Cement News from International Cement Review
ABB and Salt X extend collaboration for electrification of calcination process
ABB and Sweden-based green tech company Salt X have signed an agreement to enable further development of electric arc calcination (EAC). Under the new agreement, Salt X will further develop its innovative EAC technology, which makes it possible to reach several thousand degrees Celsius. The electric plasma solution reinvents industrial calcination and replaces fossil fuel-based heating with...
Spanish cement demand falls 1.5% in February
Cement consumption in Spain fell 1.5 per cent in February, compared to the same month in the previous year. According to Oficemen, demand in February stood at 1,157,811t, marking a 17,769t contraction versus February 2023. This marks the ninth month in a row that cement demand in Spain has declined. The cumulative figure for the year to date sees consumption down 2.4 per cent YoY, or 53,...
Bangladesh cement export momentum continued in 8MFY23-24
Bangladesh has recorded a 51.9 per cent YoY growth in cement export revenue to US$12.35m in the first eight months of FY23-24 (July-February 2024) from US$8.13m in the same corresponding 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 24.1 per cent YoY rise in cement exports also...
- Pakistan cement industry exhibits record quarterly profit in 2QFY23-24
- FOB and ARA discounts narrow
- Carbon price collapses due to political uncertainty and speculative pressure – major support tested
- Alaskan port sees cement shipments jump by a third
- Pakistan’s cement industry exports exhibit mixed trends
Supramax rates fell significantly on all routes amid slow start to the year
By Brannvoll ApS, Denmark The year started on a negative note for Supramax owners in USG. Rates were rapidly falling amid a lack of cargoes and a growing tonnage supply. Closer to the end of the month, the negative trend took a hold and freight rates stabilised thanks to more grains and petcoke offers on fronthaul routes. Freight rates for transportation of a Supramax-lot of petcoke from...
- High volatility in USG Supramax/Ultramax markets
- USG Supramax market skyrocketing as demand/supply plays in owners’ favour and congestion impacts Panama Canal
- Freight rates rise again on increased petcoke and grain demand
- After dip, freight rates seen stable to slightly higher
- Freight rates rising quickly due to increased demand