Cement News tagged under: Trading
Pakistan's State Bank notes export growth in 1HFY23-2415 May 2024, Published under Cement NewsThe State Bank of Pakistan (SBP) has reported that the country’s cement sector shows significant export growth during the 1HFY23-24. Cement production saw a modest rise of 1.9 per cent during 1HFY23-24, largely attributed to the increased export volume. This was further bolstered by a surge in domestic sales in the last few months. Cement demand in the country’s export destinations, including Afghanistan, Bangladesh, Hong Kong, Germany and Ghana, nearly doubled to 3.7Mt during 1HFY23-24. ... |
PIBTL handled 5,366,521t of cargo in 9MFY23-2414 May 2024, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBTL) recently announced its 9MFY23-24 financial statements for 31 March 2024, on the Pakistan Stock Exchange (PSE) website, followed by a detailed report. During the period, the demand for coal imports has revived, primarily due to measures for economic stabilisation undertaken by the government, such as lifting import restrictions, economic stability stimulated by the strengthening of Pakistani rupee against the US dollar, and increased economi... |
Bangladesh's cement exports see a 49% YoY growth during 10MFY23-2410 May 2024, Published under Cement NewsBangladesh’s cement industry has witnessed substantial growth in its exports. It saw a 48.7 per cent YoY growth in cement export revenue, generating US$15.94m during the first 10 months of FY23-24. This is up from US$10.72m in the same period of the previous year and includes some salt, stone, and related products. Cement exports rose by 29.3 per cent YoY and exceeded the target of US$12.23m for the 10MFY23-24. Bangladesh’s cement exports mainly depart for India, with other popular destin... |
Dangote Cameroon imports clinker from Nigeria and Congo to ensure 1Q supply06 May 2024, Published under Cement NewsDangote Cement sold 354,000t of cement in the Cameroon market in the 1Q24, representing 35 per cent of total cement production in the country, according to EcoMatin. While ongoing infrastructure projects in the country supported sales by Dangote, the company has faced challenges due to inflationary pressures and increasing fuel costs. Dangote has delivered significant quantities of clinker to Cameroon to support its local output. From its base in Nigeria, the company delivered 178,000t whi... |
Petcoke discount remains in cheap zone with good potential03 May 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Coal moved higher on the back of geopolitical tensions and was supported by oil and gas prices. Petcoke FOB picked up slightly from last month’s price but is trapped in the high US$60s. Discounts increased and petcoke increased from lows at US$62. On FOB and ARA bases, the petcoke discount remains in the cheap zone and offers good potential. The discount on ARA rose to cheap petcoke on increasing API2 and falling petcoke with freight USGC ARA ... |
EU ETS 2023 emissions down 16% YoY amid record global emissions – prices rise to about EUR6029 April 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark In 2023 EU verified emissions showed a 15.5 per cent fall from 2022, based on a 24 per cent drop in power generation emissions due to lower demand. Energy intensive industries emitted seven per cent less YoY as a result of reduced production. The aviation sector increased its emissions 10 per cent YoY as the industry recovered from the COVID-19 impact. The total number of emissions fell from 1.3bnt to 1.1bnt in line with forecasts and did not ... |
Oil rallies above US$90, coal and petcoke dragged higher as geopolitical tensions increase26 April 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitics once again dominated the energy complex. Fear of the Gaza conflict spreading towards Lebanon and Iran added a risk premium to oil, driving it above US$90. The US Federal Reserve and the European Central Bank have both claimed that interest rates will not come down before inflation clearly shows movement towards the two per cent benchmark. In combination with high employment and GDP figures, this has lowered prospects for lower i... |
Turkey exports to Georgia up 7% in 1Q2423 April 2024, Published under Cement NewsTurkey has increased its exports of cement products to Georgia by 6.8 per cent YoY to US$17m in the January-March 2024 period, according to the country’s Trade Ministry. However, exports to global markets were down by 7.4 per cent YoY to US$1.1bn in the 1Q24. In March alone, cement product exports to Georgia were up 4.4 per cent YoY to US$7.6m. On a global scale Turkey’s exports were down 1.1 YoY to US$390m. |
Botswana to restrict cement imports23 April 2024, Published under Cement NewsBotswana’s government plans to introduce new restrictions for the import of cement in 50kg bags and only allow 1000kg bags from 1 October 2024, according to the Minister of Trade and Industry, Mmusi Kgafela. This then provides an opportunity to look for partners and participate in this wealth creating initiative,' he said. The ban on 50kg bags would enable wealth creation by re-packaging cement in different bag sizes. |
Pakistan's cement/clinker exports rose 33% in the 9MFY23-2422 April 2024, Published under Cement NewsPakistan’s cement and clinker exports increased by 32.51 per cent in the 9MFY23-24 to US$179.47m (4.63Mt), compared to US$135.43m (2.90Mt) in the 9MFY22-23, the Pakistan Bureau of Statistics (PBS) said. In Pakistani rupee terms, export revenue saw a significant growth of 59 per cent to PKR51.24bn during the period, sustained by the local currency’s competitive rates against the US dollar. In addition, export volumes increased by 59.41 per cent YoY in the same period. The growth can be att... |