Cement News tagged: Trading
New sanctions push the energy complex higher while Russia offers huge discounts to non-sanction markets, keeping petcoke rise in check
By Frank O. Brannvoll, Brannvoll ApS, Denmark New EU oil sanctions against Russia have again moved the energy complex higher, particularly oil and coal, as the EU now has to find new suppliers, leading to increased costs for end users. Moreover, the inflationary fall-out from the Ukraine-Russia war is now seen in all economies. The US Federal Reserve has turned to sharp rate increases...
Cement exports from Pakistan show a mixed trend
Pakistan's cement exports continued to report mixed trends in the export of cement and clinker cumulative basis for 11 months and in May alone of FY22, according to the Pakistan Bureau of Statistics. AKD Research has attributed this mixed trend to low export prices and increasing coal prices, which have made exports unattractive. Pakistan's cement and clinker exports in the first 11 months ...
DG Khan set for US exports
Pakistan-based DG Khan Cement Co will be exporting 50,000t of cement to the USA for the first time. “A ship, Tomini Felicity, is presently loading cement at KPT in 1.5t jumbo bags destined for Houston, Texas USA,” Fareed Fazal, DG Khan director, said. The shipment is part of a contract that will see the cement producer export 100,000tpd to Texas after concluding a deal in August 2021, when ...
Cembureau calls MEPs to secure a timely ETS and CBAM agreement
C EMBUREAU (European Cement Association) expressed its disappointment at the European Parliament plenary votes on the EU Emission Trading Scheme (ETS) and the EU Carbon Border Adjustment Mechanism (CBAM). “The EU cement industry needs a strong CBAM to support our decarbonisation efforts and fight carbon leakage. Both draft European Parliament texts on ETS and CBAM contain significant impro...
Oil prices up while coal and petcoke are stabilising
Since ICR’s most recent energy report , the energy complex is awaiting the impact of sanctions on Russia and the risk of an economic slowdown. Oil prices increased to US$100-115 on the back of the EU’s potential sanctions on Russian oil. Coal is stabilising after rising on demand before the sanctions in August with Russia offering a discount. High-sulphur petcoke (6.5%) 40HGI FOB US...
High cost of manufacturing influences cement dispatches in May 2022
Topline Securities has stated that Pakistan’s cement sales were affected in May 2022 mainly due to the Eid holidays and economic slowdown. The attrition in exports is on the back of disruption in the global supply chain, resulting in higher sea freight charges. The All Pakistan Cement Manufacturers Association (APCMA) remarked that the continuous downfall of the rupee coupled with the skyrocke...
Vietnam continues to dominate imports in the Philippines
Vietnam’s dominance of cement imports in the Philippines continues to cause concern for local producers. With local demand expected to reach 66Mt in 2025, the Cement Manufacturers Association of the Philippines (CeMAP) has revealed data showing that Vietnamese cement accounts for the bulk of cement imports while deliveries from the rest of the world continue to shrink, according to the Manila ...
Ecuador completes first cement export contract
Ecuador has exported cement for the first time, delivering 32,660 to of cement in 16,330 Bigbags to Peru, according to a local news service. The consignment was supplied at the end of April to position Holcim Ecuador as bulk cement exporter in Latin America and diversify its export value offer. The shipment was made possible by an investment of US$2.2m to expand infrastructure and implement...
UK secondary fuels market to stabilise in 2022
Exports of secondary fuels, such as refuse-derived fuel (RDF) and solid recovered fuel (SRF), from England fell by 40,055t in March this year, compared to the same period a year earlier. March 2022 saw exports of 135,506t, versus 175,561t in March 2021, according to data from Footprint Services. Of the March 2022 total, recycling specialist Geminor UK accounted for 29,196t, or 21.5 per cent of...
Carbon prices rise due to increased coal demand – speculators return to the market
By Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices rose above EUR85 as increased compliance buying was seen due to a sharp upturn of coal-fired power generation in the EU, resulting in an estimated 60Mt of additional emissions. The demand was three times higher than the auctioned amounts in the latest auction, significantly supporting the exchange traded market. The speculat...
Bangladesh sees 22% increase in cement export revenue
Bangladesh has reported a 21.79 per cent YoY increase in revenue from cement exports in the 10MFY21-22 (July 2021-April 2022). Revenue for the period came in at US$7.77m, compared to US$6.38m in the same period a year earlier. This figure also includes minor quantities of salt, stone and other related products, according to the Bangladesh Export Promotion Bureau (EPB) data. During the last...
Potential new EU sanctions lift oil and coal but China lockdowns dampen demand – sharp drop in petcoke prices
By Frank O. Brannvoll, Brannvoll ApS, Denmark Another month driven by war in Ukraine, imminent EU sanctions pushing energy prices upwards, and central banks raising interest rates on the back of increased inflation pressures. As a result, analysts are fearing a recession with a potential fall in energy demand. However, the EU sanctions against Russia are starting to hurt European countries...
Algerian port exports record clinker levels in 4M22
The port company of Skikda in Algeria has exceeded its annual clinker export target set at 274,907t, by exporting more than 325,000t in the first four months of the year, according to Abdelmalek Hamidecha, the company's communication and information officer. The increase in clinker exports at the port has been enabled through facilitation measures taken to encourage and support economic ope...
Cementos del Tajo starts rail transport for clinker imports
The Toledo company Cementos del Tajo (G2 Hormigón group) will transport clinker by train from the port of Cartagena in southern Spain to Noblejas (Toledo), central Spain. The company has needed a special authorisation from network rail company Adif to take the first load of this product by train from Escombreras. The railway service foresees a frequency of two weekly trains travel over 400...
Pakistan cements export plunges in April and 10MFY22
Pakistan's cement exports continued to fall in April alone and 10MFY22, in particular due to high freight costs and other local factors, according to Pakistan Bureau of Statistics. Experts stated that high freight costs have made exports overseas unviable. The seaborne exports will continue their current trajectory until freight rates normalise. In addition, cross-border exports to Afghani...
Pakistan’s cement dispatches decline in April and 9MFY22
Pakistan's cement industry is facing weaker dispatches issues due to the unstable business and economic situation prevailing in the country. Even the Pakistan stock exchange witnessed a several losses on 9 May 2022, due to further devaluation of the Pakistani rupee against US dollar, uncertainty regarding debt repayments and depletion of foreign exchange reserve, leading investors to remain si...