Cement News tagged under: trading
Coal continues recovery while petcoke sees sharp fall11 October 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll Aps, Denmark Coal has continued its recovery with a higher energy complex, consolidating in the US$110-140 range and balancing Russian supply. Petcoke saw a sharp fall on increased supply, leading to a switch to coal as the discount fell to low levels. Both grades are now below US$100 and pushed down by freight. The increased FOB discount is expected to lure in new buyers. Petcoke with 6.5 per cent S is expected to continue in the US$80-95 range wi... |
Bangladesh posts 101% cement export revenue growth in 3MFY2410 October 2023, Published under Cement NewsBangladesh has recorded 100.9 per cent YoY growth in cement export revenue to US$4.38m in the first three months (July-September 2023) of FY23-24 from US$2.18m earned in the same months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. A target of US$3.38m for three months was also surpassed by 29.6 per cent YoY. Bangladesh had set a higher target export revenue of US$15m for FY23-24 aga... |
Ukraine ready to lift import duty on Moldova10 October 2023, Published under Cement NewsUkraine is ready to end its anti-dumping duty on cement from Moldova by the end of 2023, according to the Ministry of Economic Development and Digitalisation of Moldova. The announcement comes after a meeting between the co-chairs of the Moldovan-Ukrainian Interdepartmental Commission on International Trade in Odessa. Along with the duty removal, the two countries also agreed to help remove other barriers to trade by simplifying border controls to optimise the flow of goods, review enviro... |
Pakistan to expect a mixed trend in dispatches in September29 September 2023, Published under Cement NewsThe cement dispatch trend in Pakistan will likely be mixed in September 2023 due to monsoon rain and transport issues, according to Topline Pakistan Research. However, the All Pakistan Cement Manufacturers Association (APCMA) has yet to release official data to support or contradict this scenario. A mixed trend of dispatches was recorded during the first two months of the current financial year. The research house believes that Pakistan's total cement sales in September 2023 are expect... |
White cement anti-dumping duties issued in South Korea27 September 2023, Published under Cement NewsSouth Korea is to impose anti-dumping duties on white Portland cement imported from Egypt, said the industry ministry. Following a preliminary examination, the Korea Trade Commission (KTC) recommended the Ministry of Finance to levy provisional duties of 72.23 per cent on Egyptian white cement imports to protect the local cement industry while it carries out an additional probe. The probe came as domestic cement producer Union Corp filed a complaint in March against Egypt's Royal El M... |
Nova Marine Carriers ship grounds in St Lawrence River26 September 2023, Published under Cement NewsTwo tugs have been dispatched from Montreal to assist the NACC Argonaut, a cement carrier that ran aground on Sunday morning on the St Lawrence River near Cornwall in Ontario. Nova Marine Carriers’ 13,977dwt ship is partially laden and was built in 2003. Traffic along the river has been suspended with authorities concerned that the cement carrier has taken on water. The ship has developed a list to port. Having veered off the fairway, the ship is wedged between an island and a dyke making... |
EUA stuck in range trading – while UK price hits new low25 September 2023, Published under Cement NewsBy 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 five-year intervals up to 2050 to keep receiving free emission allowances. This proposal is currently un... |
Pakistan's cement industry saw significant export growth in 2MFY23-2420 September 2023, Published under Cement NewsPakistan's cement industry saw significant growth in cement exports, both over land to Kabul and further afield by sea during 2MFY23-24 due to the depreciation of the Pakistani rupee and the falling prices of Afghan and local coal. According to AKD Securities Ltd, cement exports are expected to show growth going forward, driven by the viability of export prices, particularly in light of declining coal prices. IMS Research also believes that exports continue to demonstrate robust growth, p... |
Petcoke discount falls sharply, energy complex rises driven by oil20 September 2023, Published under Cement NewsBy 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 boosting the economy have taken some of the fear out of the energy markets, which have seen a recovery in... |
Caribbean Cement to boost exports18 September 2023, Published under Cement NewsCaribbean Cement Co Ltd (CCCL) has exported 3400t of cement to the Turks and Caicos Islands, a volume it hopes to ramp up once its expansion plans are completed. The company is currently extending its kiln capacity as part of a US$40m investment plan, boosting production capacity by up to 30 per cent. “As soon as we have available product, available capacity, we will always sell it to Jamaica. This is our priority. However, there is a market out there for us. We will actively look for o... |