Cement News tagged under: trading
Coal drops and petcoke-coal discounts fall20 December 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The price of coal declined after the Israel-Gaza war premium was taken out and oil also moved down. Petcoke saw downward pressure by coal with discounts falling. As a result, discounts on both FOB and ARA contracts are now in the lower part of the neutral range. Petcoke with 6.5 per cent S is expected to continue in the US$80-95 range with resistance at US$95, US$105, US$115 and US$135. Support is at US$80, US$68 and US$55 with multi-year... |
Bangladesh exceeds the cement export target in 5MFY23-2407 December 2023, Published under Cement NewsBangladesh has recorded 90.2 per cent YoY growth in cement export revenue to US$6.98m in the first five months of FY23-24 (July-November 2023) from US$3.67m in the same five 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 17.7 per cent YoY rise in cement exports also surpassed the target of US$5.93m for 5MFY23-24. Bangladesh had set a higher target export revenue of US$15m f... |
Decline in Pakistan cement dispatches blamed on axle load regime05 December 2023, Published under Cement NewsPakistan’s cement industry registered a contraction of 2.12 per cent in dispatches during November 2023, with total cement shipments coming in at 3.924Mt versus 4.009Mt in November 2022. According to a breakdown released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches during November stood at 3.262Mt compared to 3.862Mt in the same month a year earlier, marking a decline of 15.53 per cent. Exports, meanwhile, increased by 348.29 per cent from 147,757t in... |
Cement imports by France tumble 25% in August04 December 2023, Published under Cement NewsAugust 2023 saw France import 227,000t of cement, marking a 24.9 per cent decline MoM and the second month in a row that imports have contracted following two months of growth. According to IndexBox, the main suppliers were Belgium (68,000t), Spain (42,000t) and Vietnam (24,000t), collectively accounting for 59 per cent of imports in August. They were followed by Luxembourg, Italy, Greece and Germany which together accounted for a further 25 per cent. In terms of value, cement imports in... |
Carbon falling below EUR80 after larger auctions and lower gas prices29 November 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The carbon market has fallen below the major support of EUR80, pressured by a lower energy complex and shift to gas from coal as a higher spark spread has been lowering compliance buying. The auctions used to provide funding for renewable subsidies have increased, adding to the price pressure. In addition, industrial demand destruction has not recovered and several industries are running on lower production. Starting in October, CBAM is exp... |
DG Khan Cement is exploring Mexico to export cement from Pakistan29 November 2023, Published under Cement NewsAccording to AKD Research, DG Khan Cement Co Ltd (DGKCC) held its corporate briefing on 24 November to apprise investors of its FY22-23 financial results and the company’s future outlook. DGKC recently exported two shipments to Mexico and four shipments to the USA. Management is actively focussing on exports to increase capacity utilisation. It expects higher clinker exports this year, but the impact would not be significant as clinker exports have minimal margins. However, margins on c... |
Energy complex lower on fading war premium while petcoke discounts fall as coal retraces28 November 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The Israel-Gaza situation seems to be contained from spreading and the war premium has quickly faded as no disruptions in any markets have been seen. The focus has now shifted back to demand and supply. The two major central banks kept their rates unchanged in the October meetings, keeping to the “higher for longer” rhetoric with inflation still too high for both the US and EU central banks. China’s growth, particularly in the property market... |
Rupee appreciation continues to sustain cement exports from Pakistan23 November 2023, Published under Cement NewsPakistan’s cement industry has registered significant growth in cement and clinker exports during the first four months of FY23-24 (July-October 2023) due to the continued depreciation of the Pakistani rupee and the falling coal prices. Pakistan’s cement and clinker exports increased by around 40.5 per cent in the 4MFY23-24 to US$93.08 (2.405Mt) compared to US$66.27m (1.324Mt) in the 4MFY22-23, the Pakistan Bureau of Statistics (PBS) said. In terms of volumes, exports increased by 81.69... |
Korea's white cement levy on Egypt begins20 November 2023, Published under Cement NewsSouth Korea’s anti-dumping duty on white Portland cement from Egypt has begun. The 72.23 per cent levy started on 15 November 2023 and will last for four months. The move is designed to protect Korea’s local industry from imports after Korean white cement producer Union filed a complaint to the Korea Trade Commission in March this year against Egypt’s Royal El Minya Cement and Albatros International Cement Trading. Union stated that cheap imports from Egypt were negatively affecting i... |
PIBT saw a host of economic challenges in FY22-2316 November 2023, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBTL) said in its annual report that during FY22-23, the company’s business was affected by the volumes handled, which lowered from 8.243Mt last year to 4.842Mt for the year ending 30 June 2023. It attributes the fall to the country's macroeconomic challenges, such as the high level of inflation, increased interest rates, devaluation of the Pakistani rupee against the US dollar, reduced economic activity and import restrictions. As a terminal o... |