Cement News tagged: Trading

Bangladesh cement export momentum continued in 8MFY23-24

11 March 2024, Published under Cement News

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

08 March 2024, Published under Cement News

Pakistan's listed cement sector reported record earnings of PKR22.4bn (US$58.18m), up eight per cent YoY in the 2QFY23-24. This earnings growth is primarily due to higher gross margins and other income. Major contributors to the profitability of the cement sector in the 2QFY23-24 were Lucky Cement (LUCK), followed by Bestway Cement (BWCL) and Fauji Cement (FCCL), according to Topline Pak...

FOB and ARA discounts narrow

01 March 2024, Published under Cement News

Coal stabilised on support at a level of around US$90/t, pressured by gas prices but supported by oil. Continued freight issues in the Suez Canal and the Red Sea are supported the price of oil. Petcoke FOB contracts were stable but after buying for the 1Q24 was completed, trade was low. Discounts on FOB contracts remained stable in the neutral zone, but discounts on ARA contracts fell, retur...

Carbon price collapses due to political uncertainty and speculative pressure – major support tested

28 February 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Sharp falls were seen in the European carbon market, as several political factors from demonstrations and political uncertainty hit the market during January and February. This, in combination with the ongoing lower energy complex, especially gas and coal, has sent the price for the Dec 24 contract to EUR60, the lowest seen for years. Speculator...

Alaskan port sees cement shipments jump by a third

Alaskan port sees cement shipments jump by a third

27 February 2024, Published under Cement News

Alaska’s Don Young Port saw cement shipments increase by around one-third in 2023, compared to the previous year. The port handled almost 155,000t of cement last year, accounting for about 80 per cent of the cement used in Alaska. According to Anchorage Daily News, this marks the highest volume of cement shipped across the port since at least 2007. If the last 12 months are anything to ...

Pakistan’s cement industry exports exhibit mixed trends

21 February 2024, Published under Cement News

Pakistan’s cement industry has registered significant growth in the first seven months of FY23-24 (July 2023-January 2024) due to the continued good exchange rate of the Pakistani rupee against foreign currency and other factors. AKD Research believes that the recent decline in international coal prices, dropping to US$92/t following reduced winter demand from Europe, presents a favourable dev...

Politics dominates the energy market, oil stabilises but coal drifts lower while petcoke rises on lower freight rates

Politics dominates the energy market, oil stabilises but coal drifts lower while petcoke rises on lower freight rates

20 February 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark   The oil price remains subject to a risk premium due to the Israel-Gaza conflict. Providing the situation does not escalate, the market hovers around US$80. Meanwhile, the Ukraine-Russia war is still deadlocked, but the political stage in Europe and potential US election is lurking, making negotiations more likely. In the financial markets b...

WCA launches CBAM communication campaign

19 February 2024, Published under Cement News

The World Cement Association (WCA) is working to support the roll-out of the EU’s Carbon Border Adjustment Mechanism (CBAM) by joining its stakeholder communication campaign. The goal of the CBAM communications campaign is to inform, explain and facilitate information about CBAM, namely its reporting requirements, methodologies for calculating emissions and how the CBAM transitional registry w...

Bangladesh cement export turns in double-digit 7MFY23-24

07 February 2024, Published under Cement News

Bangladesh has recorded a 59 per cent YoY expansion in cement export revenue to US$10.51m in the first seven months (July-January 2024) of FY23-24 from US$6.61m in the same seven 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 21.1 per cent YoY rise in cement exports also surpass...

FOB discounts fall while ARA discounts return to neutral

29 January 2024, Published under Cement News

Coal fell sharply below US$100, due to weak demand and large stocks, on 22 January 2024, while oil hovered around the US$80/bbl mark as freight issues in the Suez Canal and the Red Sea supported oil prices. Petcoke FOB contracts recovered from December lows as demand forecast for 1Q24 and 2Q24 shows an upward trend and discounts were increasing until weaker coal prices emerged. Discounts on ...

Cement dispatches show mixed trend in January

26 January 2024, Published under Cement News

The All Pakistan Cement Manufacturers Associations (APCMA) is yet to issue January 2024 cement dispatches data about local consumption and export. However, Topline Pakistan Research has forecast that Pakistan total cement sales in January 2024 will decline by 14-18 per cent YoY and MoM to reach 3.4Mt.  According to a report, local cement dispatches are likely to fall by 15-19 per cent YoY and...

Carbon sharply higher after change of contract to Cal 24, now pressured from lower energy complex

24 January 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The shift in contract to December 2024 sent the price EUR10 up without any real news in the market. The overall energy complex has gone lower and as a result, the carbon price rallied up to EUR80. Several speculators went short again in the new contract. Industrial demand is still sluggish and is expected to worsen if a recession were to hit the...

Pakistan's cement exports consistently increase

24 January 2024, Published under Cement News

Pakistan's cement industry has registered significant growth in US-dollar revenue and volume growth for cement and clinker exports during the first six months of FY23-24 (July-December 2023), due to the continued good exchange rate of the Pakistani rupee against foreign currency and other factors.   Pakistan's cement and clinker exports increased by around 58.8 per cent in the 6MFY23-24 to ...

Energy complex continued lower with petcoke seeing new lows and higher discounts

23 January 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The energy complex fell further in December but recovered by the end of 2023. In geopolitical terms, the Israel-Gaza conflict has seen increased risk of spreading and ship attacks in the Red Sea from Houthi terrorists in Yemen increased risk for oil and good shipping. A western UN-backed naval force has put an ultimatum and when attacks st...

Red Sea crisis on Pakistan’s cement industry

18 January 2024, Published under Cement News

Pakistan closely monitors the Red Sea crisis as it could disturb the movement of cement export cargoes to the USA and Europe as well as affect coal imports at Pakistani ports. It is also feared that any trade re-route would spark new inflation and supply chain disruption worldwide and in Pakistan. IMS Research, in a situation review report, warned that escalating tensions in the Middle East h...

Pakistani cement dispatches see 5% uptick in December

18 January 2024, Published under Cement News

Cement dispatches in Pakistan were up five per cent YoY in December 2023, settling at 4.1Mt compared to the same period in the previous year. According to a report from AHL Research, domestic dispatches declined by four per cent YoY to arrive at 3.5Mt. The fall in domestic dispatches was due to subdued demand due to high inflation. Local dispatches of the north were recorded at 2.9Mt, a fal...