Cement News tagged: Trading
Bangladesh cement export turns in double-digit 7MFY23-24
Bangladesh has recorded a 59 per cent YoY expansion in cement export revenue to US$10.51m in the first seven months (July-January 2024) of FY23-24 from US$6.61m in the same seven months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 21.1 per cent YoY rise in cement exports also surpass...
FOB discounts fall while ARA discounts return to neutral
Coal fell sharply below US$100, due to weak demand and large stocks, on 22 January 2024, while oil hovered around the US$80/bbl mark as freight issues in the Suez Canal and the Red Sea supported oil prices. Petcoke FOB contracts recovered from December lows as demand forecast for 1Q24 and 2Q24 shows an upward trend and discounts were increasing until weaker coal prices emerged. Discounts on ...
Cement dispatches show mixed trend in January
The All Pakistan Cement Manufacturers Associations (APCMA) is yet to issue January 2024 cement dispatches data about local consumption and export. However, Topline Pakistan Research has forecast that Pakistan total cement sales in January 2024 will decline by 14-18 per cent YoY and MoM to reach 3.4Mt. According to a report, local cement dispatches are likely to fall by 15-19 per cent YoY and...
Carbon sharply higher after change of contract to Cal 24, now pressured from lower energy complex
By Frank O. Brannvoll, Brannvoll ApS, Denmark The shift in contract to December 2024 sent the price EUR10 up without any real news in the market. The overall energy complex has gone lower and as a result, the carbon price rallied up to EUR80. Several speculators went short again in the new contract. Industrial demand is still sluggish and is expected to worsen if a recession were to hit the...
Pakistan's cement exports consistently increase
Pakistan's cement industry has registered significant growth in US-dollar revenue and volume growth for cement and clinker exports during the first six months of FY23-24 (July-December 2023), due to the continued good exchange rate of the Pakistani rupee against foreign currency and other factors. Pakistan's cement and clinker exports increased by around 58.8 per cent in the 6MFY23-24 to ...
Energy complex continued lower with petcoke seeing new lows and higher discounts
By Frank O. Brannvoll, Brannvoll ApS, Denmark The energy complex fell further in December but recovered by the end of 2023. In geopolitical terms, the Israel-Gaza conflict has seen increased risk of spreading and ship attacks in the Red Sea from Houthi terrorists in Yemen increased risk for oil and good shipping. A western UN-backed naval force has put an ultimatum and when attacks st...
Red Sea crisis on Pakistan’s cement industry
Pakistan closely monitors the Red Sea crisis as it could disturb the movement of cement export cargoes to the USA and Europe as well as affect coal imports at Pakistani ports. It is also feared that any trade re-route would spark new inflation and supply chain disruption worldwide and in Pakistan. IMS Research, in a situation review report, warned that escalating tensions in the Middle East h...
Pakistani cement dispatches see 5% uptick in December
Cement dispatches in Pakistan were up five per cent YoY in December 2023, settling at 4.1Mt compared to the same period in the previous year. According to a report from AHL Research, domestic dispatches declined by four per cent YoY to arrive at 3.5Mt. The fall in domestic dispatches was due to subdued demand due to high inflation. Local dispatches of the north were recorded at 2.9Mt, a fal...
Holcim Algeria exports see 7% uplift in 2023
Lafarge Algeria ( Holcim ) exported 3.4Mt of cement and clinker in 2023, up seven per cent from 3.2Mt in 2022. The company achieved an export market share of 30 per cent and increased its export turnover by 17 per cent. A total of 40 per cent of exports were shipped as cement, a threefold increase YoY. In 2024 the company expects to increase cement exports to a 60 per cent share of total e...
Turkish exports to Azerbaijan down 3% in 2023
Turkey’s cement exports to Azerbaijan declined by almost three per cent to US$50.9m in 2023, compared to the previous year, reports Azernews. According to Turkey’s Ministry of Trade, cement exports from Turkey to Azerbaijan advanced by 0.9 per cent to US$5.7m in December 2023, versus the same month in the previous year. Looking at 2023 as a whole, Turkey’s total cement exports were down ...
Al Jouf Cement secures six-month export deal
Jordan-based Rabou’ Al Taybeh Co has agreed to receive clinker exports from Al Jouf Cement Co of Saudi Arabia for a period of six months. The contract’s value stands at SAR30m (US$8m), representing more than 10 per cent of the company’s total revenues, states Mubasher. The Tadawul-listed company highlighted that the agreement will reflect positively on its income statements, starting from...
Pakistan's producers turn to exports
Pakistan's domestic sales for the cement industry during the first half of the current fiscal year (1HFY23-24) have grown by a mere one per cent compared to last year. Ballooning construction costs, of which cement prices have contributed their part, have deterred demand. The recent implementation of the axle road regime has further sent prices hurtling forward as transport costs increas...
Bangladesh outstrips the cement export target in 6MFY23-24
Bangladesh has recorded 91 per cent YoY growth in cement export revenue to US$8.96m in the first six months (July-December 2023) of FY23-24 from US$4.69m in the same six months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 22.1 per cent YoY rise in cement exports also surpassed the ta...
Indian port modified norms for handling imported limestone
Porbandar Port has made some changes in handling raw materials for cement and other industries. Porbandar is a medium-sized port on India's west coast, in the Saurashtra region of Gujarat state, and is owned and operated by the state-owned Gujarat Maritime Board (GMB). An interim measure pending issuance of new guidelines, subject to periodic review, has set a minimum limestone cargo disch...
Power Cement exports to the UK
Power Cement of Pakistan has marked a significant milestone. It has successfully entered the European market by exporting its high-quality cement to the United Kingdom. This initiative demonstrates Power Cement’s commitment to global expansion and positions the company as a formidable force in the international construction materials arena and, notably, as the first Pakistani cement exporter...
FOB discounts decrease but ARA discounts up
Coal, along with oil fell to US$100 on 21 December 2023, and OPEC+ introduced new cuts to support oil at US$75-80. However, oil rose due to naval attacks in the Red Sea and trouble in the Suez Canal. Petcoke FOB contracts collapsed as freight rallied making CFR prices expensive.There was also a lack of interest from far destinations. The discount on FOB contracts increased but fell on ARA con...