Cement News tagged under: trading
EUA falls sharply pressured by gas and coal prices25 July 2023, Published under Cement NewsBy 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 seen demand destruction and savings on power demand, and as consumption has been lower, reducing the ... |
Pakistan cement earns an export revenue of US$190m in FY23 (July -June)24 July 2023, Published under Cement NewsPakistan'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 from the previous year's earnings of US$224m and 5.733Mt exports, indicating a decline of 15.2 per c... |
Petcoke on the rise, driven by higher coal prices and high discounts – new OPEC cuts support oil21 July 2023, Published under Cement NewsBy 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 cent to 15 per cent in a new inflation focus. Talks between the USA and China have released the te... |
Egypt's cement exports rise 33% in 5M2313 July 2023, Published under Cement NewsEgypt’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$84.347m, rising by 203 per cent YoY, reported Amwal Al Ghad. Ghana imported US$65.155m worth of Egyptian ... |
Petcoke seen as cheapest fuel as up first time in 17 weeks07 July 2023, Published under Cement Newsby Frank O. Brannvoll, Brannvoll ApS, Denmark Oil is stabilising following an intervention from Saudi Arabia with cuts as negative sentiment persists. Coal has settled above US$100, but plenty of supply to the market. Nevertheless, a higher price is expected. Petcoke dropped to US$65, but after 17 weeks, it is now seen as the cheapest fuel and price is moving up. While the discount remains in neutral, its position at the high end points to a move to the cheap zone. Steam coal an... |
Bangladesh cement export revenue jumps 43% YoY05 July 2023, Published under Cement NewsBangladesh has reported 42.7 per cent YoY growth in cement export revenue to US$13.66m in FY22-23 (July 2022-June 2023). This compares to US$9.57m in the same period a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone and related products. Historically, the majority of cement exports from Bangladesh are shipped to India, particularly from the northeastern states of Bangladesh. Other popular destinations include N... |
EUA falls sharply pressured by gas and coal prices03 July 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The EUA price saw a sharp drop below EUR80/t to major support at EUR77/t, pressured by lower gas and coal prices. After compliance buying ended in April, investment funds now have the largest short position since 2018. Following a new round of cuts by OPEC+, gas and oil prices lifted. While there has no political news, the market expects a tightening of the EU’s carbon reduction target to 75 per cent in 2040, replacing the current target... |
OPEC+ actions lift oil and the energy complex – coal and petcoke fall to 2020 levels on lower demand30 June 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The markets are still caught in the fear that higher interest rates to fight inflation could start a recession and see demand fall. The market expects both the US Federal Reserve and European Central Bank to increase rates but at a slower rate to enable current levels to take effect. The US debt ceiling agreement reduced market fears and saw equities rise. Geopolitical tensions are looking towards Taiwan where US and Chinese navies are conduct... |
Provisional dispatches data show a mixed trend in June 202326 June 2023, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) is yet to release overseas and local cement dispatch data. Local cement sales are expected to grow by two per cent MoM in June 2023, but down 16 per cent YoY in the FY22-23 (July 2022-June 2023), according to a local research house. Topline Securities said Pakistan’s total cement sales in June 2023 are expected to increase by two per cent MoM, reaching 4Mt. Similarly, local dispatches are also anticipated to rise by two per cent... |
Lafarge Algeria increases cement exports in 1H2326 June 2023, Published under Cement NewsLafarge Algeria ( Holcim ) has announced improved export results for the 1H23. Thanks to the support of the Algerian authorities and close collaboration with its partners, Lafarge Algeria exported nearly 1.7Mt of products, 39 per cent of which were 'cement' finished products valuing more than US$80m. Volumes were helped by the start up of the automatic shiploader at Djenden Port, with 18,000tpd capacity. |