Cement News tagged: Trading

Sharp falls testing support - increased auctions combine with an exodus of speculators

30 September 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark After reaching a new all-time high of EUR99.40 just below the magic EUR100, the carbon market has lost 33 per cent, falling to EUR66. Speculators have left the market due to fear of potential intervention as EU member states have looked at capping carbon or suspending the market. Furthermore, traders have closed positions to pay for margin call...

Russian cement producers ask for import duties

30 September 2022, Published under Cement News

The strengthening of the ruble has made imports of cement from Iran, Kazakhstan and Belarus more profitable, according to Esmerk Russian News. As a result, total imports of cement into Russia could increase to 7Mta, forcing domestic producers to reduce capacity and mothball plants. Therefore, they have asked for protective measures such as import duties to be established.

Oil falling below US$90, coal and gas surge to new highs – petcoke may resume upward curve, but still buyers’ market

29 September 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The perfect storm has hit European energy end users, as EU sanctions against Russian energy exports are now backfiring in terms of prices and supply security. The EU is currently working on different packages to curb prices, but this will be extremely challenging if a free and market-based price structure is wanted. At the same time, drought and...

Tajikistan leading cement importer in Uzbekistan

29 September 2022, Published under Cement News

The State Committee of Uzbekistan on Statistics said the country receives the largest part of its cement imports from Tajikistan, which exported in the 8M22 approximately 625,000t of cement into Uzbekistan. Tajikistan produced 2.9Mt of cement in the January-August 2022 period. Other key importers include Kyrgyzstan and Kazakstan, which exported 458,000t and 409,000t, respectively to Uzbekist...

Ambuja and UltraTech win legal battle against electricity price hikes

Ambuja and UltraTech win legal battle against electricity price hikes

27 September 2022, Published under Cement News

Ambuja Cements and UltraTech Cement are among a number of companies who have won a legal battle against electricity distribution entities in Rajasthan over an increase in cross-subsidy surcharges (CSS). According to The Hindu, the electricity distribution companies buy electricity direct from the power producers and pay the CSS, which is then used to supply power to poor and under-privileg...

Pakistan sees a mixed export trend between July and August

20 September 2022, Published under Cement News

Pakistan's cement and clinker exports earned revenue of US$17.217m by dispatching 329,128t of cement and clinker overseas in the first two months (July-August) of the current financial year FY22-23 (July 2022-June 2023), compared to US$21.389m from 534,808t of exports in the year-ago period. Therefore, the sector saw a fall of 19.5 per cent in dollar terms and of 38.5 per cent in volume during...

Bangladesh cement exports rise 114% in July-August

Bangladesh cement exports rise 114% in July-August

20 September 2022, Published under Cement News

During the first two months - July and August – of FY22-23, Bangladesh cement exporters brought home an export revenue of US$1.65m on cement exports, which rose 114.29 per cent over the same months last year. The figure also includes a minor amount of salt, stone and related products, says the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh has set an export target for the cement ...

Ethiopia introduces new cement price regulation

19 September 2022, Published under Cement News

Ethiopia has announced a new cement price regulation to tackle the rising cost of cement products in the country. According to the Ethiopian Ministry of Trade and Regional Integration, the factory selling price for a quintal (100kg) of cement will now be between ETB510-683.44 (US$9.50-12.74). Cement factories in Ethiopia were initially asked to make price adjustments but the prices suggested ...

Indian cement prices forecast to rise

12 September 2022, Published under Cement News

Cement companies in eastern India are expected to raise their cement prices in mid-September, according to the Financial Express. Other regions across the country are forecast to follow suit in early October as the monsoon season comes to an end and construction activity resumes. Cement producers have already increased prices by INR15-20/bag (US$018-0.25/bag), an uptick of 4-4.5 per cent MoM, ...

Armenia reduces import duty for cement

09 September 2022, Published under Cement News

Armenia’s parliamentary committee on economic affairs has given the green light on a bill by ruling Civil Contract Party MP Babken Tunyan on the lowering of import duty on cement and abolishing import duties on clinker. If passed by parliament, the cement import duty will fall from AZD14,000 to AZD9000 while clinker import duties will no longer be levied. The new bill is expected to address...

Oil down but coal rising again as gas prices advance

02 September 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex is falling, led by oil, more interest hikes and the fear of recession. Oil prices are down due to lower demand expectations and a small increase in output by OPEC+. Meanwhile, the price of coal is rising again, driven by higher gas prices. API 4 coal costs now US$340. Russia continues...

Indonesian cement and clinker exports decrease 36% in June

29 August 2022, Published under Cement News

Total exports from Indonesia declined by 35.5 per cent in June 2022 as the country’s cement producers supplied 665,760t of cement and clinker to overseas destinations, according to the Indonesian cement association, ASI. In June 2021 exports reached 1,032,486t. Cement exports slipped by 2.1 per cent to 115,455t in June 2022 from 117,960t in June 2021 while clinker exports decreased by 39.8 p...

Uzbekistan reduces imports by 25% in 7M22

24 August 2022, Published under Cement News

In the January-July 2022 period Uzbekistan has imported 1.3Mt of cement, with a value of US$52.2m. In terms of volume, this represents a 24.5 per cent YoY drop from 1.721Mt in the 7M21, reports Asia-Plus. Of this total, 533,000t was exported by Tajikistan, which is the largest importer into Uzbekistan. Other sizeable volumes originated in Kyrgyzstan (385,000t) and Kazakhstan (353,000t). Turk...

Carbon prices reflect demand destruction but kept up by increased coal consumption, awaiting new regulation

26 August 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices tested the downside, due to fear of demand destruction and potential closing of production sites as a consequence of the lower gas deliveries. In addition to inflation, higher interest rates may dampen demand. However, in the short-term coal production has been increasing and several countries will reopen coal plants and even dies...

Burundi to allow cement imports

19 August 2022, Published under Cement News

The Burundi government has announced plans to allow the import of cement in a bid to get prices under control. A shortage of cement in the country due to a lack of production capacity has created a black market with prices that have been steadily rising. Buceco Cement has been seeking a review of cement prices since 2021 due to soaring raw materials and transport costs. The company now wa...

Vietnamese cement consumption falls 27% in July

18 August 2022, Published under Cement News

Cement consumption in Vietnam came in at 5.95Mt in July 2022, down 27 per cent compared to July 2021, according to data from the Department of Building Materials under the Ministry of Construction. Domestic consumption in July reached 4.85Mt while exports stood at around 1.1Mt. For the first seven months of 2022, cement consumption was an estimated 54.99Mt, a decline of 17 per cent YoY, wit...