Cement News tagged under: Fuel

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Key risks to near-term oil price

06 June 2019, Published under Cement News

Global oil demand is growing at its weakest rate since 2012 while global oil supply disruptions continue to be at their highest levels in almost 30 years, according to Bank of America Merrill Lynch (BoAML). Key risks to the oil price remain with US trade wars and tensions with Iran affecting demand and supply, respectively. In addition, the bank also highlights the “ultimate ultra-bearish scenario” where China relinquishes trade negotiations, ignores US sanctions and proceeds to purchase Ira...

Vietnam's cement industry assists coal demand

11 December 2018, Published under Cement News

Vietnam’s cement industry has helped drive an increase in coal sales during the first 11 months of 2018. The country’s Coal and Mineral Industries Corporation (Vinacomin) has exceeded its year plan within the period, recording an increase of 17 per cent YoY to 37.39Mt, according to Vietnam News. The amount of coal sold to the cement industry rose 21 per cent in comparison with the 11M17. Alongside a surge in demand from the thermal power and fertiliser industries, the high consumption of ce...

Shree Cement gets Raipur coal linkage

13 August 2018, Published under Cement News

India’s Shree Cement was awarded the coal linkage for its Raipur plant in Chhattisgarh. The contract for Grade 7 coal was awarded to the cement producer following a e-auction. The company paid a winning premium of INR130/t (US$18.76/t), 5.63 per cent of the notified price.

Supreme Court exempts cement industry from petcoke import ban

01 August 2018, Published under Cement News

India’s Supreme Court has finalised a ban on petcoke imports with exemptions for some key industrial users, including the cement sector. In a ruling released this weekend, the court agreed to put into place recommendations from the court-appointed Environment Pollution Prevention & Control Authority (EPCA) to limit imports only to those industries using coke as a feedstock or in the manufacturing process, not as a fuel. The EPCA had listed those industries as cement, lime kilns, calcium c...

ENERGY – OPEC consolidates oil while India shakes petcoke, coal high

20 December 2017, Published under Cement News

Prices at a glance Crude oil - bbl US$64.00 Coal API 4 - 1Q18 US$91.25 Coal API 4 - Cal2018 US$88.00 Petcoke USGC 4.5% 40HGI FOB US$82.00 USGC 4.5% 40HGI cf ARA US$100.50 USGC 6.5% 40HGI FOB US$72.50 USGC 6.5% 40HGI cf ARA US$91.00 In November the US dollar was supported by the US tax reform, which could see US firms repatriating profits. The lack of German government for...

Petcoke ban lifted for the cement industry

14 December 2017, Published under Cement News

The Supreme Court of India has relaxed its ban on the use of petcoke and allowed it to be used in the cement and limestone industries. The Ministry of Environment and Forests (MoEF) and the Environmental Pollution Control Authority (EPCA) both agreed that the use of petcoke in cement is not harmful due to the absorption of sulphur in the cement production process, according to the Financial Express. This decision has arrived after MoEF submitted that petcoke is mainly used as a feedstoc...

Luanda cement plant resumes production after HFO shortage

16 November 2017, Published under Cement News

China International Fund (CIF) has resumed production of its Luanda cement plant after four months of non-acitivity, because of the heavy fuel oil (HFO) shortage in the country. With the resumption of production, the 3.6Mta plant should start distributiong cement again in December or January. The Luanda Refinery stepped to supply HFO directly to CIF and Fábrica de Cimento do Kwanza Sul (FCKS) on 10 November. Several adjustments have been made by the Luanda Refinery to improve the quali...

Shree Cement sees narrowing margins despite drop in fuel cost

09 November 2017, Published under Cement News

Shree Cement Ltd’s power and fuel cost per tonne has dropped, according to a report by Mint. However, the falling cost of fuel over the third quarter of 2017 has not had much of a positive impact on the company’s earnings. The company’s cement sales volume increased seven per cent YoY to 4.8Mt over 3Q17, whilst its stand-alone net profit decreased by 27 per cent in the same period. Operating margins narrowed to 26.2 per cent in September from 32.7 per cent a year ago as the company's powe...

Caribbean Cement limits its risk of rising fuel consumption

01 November 2017, Published under Cement News

Caribbean Cement Company Ltd is now hedging its fuel bill to stabilise its costs. The company started to invest in hedges in the second quarter, amid rising sales and profit at the Rockfort-based operation and has spent US$70.76m on the hedges so far this year. Caribbean Cement entered into forward contracts through its ultimate parent company, Cemex of Mexico, to hedge the price of estimated fuel consumption. The cement producer's fuel and electricity bill remains its main production c...

India: Prism Cement receives part-fuel requirement for 5 years

01 March 2017, Published under Cement News

Prism Cement Ltd has successfully bid for 18,300tpa of coal from South Eastern Coalfields Ltd, a subsidiary of Coal India Ltd, in a recently-held auction of coal linkages for the cement industry, according to a filing to the Bombay Stock Exchange. With the bid, the cement producer has secured part of its fuel requirement for the next five years. The allocation was made at a nominal premium over the floor price.