Cement News tagged under: Trading
Pakistan cement records dismal performance in December06 January 2022, Published under Cement NewsAccording to the data released by the All Pakistan Cement Manufacturers Association (APCMA), total cement dispatches declined by 4.2 per cent in December 2021 to 4.59Mt from 4.79Mt dispatched during the same month last fiscal year. AKD Research referred to this dismal performance to seasonality but expressed hope that the local demand remains vital for FY22 as economic activity continues to pick up where the private sector is expected to provide significant support to demand. Out ... |
Coal stabilising while petcoke continues lower30 December 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the price of coal has stabilised and started to move higher after sharp falls in November. China is still keeping a lid on prices, but as prices of gas in Europe are moving higher, new use of coal is dragged up. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2005-21 Meanwhile, petcoke continues lower but is slow based on indexation. Discounts are back, increasing the demand f... |
Belarusian commodity exchange sees 64% rise in cement exports30 December 2021, Published under Cement NewsThe Belarusian Universal Commodity Exchange (BUCE) saw a 64 per cent YoY increase in cement export transactions in January-December 2021 to US$15.2m, according to the exchange’s press service. Two transactions were carried out on 28 December to supply 6000t and 39,000t of Belarusian Portland cement with a total value of US$2.7m to Poland. In 2021, 74 per cent of the country’s cement exports were sold through BUCE to the Russian Federation, with 10-12 Russian companies regularly participa... |
Egypt sees exports up 180% in 10 months24 December 2021, Published under Cement NewsCement exports from Egypt in the first 10 months of 2021 have increased 180 percent to US$397m when compared with US$142m in the 10M20, according to the Export Council for Building Materials, Refractories and Metal Industries. The country exported cement to 79 countries, including 25 new destinations. Five countries accounted for 60 per cent of exports, led by Côte d’Ivoire, and followed by Libya, Ghana, Sudan and Kenya. Other countries included Cameroon, Togo, Spain, Guinea, Mauritania, L... |
Vietnamese clinker exports fall, cement exports advance in November24 December 2021, Published under Cement NewsClinker exports from Vietnam saw a nine per cent drop in November 2021 to 2,854,949t when compared with November 2020, according to the Vietnamese cement association, VNCA. Cement exports increased by five per cent YoY to 1,739,582t in November 2021 when compared with November 2020. Total exports saw a 46 per cent YoY leap to 4,594,531t in November 2021. January-November 2021 Total exports from Vietnam in the 11M21 advanced 23 per cent YoY to 42.334Mt. Of this total, clinker exports reach... |
Argos set to commission new terminal23 December 2021, Published under Cement NewsArgos has invested close to US$42m for the construction of a new terminal in the free trade zone of Cartagena, Colombia. As such, it is expanding its port infrastructure and the movement of cement, clinker and other raw materials to 3.5Mta, which will triple its capacity to receive and export products. The new terminal is expected to begin operations in the first quarter of 2022. "We are extremely proud to materialise this ambitious project to expand our export capacity from Colombia and t... |
CARBON: New records – now targeting €100 following increased physical and financial demand21 December 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Before its expiry day, the EUA December 2021 contract reached a stunning EUR91.50 all-time high, less than 10 per cent from EUR100, a number only joked about three months ago. An increased demand due to coal being by far the cheapest fossil fuel and speculators pouring in, as mentioned in previous reports, cut through resistance points at EUR75 and EUR80. Speculators have been looking towards EUR80-100 and a 10 per cent profit taking too... |
UltraTech Cement begins operations at Navi Mumbai terminal20 December 2021, Published under Cement NewsIndia’s UltraTech Cement has begun operations at its bulk terminal in Kalamboli, Navi Mumbai. As the company’s 7th bulk terminal, it has a 1.2Mta capacity and is expected to strengthen its bulk cement sales in the region. Cement will be brought in bulk rakes to this terminal from UltraTech’s manufacturing units at Solapur, Maharashtra, and Malkhed, Karnataka. This will effectively help in reducing the freight cost, with an increase in the usage of rail transportation. |
Tokyo Cement commissions new terminal capacity20 December 2021, Published under Cement NewsSri Lanka’s Tokyo Cement has commissioned operations at its expanded Colombo terminal, following a LKR2.5bn (US$12.35m) investment. The capacity upgrade will fully come online when all three new cement storage silos, each with a capacity of 6000t, become operational, according to Daily News. The expansion will increase the company’s total bulk cement imports from 600,000tpa to over 1Mta. |
After sharp falls in oil and coal, Omicron fears fading – petcoke down but with coal slowly higher, discounts return to positive17 December 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The euro broke lower due to hawkish talk from the US Federal Reserve of higher yields in 2022. There is a range of US$1.12-1.16 expected in 2022, but the euro is likely move towards US$1.18. The Turkish lira saw a 47 per cent collapse from TRY9.75 to TRY14.40 in four weeks due to the new policy of negative real rates, making fuels substantially more expensive for Turkish cement makers. Table 1: Prices at a glance ... |