Cement News tagged: Trading

Petcoke rallies and higher coal sees stable discounts

05 September 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll Aps, Denmark Petcoke rallied in August, driven by a lack of supply and higher coal prices led to stable discounts in the neutral zone. Petcoke with 6.5 per cent S is expected to continue in the US$90-105 range with resistance at US$95, US$105, US$115 and US$135. Support is at US$90, US$85, US$70, US$68 and US$55.The 4.5 per cent S petcoke contract is now wel...

Nepal exports of US$2m of clinker and cement in 1MFY23-24

25 August 2023, Published under Cement News

Nepal exported cement and clinker with a total value of NPR234.98m (US$1.78m) in the first month of the current fiscal year, FY23-24. The country exported 9573t of cement with a value of NPR70.5m and 25,742t of clinker with a value of NPR164.4m in the 1MFY23-24. Cement and clinker exports have increased significantly since last year due to the government introducing an eight per cent cash ...

EUA stuck in range trading – while UK price hits new low

25 August 2023, Published under Cement News

 By Frank O. Brannvoll, Brannvoll ApS, Denmark Lack of political news kept the market in a range drifting slightly lower due to lower gas prices, fear of industrial demand destruction as interest rates kept rising, as well as weaker equity markets spilling into traders sentiment. The European Commission has proposed that industrial companies must include emission reduction plans with fiv...

Petcoke discount falls sharply, energy complex rises driven by oil

22 August 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The fight against inflation is still the focus point for the US Federal Reserve Bank and the European Central Bank, which both raised interest rates by 0.25 per cent in July. This impacted equity markets as the IMF came out with a slower global GDP forecast for 2024, down 0.5 per cent to three per cent. However, new Chinese promises of boo...

A 24% fall in Pakistan cement exports in July 2023

A 24% fall in Pakistan cement exports in July 2023

22 August 2023, Published under Cement News

Pakistan began the FY23-24 (July 2023-June 2024) by registering lower cement and clinker exports in value and volume terms, with sea exports declining. While reviewing the monthly trends between the southern and northern regions, Usama Rauf, an investment analyst at AKD Securities, observes that exports have fallen in the south, primarily due to coal procurement challenges. This has led compan...

Pakistan started with a massive growth in cement dispatches in 1MFY23-24

07 August 2023, Published under Cement News

Pakistan recorded a considerable growth of 57.4 per cent in cement dispatches in July 2023, when total cement dispatches totalled 3.21Mt against 2.04Mt dispatched in July 2022. According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches by the industry in July 2023 were 2.78Mt compared to 1.89Mt in July 2022, showing an increase of 47.2...

Bangladesh sets a target export revenue of US$15m in FY23-24

Bangladesh sets a target export revenue of US$15m in FY23-24

07 August 2023, Published under Cement News

Bangladesh had set a higher target export revenue of US$15m against US$13.66m earned in the last fiscal year of FY22-23. The encouraging figure/trend of July 2023 would lead the target, experts reported.   Bangladesh has achieved 104.2 per cent YoY growth in cement export revenue to US$1.47m in the first month of FY23-24 (July 2023-June 2024). This compares to US$0.72m in the same month a...

Rising energy price may dent cement business in Pakistan

03 August 2023, Published under Cement News

Pakistan's government increased the fuel price in the country on 1 August 2023. Two influential trade organisations, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and the Korangi Association of Trade and Industry (KATI), strongly opposed the recent increase in petrol prices, calling for its immediate withdrawal. An increase in transport costs would spike the cement industr...

Petcoke continues rally with discounts into neutral zone

03 August 2023, Published under Cement News

by Frank O. Brannvoll, Brannvoll ApS, Denmark Coal rallied from US$100, driven by the energy complex as oil broke through the US$80 barrier following new cuts by OPEC+ in July 2023. Meanwhile, petcoke continues its rally after hitting the major support of US$65, and reached its target of US$85. At US$88, is now close to resistance at US$90 with discounts to coal falling sharply into the n...

East Africa Portland Cement is ready to tap domestic market

02 August 2023, Published under Cement News

East Africa Portland Cement Co Plc and its Athi-River plant is set to expand its clinker production to serve the domestic market after the government imposed a 17 per cent duty on imported clinker. According to Managing Director, Oliver Kirubai, the cement maker has drawn a road map for its revival and has realised improved production by 25 per cent as of September 2022. The increase in...

Reassessment of raw materials import value demanded

28 July 2023, Published under Cement News

The Bangladesh Cement Manufacturers Association (BCMA) has urged the government to revisit the assessment value of three raw materials (cement clinker, granulated slag and gypsum) as their prices have fallen in international markets. They asked that the assessment value of cement clinker be reduced from US$60 to US$50t, granulated slag from US$30 to US$26t and gypsum from US$35 to $30t, the B...

Cement exports from Nepal pick up

26 July 2023, Published under Cement News

Nepal exported cement representing a value of NPR779.3m (US$5.9m) in the FY22-23, supported by the government’s provision of a cash subsidy on cement exports. The country’s government provided up to eight per cent cash subsidy in addition to 2-15 per cent subsidy on electricity costs. Three domestic cement producers – Palpa Cement Industries Pvt Ltd , Arghakhachi Cement Ltd and Balaji Ce...

EUA falls sharply pressured by gas and coal prices

25 July 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Still no fundamental or political news in the carbon market. The EUA prices followed the general market upwards and rallied from major support at EUR77 to EUR92 and now back in the middle EUR86. In August the auctions will be lower than previous months, which may bring some support to the market. In the EU manufacturers and households have s...

Pakistan cement earns an export revenue of US$190m in FY23 (July -June)

24 July 2023, Published under Cement News

Pakistan's cement industry saw a negative growth in exports in FY22-23 (ended 30 June 2023). Value and quantity were both down during this period. Pakistan cement industry's export earnings in FY22-23 ( ended 30 June 2023 ) amounted to US$190m, with 4.248Mt of cement and clinker exported worldwide, based on the latest Federal Bureau of Statistics (FBS) data. This represents a contraction ...

Petcoke on the rise, driven by higher coal prices and high discounts – new OPEC cuts support oil

21 July 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The holiday mood has dampened the volatility in most markets and the dominant factor is the fear of low demand due to slower growth as central banks keep raising interest rates to bring inflation down. The European Central Bank (ECB) raised interest rates again. Following the general elections, the Turkish Central Bank raised rates by 6.5 per c...

Egypt's cement exports rise 33% in 5M23

13 July 2023, Published under Cement News

Egypt’s cement exports climbed by 33 per cent during the first five months of 2023, according to a recent report by the Export Council for Building Materials, Refractory, and Metallurgy Industries (ECBM). According to the report, exports from Egypt reached US$380m, up from the US$286m recorded during the same period in 2022. Côte d'Ivoire's imports of Egyptian cement had a value of US$84.34...