Cement News tagged under: Trading

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Pakistan's cement and clinker exports decline

22 February 2022, Published under Cement News

Pakistan's cement and clinker exports have decreased in the  first seven months of the FY21-22.  According to local analysts, historically, when domestic demand is booming, exports take a backseat, and when the domestic market is slowing down, exports contribute a critical share in total sales. It makes more economic sense to sell domestically where prices are more desirable and less competitive. The Indian supply has not been restored to date, and there is no momentum in dispatches to Kabul...

Geopolitical risk drives entire energy complex higher with oil at 8-year peak and coal supporting petcoke prices

19 February 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The euro rose sharply from US$1.1150 to US$1.1450 after the European Central Bank hinted that rate hikes were on the way, based on fear of higher inflation numbers. However, while it is expected to remain in the range of US$1.115-1.1600, volatility could arise depending on the geopolitical outcome after tensions increased when Russian troops amassed near the Ukrainian border, favouring a stronger US dollar. The Turkish lira stabilised be...

Algerian trucker dispute threatens clinker exports

18 February 2022, Published under Cement News

Following the decision of the Algerian authorities to strictly apply the laws of overloading trucks, the transport sector has responded with a call for higher transport rates, a truckers’ strike and road blockages – actions that are threatening the export of clinker from the country. In a statement to the local press, cement producers GICA, Lafarge Algérie, Amouda and Biskria have denounced the persistence of road blockages by protesting carriers. “After negotiations with the transporters ...

Bangladesh export dispatches rise in 7MFY22

09 February 2022, Published under Cement News

Bangladesh’s cement industry has earned export revenue of US$4.66m in the seven months of FY21-22 (July 2021-January 2022), compared to US$4.42m in the year-ago period. This reflects a growth of 5.4 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data. The export value for cement decreased by 0.4 per cent, underperforming compared with the government target set for the period due to an in...

Saudi cement sales fall 6% to 4.9Mt in January

08 February 2022, Published under Cement News

The total sales of 17 Saudi cement producers fell per cent to 4.9Mt in January, compared to 5.2Mt in the same month last year, according to recent data issued by Yamama Cement Co . Locally, 13 market players reported lower sales, led by Northern Region Cement C o with a 60 per cent YoY decline. It was followed by United Cement Industrial Co (down 35 per cent YoY), and Al-Jouf Cement Co , down 24 per cent YoY. On the other hand, four companies recorded higher sales, headed by Y...

Ukraine-Russia tension lifts oil, gas and coal prices while petcoke discounts improve rapidly

04 February 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the geopolitical risk relating to Ukraine-Russia tension has lifted oil, gas and coal prices. The Indonesian exports, which results in taking out 25Mt of coal from the export market. In China prices continue to settle under the maximum level set by the NDRC. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 With coal prices higher again, petcoke is seen stabilising with ...

South African cement imports up 19% in 11M21

01 February 2022, Published under Cement News

Cement imports into South Africa surged to their highest level in 2021 as they reached 161,555t in November despite the government drive to use domestically-produced product and banning imported cement from public sector construction projects. In October 2021 imports were significantly lower at 34,964t, down from 151,452t in the previous month. In the 11M21 imports volumes expanded 18.7 per cent YoY to 1.097Mt with product coming mainly from Vietnam and Pakistan.

Madagascar imports 12,000t of cement

31 January 2022, Published under Cement News

The Madagascan state, through the Ministry of Industrialisation, Trade and Consumption, has imported 12,000t of Lucky Cement at reduced prices. The arrival of the cement should help regulate a market that has now been stable for several months. The cargo arrived in Toamasina, Madagascar, on 17 January and is available at the warehouse of State Procurement of Madagascar (SPM), which is calling on distributors to sell them on to the domestic market. Distributors can purchase the cement at ...

Carbon returns to uptrend following retracement from all-time high in December

27 January 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark   The EUA Dec 21 saw an incredible 200 per cent rise during 2021 from EUR31 to EUR92. More recently, the market saw a sharp retracement down to EUR72 reflecting the energy complex as well as calls for measures against financial speculation. However, as a report concluded that no manipulation had been taking place, the market quickly started its uptrend again. Compliance buying increased as power producers are using more coal as this is the ch...

Oil back to US$80 while Indonesian export ban supports coal – petcoke steady in low December trading

27 January 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The euro was stable between US$1.12-1.14 despite the US Federal Reserve focussing on higher yields in 2022. A range of US$1.12-1.16 can be expected in the next few months, still looking towards US$1.18 later in the year. The Turkish lira collapsed to TRY18.40, before new strict curbs forced it back to TRY10.50. Still under pressure from negative real interest, the lira has softened to TRY13.80. Table 1: Prices at a glance ...