Cement News tagged: Trading

New slide in oil pushing coal lower and petcoke below US$100 due to demand fears after new rate hikes

22 May 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark IMF downgraded global growth to 2.8 per cent and warned of a “rocky recovery” due to inflation and falling demand. The US Federal Reserve (Fed) and the European Central Bank (ECB) continued the interest rate hikes with a further 0.25 per cent, leading to rates of 5.25 and 3.75 per cent for the Fed and ECB, respectively, and market fears of fa...

Kenyan clinker imports set for additional tax

09 May 2023, Published under Cement News

Kenyan producers of clinker are being boosted with the proposal to introduce a new tax as the State moves in to protect local industry. The export and investment promotion levy is a new tax that the William Ruto administration is seeking to impose on imported goods that can be made in Kenya to boost the local manufacturing industry. The Kenyan state government has, through the Finance Bill ...

Bangladesh cement exports show an upward trend in 10MF22-23

05 May 2023, Published under Cement News

Bangladesh has reported 38 per cent YoY growth in cement export revenue to US$10.72m in the 10MFY22-23 (July 2022-April 2023). This compares to US$7.77m in the same period a year earlier.  The value of the target set for this period also saw a healthier growth of 19.5 per cent. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone an...

Coal price find supports while petcoke sees sharp fall

01 May 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Oil prices support the full energy complex and OPEC+ announced new production cuts totalling 1.6mb/d. Oil prices have risen from US$72/bbl to a high US$88/bbl but are now in their former range of US$80-90/bbl at US$81/bbl. Coal prices are finding support among strong supply and are stabilising at US$132 for the API4 contract. As expected, pe...

Carbon testing EUR100 but in range due to seasonality with lower demand

Carbon testing EUR100 but in range due to seasonality with lower demand

28 April 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The cement sector has reduced its emissions with six per cent in 2022 compared to 2021 and Europe has lately seen a downtrend in the coal-fired power production, reducing demand for EUAs slightly. Despite this the market tested the EUR100 resistance again in March on less fear of recession, but the banking issues in the USA and Switzerland took ...

OPEC + surprise cut sends oil sharply higher, coal stable petcoke sliding sending discount back to neutral zone

26 April 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The story of inflation and central bank rate hikes continues. Inflation figures from the US were at five per cent in March, awaiting another 0.25 per cent hike from the Federal Reserve. The European Central Bank is also expected to raise rates as inflation remains high due to EU sanctions keeping energy prices relatively high to 2021 before s...

Pakistan's cement industry saw a mixed export revenue trend in 9MFY22-23 and March

Pakistan's cement industry saw a mixed export revenue trend in 9MFY22-23 and March

25 April 2023, Published under Cement News

Pakistan's cement industry saw a negative trend in export revenue on the back of a range of factors, including a slowdown in economic activity in Pakistan and overseas. According to the country’s Federal Bureau of Statistics (FBS), in the 9MFY22-23 the cement industry earned US$135.439m by exporting 2.91Mt of cement and clinker, compared with US$199.372m from 5.23Mt exports in the 9MFY21-22. T...

APCMA releases mixed dispatches data for March 2023

06 April 2023, Published under Cement News

Total cement dispatches of Pakistan's cement mills in March 2023 were 3.795Mt against 5.01Mt in the previous fiscal year, representing a fall of 24.2 per cent.     A spokesman of the All Pakistan Cement Manufacturers Association (APCMA) said that construction activities in both the northern and southern regions of the country have significantly decreased in recent months, which is not on...

Bangladesh cement exports surpass target by 20.7% in 9MFY23

05 April 2023, Published under Cement News

Bangladesh has reported 48.7 per cent YoY growth in cement export revenue to US$9.68m in the 9MFY22-23 (July 2022-March 2023). This compares to US$6.51m in the same period a year earlier.   The value of the target set for this period also saw a healthier growth of 20.7 per cent. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone ...

GICA's cement and its Chlef plant obtain CE certification

28 March 2023, Published under Cement News

The Chlef Cement plant and Entreprise des Ciments et Dérivés d'Echéliff ( ECDE ), affiliated to the Algerian Cement Industrial Complex Groupe Industriel des Ciments d'Algérie ( GICA ), has obtained the certificate of conformity to European standards (CE) for the cement it produces.  The company produces Jika  Biton  (42.5 N) Jerry Portland cement, Jika Bunyan (32.5 N) Jerry Portland cemen...

Pakistan cement earns US$117.69m during the 8MFY22-23

21 March 2023, Published under Cement News

Pakistan's cement industry constantly saw a negative to mixed export revenue trend in the 8MFY22-23 (July 2022-February 2023), according to the country’s Federal Bureau of Statistics (FBS). The country's political and continued economic uncertainty, high business costs and cooling world economy have impacted overseas and local dispatches. Overall, a delay in loan disbursement also hurt the sen...

ECDE exports 0.35Mt of clinker from Algeria

17 March 2023, Published under Cement News

Algeria-based ECDE , part of the GICA group, has exported since the start of the year close to 350,000t of clinker from Algeria, according to ECDE CEO, Kada Dinar. GICA’s Chlef plant has three production lines with a total capacity of 4.2Mta. Shipments were delivered to countries in Europe, Africa and Latin America from the two ports of Tenès (Chlef) and Oran. This year, the company targe...

Nepal exports 153,493t of cement to India in 7MFY22-23

13 March 2023, Published under Cement News

In the 7MFY22-23 Nepal exported cement and clinker worth NPR167.03m (US$1.273m), reports Khabarhub. According to Nepal’s Department of Customs, over the seven-month period, 153,493t of cement were exported, with a value of NPR60.66m. Clinker exports came in at 151,158t, worth NPR106.38m.  According to the government, two Nepali cement companies have been exporting product to India. These ...

Bangladesh reports 50% increase in cement export revenue

09 March 2023, Published under Cement News

Bangladesh has reported 49.7 per cent YoY growth in cement export revenue to US$8.13m in the 8MFY22-23 (July 2022-February 2023). This compares to US$5.43m in the same period a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure also includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries.  ...

Very low petcoke discounts may lead to switch to coal

08 March 2023, Published under Cement News

The price of a barrel of oil has returned to the lower end of the US$80-88 range. Gas prices were also down on the back of warm weather forecasts and the Turkey-Syria earthquakes, which are cooling demand. Coal prices continue to slip lower, along with other sources in the energy complex, as the fear of recession persists. The stable price of petcoke and very low discounts are expected to ...

APCMA releases mixed dispatches data for Feb 2023

07 March 2023, Published under Cement News

Pakistan’s local cement dispatches fall and exports rise in February. Commenting on the trend of dispatches, a spokesman of the All Pakistan Cement Manufacturers Association (APCMA) emphasised that the economic situation in the country is becoming more and more complicated with each passing day: "We are facing serious operational problems and need a timely supply of spare parts and consumable ...