Cement News tagged under: Trading
Pakistan cement earns US$117.69m during the 8MFY22-2321 March 2023, Published under Cement NewsPakistan's cement industry constantly saw a negative to mixed export revenue trend in the 8MFY22-23 (July 2022-February 2023), according to the country’s Federal Bureau of Statistics (FBS). The country's political and continued economic uncertainty, high business costs and cooling world economy have impacted overseas and local dispatches. Overall, a delay in loan disbursement also hurt the sentiments of cement and other industries. BMA Capital Management Ltd adds that it has been a challengi... |
ECDE exports 0.35Mt of clinker from Algeria17 March 2023, Published under Cement NewsAlgeria-based ECDE , part of the GICA group, has exported since the start of the year close to 350,000t of clinker from Algeria, according to ECDE CEO, Kada Dinar. GICA’s Chlef plant has three production lines with a total capacity of 4.2Mta. Shipments were delivered to countries in Europe, Africa and Latin America from the two ports of Tenès (Chlef) and Oran. This year, the company targets 2Mt of clinker exports, up from 1.5Mt of clinker last year. In addition the clinker exports, the ... |
Nepal exports 153,493t of cement to India in 7MFY22-2313 March 2023, Published under Cement NewsIn the 7MFY22-23 Nepal exported cement and clinker worth NPR167.03m (US$1.273m), reports Khabarhub. According to Nepal’s Department of Customs, over the seven-month period, 153,493t of cement were exported, with a value of NPR60.66m. Clinker exports came in at 151,158t, worth NPR106.38m. According to the government, two Nepali cement companies have been exporting product to India. These include Palpa Cement , which has been exporting cement under the ‘Tansen’ brand since July 2022, an... |
Bangladesh reports 50% increase in cement export revenue09 March 2023, Published under Cement NewsBangladesh has reported 49.7 per cent YoY growth in cement export revenue to US$8.13m in the 8MFY22-23 (July 2022-February 2023). This compares to US$5.43m in the same period a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure also includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries. For the full FY22-23, ending 31 June 2023, Bangladesh has set an cement export revenue target o... |
Very low petcoke discounts may lead to switch to coal08 March 2023, Published under Cement NewsThe price of a barrel of oil has returned to the lower end of the US$80-88 range. Gas prices were also down on the back of warm weather forecasts and the Turkey-Syria earthquakes, which are cooling demand. Coal prices continue to slip lower, along with other sources in the energy complex, as the fear of recession persists. The stable price of petcoke and very low discounts are expected to lead to fuel switches towards coal. The 6.5 per cent S petcoke FOB contract sold at US$137 while t... |
APCMA releases mixed dispatches data for Feb 202307 March 2023, Published under Cement NewsPakistan’s local cement dispatches fall and exports rise in February. Commenting on the trend of dispatches, a spokesman of the All Pakistan Cement Manufacturers Association (APCMA) emphasised that the economic situation in the country is becoming more and more complicated with each passing day: "We are facing serious operational problems and need a timely supply of spare parts and consumable items to ensure the stable operation of plants." He urged the government to develop practically appl... |
Compliance buying in volatile markets sees EUA revisit highs02 March 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark January and the start of February saw the return of compliance buying of EUAs with some market speculators believing the latest changes will support the EU ETS to remain strong within the EU green deal. The volatility of EUA prices has seen dramatic moves between EUR75 and back to highs at EUR97 without any specific news other than changing weather conditions and a relatively thin market. EUA front-year contract, September 2021-Jan... |
Oil in narrow range while coal continues lower – petcoke pressured lower as discounts fall sharply28 February 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The markets are still dominated by hawkish statements from central banks due to the stubbornly high inflation both in the USA and Europe. Expectations see rates climb still higher and for a longer period. However, the good news is that a recession may be avoided. In the energy markets, the G7 round of new sanctions on Russian refined products do not seem to have had any major impact. The markets are locked between the China reopening and th... |
Oil and coal are falling, petcoke climbs higher23 February 2023, Published under Cement NewsBy 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 of a recession continuing albeit to a lesser degree. The IMF has adjusted global growth up by 0.2 per... |
Pakistan cement industry's exports fall in 7MFY22-2321 February 2023, Published under Cement NewsPakistan’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 per cent in value, and volumes were down by 52.2 per cent. In local currency terms, export sales rece... |