Cement News tagged under: Trading
Carbon prices rise due to increased coal demand – speculators return to the market31 May 2022, Published under Cement NewsBy 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 speculators, which disappeared during March, appear to have returned to the market following the rise in the... |
Bangladesh sees 22% increase in cement export revenue31 May 2022, Published under Cement NewsBangladesh 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 fiscal year (July 2020-July 2021), Bangladesh’s cement industry earned export revenue of US$7.26m, ... |
Potential new EU sanctions lift oil and coal but China lockdowns dampen demand – sharp drop in petcoke prices30 May 2022, Published under Cement NewsBy 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. In addition, strict COVID-19 lockdowns in China are also dampening domestic demand. As a result, p... |
Algerian port exports record clinker levels in 4M2226 May 2022, Published under Cement NewsThe 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 operators and promote exports. The clinker was exported from the port to Germany, France, Great Britain... |
Cementos del Tajo starts rail transport for clinker imports24 May 2022, Published under Cement NewsThe 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 400km with approximately 3000t of clinker to reach a total figure between 75,000-150,000t of clinker mo... |
Pakistan cements export plunges in April and 10MFY2216 May 2022, Published under Cement NewsPakistan'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 Afghanistan and other regional markets have also fallen victim to poor economic conditions. Sri Lanka is sl... |
Pakistan’s cement dispatches decline in April and 9MFY2210 May 2022, Published under Cement NewsPakistan'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 sidelined from the market as they await a positive trigger by IMF revival programme. The total ceme... |
Vietnam exports to dip as China weakens02 May 2022, Published under Cement NewsVietnam’s cement and clinker exports are expected to record an annual drop of 1.5 and two per cent YoY, respectively, to 45Mt in 2022-23, according to VNDirect Securities. This is being blamed on lower demand from China. Vietnam’s cement and clinker exports have surged since China was forced to close many of its factories due to environmental problems and a shortage of power for production in 2017-21. The figure reached 46Mt in 2021, marking a 20 per cent uptick YoY and triple the figure r... |
Energy complex awaits impact of sanctions on Russia29 April 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex remains in range, awaiting the impact of sanctions on Russia. Oil is down on the release of 240mbl from the Strategic Petroleum (SPR) in the US and EIA countries, ranging between US$95-115. EU sanctions on Russian coal from August 2022 are driving coal higher. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22: expected range US$165-200. Resistance at US$... |
EU emissions rose 9% in 2021 with market in range trading – less financial participation26 April 2022, Published under Cement NewsThe EU ETS verified numbers for 2021 showed a 1.333Mta rise compared to 1.233Mta in 2020, which was the first increase since 2017, reflecting a higher use of coal and even diesel in the fuel complex. The higher coal price may reduce the compliance demand, but this depends on the price for gas substitution. The financial participants in the market are down 85 per cent YoY in April 2022 and combined with a lower trading volume, this has set a narrow trading range. The market may see so... |