Cement News tagged under: trading
Bangladesh cement export turns in double-digit 7MFY23-2407 February 2024, Published under Cement NewsBangladesh 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 surpassed the target of US$8.68m for 7MFY23-24. Bangladesh had set a higher target export revenue of US$... |
FOB discounts fall while ARA discounts return to neutral29 January 2024, Published under Cement NewsCoal 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 FOB contracts declined and ARA discounts returned to neutral from an earlier spell in the cheap zone... |
Cement dispatches show mixed trend in January26 January 2024, Published under Cement NewsThe 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 MoM to total 2.9Mt, primarily due to a slowdown in construction activities due to higher cost of co... |
Carbon sharply higher after change of contract to Cal 24, now pressured from lower energy complex24 January 2024, Published under Cement NewsBy 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 US and Europe. EUA front-year contract, March 2022-February 2024 The COP28 did not sen... |
Pakistan's cement exports consistently increase23 January 2024, Published under Cement NewsPakistan'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 US$135.92m (3.503Mt), compared to US$85.61m (1.71Mt) in the 6MFY22-23, the Pakistan Bureau of Statis... |
Energy complex continued lower with petcoke seeing new lows and higher discounts23 January 2024, Published under Cement NewsBy 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 stop this would take some support away. The Ukraine-Russia war remains largely frozen, but hints of so... |
Red Sea crisis on Pakistan’s cement industry18 January 2024, Published under Cement NewsPakistan 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 have begun to exert a notable influence on global trade, with Yemeni Houthi actions targeting commerc... |
Pakistani cement dispatches see 5% uptick in December18 January 2024, Published under Cement NewsCement 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 fall of 1 per cent YoY, whereas the south experienced a drop of 16 per cent YoY, settling at 0.6Mt. Ex... |
Holcim Algeria exports see 7% uplift in 202317 January 2024, Published under Cement NewsLafarge 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 exports. Holcim Algeria has made significant investments in its export division, including a EUR3.5... |
Turkish exports to Azerbaijan down 3% in 202316 January 2024, Published under Cement NewsTurkey’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 15.5 per cent YoY at US$4.6m, while December 2023 alone saw a 19.7 per cent decline YoY to US$353,00... |