Cement News tagged: Trading

Oil and coal are falling, petcoke climbs higher

23 February 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Another month with the European Central Bank (ECB) and the US Federal Reserve in focus: in the US the interest rate has been increased by 0.25 per cent while the ECB notched up the rate by 0.5 per cent. However, inflation seems stubbornly high. Therefore, it is expected that rates will increase further and remain high for some time with fears o...

Pakistan cement industry's exports fall in 7MFY22-23

21 February 2023, Published under Cement News

Pakistan’s cement industry saw a negative export revenue trend on overseas dispatches in the 7MFY22-23 (July-January 2023), according to the country’s Federal Bureau of Statistics (FBS). During the 7MFY22-23, the cement industry earned US$100.63m by exporting 2.061Mt of cement and clinker, compared with US$160.92m from 4.315Mt exports in the 7MFY21-22. As a result, exports plummeted by 37.5 p...

Domestic dispatches rise and exports fall in January

06 February 2023, Published under Cement News

Pakistan's total cement industry dispatches increased by 1.2 per cent in January 2023 to 4.01Mt from 3.96Mt dispatched during the same month of last fiscal year. Local cement dispatches advanced by 5.2 per cent YoY to 3.587Mt in January 2023 from 3.409Mt in January 2022. However, exports dispatches declined by 24.1 per cent as volumes fell from 551,006t in January 2022 to 418,067t in January...

Petcoke prices rising on growing demand while coal is falling as supply increases

01 February 2023, Published under Cement News

By Frank O. Brannvol, Brannvoll ApS, Denmark lAs China reopens, oil is finding support, seeing a recovery in oil prices to surpass the US$85 mark. The warm winter in Europe and lower gas prices are taking off the pressure for demand in the region. However, Russia’s discount is still in place for countries that do not sanction Russian gas supplies (China, India and Turkey). Meanwhile, coal...

Energy demand drops, lowering oil, gas and coal prices with petcoke discounts back in neutral

Energy demand drops, lowering oil, gas and coal prices with petcoke discounts back in neutral

26 January 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The central banks continued interest rate hikes with 0.50 per cent in December, promising more to come. This has led to greater expectations of recession and falling demand, and in combination with thin trading in December, the overall energy index has fallen. The EU has introduced windfall profits on power producers and maximum gas prices. In...

Cement exports nosedive in 1HFY22-23 in Pakistan

24 January 2023, Published under Cement News

Pakistan’s cement industry export revenue and overseas dispatches in the first six months of FY22-23 (July-December 2022) nosedived both YoY and MoM, according to the country’s Federal Bureau of Statistics (FBS). Industry experts blamed the country's political and economic uncertainty, and slowed world economy. In addition, export markets are drying up and domestic demand is weak as const...

EUA prices consolidate at higher level  awaiting policy decisions

EUA prices consolidate at higher level awaiting policy decisions

23 January 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The increase in fossil fuels use for power generation is keeping the demand for EUAs relatively high. However, a mild winter start and a falling energy complex temper this trend. Therefore, a rally above EUR80 is not expected in the short term as an economic slowdown is expected to lead to demand destruction. Speculators have reduced their prese...

EUA rising by end of year, driven by compliance and higher coal and gas prices

23 January 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark There has been very little direct news in the carbon market, as political discussions of changes to the EU ETS are still ongoing, and are driven by the movements in the fuel market. However, the market, which had been stuck in the EUR65-75 range, broke out to the upside as year end is approaching and compliance buying and short positions cl...

Winter and sanctions lifts coal and gas in Europe – petcoke discounts attractive again as petcoke drops slightly

23 January 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation remains high and central banks continue to increase interest rates albeit at a slower pace. This has now led to widespread expectations of recession not only in the EU, which is hurt by energy sanctions, but also in the US as its Federal Reserve maintains a very aggressive stance. The oil market has fallen below US$80, but is dec...

EUA falling below EUR80 on lower energy complex

31 January 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark December was characterised by low trading activity and high volatility. Driven by oil and gas the energy complex fell due to reduced power demand in Europe, lowering compliance purchasing. While the dark spread is still offering higher value, some gas firing has returned, lowering the demand for EUAs. The new front-year contract is trading w...

Bangladesh's cement export revenue totalled US$4.69m in 1HFY22-23

09 January 2023, Published under Cement News

During the first six months of FY22-23 (July-December), Bangladesh's cement industry earned export revenue of US$4.69m on the export of cement, mostly to neighbouring Asian countries, compared to US$3.91m in the same six months last year. This translates to growth of 20 per cent YoY but marks a shortfall of 9.1 per cent to meet the target of US$5.166m set for these months of the ongoing fiscal...

Pakistan records a 21% decline in cement dispatches in 1HFY22-23

06 January 2023, Published under Cement News

The negative trend in cement dispatches in Pakistan has continued in the last few months. The latest data for 1HFY22-23 and December 2022 show the sector has been affected by a slowdown in the local construction industry and unviable exports. Pakistan’s total cement deliveries (domestic and exports) were 21.764Mt during 1HFY22-23, which is 20.7 per cent lower than 27.456Mt dispatched during 1H...

DTI imposes definitive anti-dumping duty on Vietnam exporters

30 December 2022, Published under Cement News

The Cement Manufacturers Association of the Philippines (CeMAP) welcomed the imposition of definitive anti-dumping duties against cement imports from Vietnam, according to a report in the Manila Bulletin. In a statement, CeMAP reiterated its view that there is sufficient domestic capacity to serve local demand for cement. It claimed that even without cement imports, the domestic industry is...

Cahya Mata Cement ends supply difficulties

28 December 2022, Published under Cement News

Cahya Mata Cement Sdn Bhd (formerly CMS Cement Industries Sdn Bhd) has given its assurance that it   has fixed all the disruptions of cement supply as of early November. "As announced previously in October, there were disruptions to the supply of cement in Kuching and nearby areas. There has not been any disruption of cement supply in the northern region of Sarawak. Currently we have mor...

CEMBUREAU welcomes ETS and CBAM agreements

22 December 2022, Published under Cement News

CEMBUREAU, the European Cement Association, welcomed the trilogue agreements struck by EU negotiators on the EU Emission Trading Scheme (ETS) and the EU Carbon Border Adjustment Mechanism (CBAM).  “The agreements on CBAM and ETS are essential to create a global level playing field on CO 2 and support our sector in its transition to carbon neutrality. It is positive that the EU institutions...

Energy complex under interest rate pressure – coal falls sharply on lower demand while petcoke stable and discount neutral

23 January 2023, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Leading central banks raised rates again by 0.75 per cent, with promises of more to come as inflation is persistent as sanctions are still keeping energy prices artificially high in Europe. The EU has not agreed on any common measures as these are very hard to introduce in a free market. However, the threat of demand destruction combined with...