Cement News tagged under: Trading
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... |
Oil falls after considerable release of reserves, coal rallies after EU sanctions and propels petcoke to new highs25 April 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The markets were still firmly driven by any news from Russia’s war on Ukraine: peace talks will lead to a falling market while new sanctions increase upward pressure. The coal markets were extremely impacted by the EU ban on Russian coal imports from August. However, this will create opportunities for cheaper coal in countries not part of the embargo. The euro testing the lower part of the US$1.07-1.12 range is still also reflecting high... |
Pakistan cement dispatches and exports slow in 9MFY2221 April 2022, Published under Cement NewsPakistan’s cement dispatches have slowed amid rising construction costs, a lower development budget and higher freight costs with 9MFY22 dispatches down six per cent, says Topline Securities. Topline analysts report that political noise, economic slowdown and rising cement bag costs could further affect dispatches going ahead. Along with the lower dispatches, rising coal cost is another key concern for the sector as global supply chain disruption, and the Russia-Ukraine war has kept t... |
Tajikistan to increase cement exports to 2Mt by 202419 April 2022, Published under Cement NewsTajikistan plans to increase cement exports to 2Mt by 2024, with an annual growth of 200,000t, according to the latest forecast of key macroeconomic indicators for the country. Cement production is projected to increase to 7Mt by 2024, reports Trend. Currently cement capacity in Tajikistan reaches approximately 7.7Mta, according to The Global Cement Report, 14th Edition. |
Titan to commission new Roanoke terminal upgrade in 202313 April 2022, Published under Cement NewsTitan America expects to complete work on its new 70,000t dome with truck and rail load-out infrastructure at its Roanoke Cement Co import terminal in Chesapeake (VA) in 2023. The US$37m upgrade will see present bulk storage capacity triple and equip the terminal to import and distribute fly ash, slag and aggregates throughout the Mid-Atlantic market. The company also is carrying out a similar project in Tampa (FL). “The major expansion and modernisation of these two marine terminals is ... |
Lafarge Algeria exports 0.9Mt in 1Q2201 April 2022, Published under Cement NewsHolcim -owned Lafarge Algérie has exported nearly 0.9Mta of cement and clinker in the first quarter of 2022. The volume represents an 87 per cent rise when compared with the 1Q21, when 482,000t of products were exported. A considerable volume of clinker as well as white and grey cements were exported from Oran, Mostaganem, Jijele, Annaba and Skikda. This includes 30,000t of white cement, shipped from the port of Oran to Mexico and Guatemala. In addition, Lafarge Algérie also delivered 3... |
Uzbek Commodity Exchanges trades 0.944Mt of cement in 2M2201 April 2022, Published under Cement NewsIn the January-February 2022 period, Uzbekistan’s Commodity Exchange has traded 943,500t of cement, of which 864,300t, or 91.6 per cent, were sold at an average price of UZS546,700/t. The average monthly sales volume reached 432,200t. Around 32 per cent of the volumes sold was PC II A-K (P-I) 32.5N cement, followed by PC/A-I 32.5N cement, which accounted for 16 per cent of cement sold. Smaller shares sold were PTS M-400 D-20 cement (12 per cent share), Portland cement (10 per cent) an PTS ... |