase since 2017, reflecting a higher use of coal and even diesel in the fuel complex. The higher coal price may reduce the compliance demand, but this depends on the price for gas substitution. The financial participants in the market are down 85 per cent YoY in April 2022 and comb...
Oil falls after considerable release of reserves, coal rallies after EU sanctions and propels petcoke to new highs
By Frank O. Brannvoll, Brannvoll ApS, Denmark The markets were still firmly driven by any news from Russia’s war on Ukraine: peace talks will lead to a falling market while new sanctions increase upward pressure. The coal markets were extremely impacted by the EU ban on Russian coal imports from August. However, this will create opportunities for cheaper coal in countries not part of the...
Pakistan cement dispatches and exports slow in 9MFY22
Pakistan’s cement dispatches have slowed amid rising construction costs, a lower development budget and higher freight costs with 9MFY22 dispatches down six per cent, says Topline Securities. Topline analysts report that political noise, economic slowdown and rising cement bag costs could further affect dispatches going ahead. Along with the lower dispatches, rising coal cost is another...
Tajikistan to increase cement exports to 2Mt by 2024
Tajikistan plans to increase cement exports to 2Mt by 2024, with an annual growth of 200,000t, according to the latest forecast of key macroeconomic indicators for the country. Cement production is projected to increase to 7Mt by 2024, reports Trend. Currently cement capacity in Tajikistan reaches approximately 7.7Mta, according to The Global Cement Report, 14th Edition.
Titan to commission new Roanoke terminal upgrade in 2023
Titan America expects to complete work on its new 70,000t dome with truck and rail load-out infrastructure at its Roanoke Cement Co import terminal in Chesapeake (VA) in 2023. The US$37m upgrade will see present bulk storage capacity triple and equip the terminal to import and distribute fly ash, slag and aggregates throughout the Mid-Atlantic market. The company also is carrying out a simi...
Lafarge Algeria exports 0.9Mt in 1Q22
Holcim -owned Lafarge Algérie has exported nearly 0.9Mta of cement and clinker in the first quarter of 2022. The volume represents an 87 per cent rise when compared with the 1Q21, when 482,000t of products were exported. A considerable volume of clinker as well as white and grey cements were exported from Oran, Mostaganem, Jijele, Annaba and Skikda. This includes 30,000t of white cement, ...
Uzbek Commodity Exchanges trades 0.944Mt of cement in 2M22
In the January-February 2022 period, Uzbekistan’s Commodity Exchange has traded 943,500t of cement, of which 864,300t, or 91.6 per cent, were sold at an average price of UZS546,700/t. The average monthly sales volume reached 432,200t. Around 32 per cent of the volumes sold was PC II A-K (P-I) 32.5N cement, followed by PC/A-I 32.5N cement, which accounted for 16 per cent of cement sold. Small...
Petcoke-coal discount returns to neutral zone
Since ICR’s most recent energy report, Russia’s invasion of Ukraine sent shocks into the energy complex. While oil revisited its all-time high of US$140, it has since fallen to US$115/bbl. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 – Expected range US$175-225. Resistance at US$205, 235 and 250 while support to be found at US$175, 155, 115 and 100. Mu...
Largest fall ever as financial players liquidate positions, or are forced to close – return to compliance levels
By Frank O. Brannvoll, Brannvoll ApS, Denmark After reaching EUR98.50, the EUA Dec 22 has fallen to EUR68, representing a 30 per cent drop. This came in reaction to the Russian invasion of Ukraine and the turbulence in all financial markets. As discussed last issue, financial players were taking profit and new margin calls from losses in other markets sent the EUA in a sell mode. Furt...
Malaysian raw material costs push up cement prices
The current cement price in Malaysia has been hiked due to increases in the cost of raw materials, especially coal in the international market, says Sharuddin Omar Hashim, Cement Industries of Malaysia Berhad (CIMA) . Coal prices have escalated by 30-40 per cent of the cost of cement production, which has necessitated the final product price rises. "Coal prices were previously in the ra...
Russian invasion of Ukraine sends shockwaves into the energy complex with supply fears and sanctions
By Frank O. Brannvoll, Brannvoll ApS, Denmark Following Russia’s invasion into Ukraine, markets have been experiencing extreme volatility. In less liquid markets, such as petcoke, trade was virtually suspended in the first week after the invasion. Therefore, this report will diverge from its usual format. Table 1: Prices at a glance Crude oil (US$/bbl) ...
Kenya considers duty increase on imported clinker
The Kenyan government is considering an increase on duty on imported clinker to rein in trading malpractices. It says some errant cement companies have been abusing the low tax regime of 10 per cent in the region and now wants to take countermeasures to reduce clinker imports. “Some of these cement companies are importing clinker and the same companies are mining clinker and exporting it to ...
Cement producers raise prices in Vietnam
Cement manufacturers have raised prices by VND100,000-150,000 (US$4.40-6.60) /t, or by 5.5-8.3 per cent, in Vietnam, claiming production costs have risen. Ha Tien 1 Cement JSC, a subsidiary of the Vietnam National Cement Corporation ( VICEM ), announced a hike of VND100,000/t to VND1,800,000/t for its Vicem Ha Tien brand of packed cement with effect from 23 March. Hoang Long C...