Cement News tagged under: Trading
High cost impacts Pakistan cement export in 3MFY2224 October 2022, Published under Cement NewsAccording to Intermarket Securities Ltd, in 1QFY22-23 (July-September 2022) overall cement industry utilisation stood at 56 per cent, compared to 72 per cent in the same period last year. The fall in capacity utilisation was also partially reflected in exports. The overall increase in manufacturing cost has discouraged cement companies in the South from exporting cement/clinker at current prices, which have not moved in tandem with cost. In addition, higher international coal prices coupled ... |
Limestone and cement top Port of Green Bay's imports18 October 2022, Published under Cement NewsSeptember saw 190,083t of cargo shipped through the Port of Green Bay, Wisconsin, USA, bringing the total cargo shipments to 1.3Mt for the 2022 shipping season. Limestone and cement were again the top cargos moving through the port in September with 72,453t of domestic limestone imported and 45,936t of cement imported. At 1,303,956t of goods shipped through the end of September, total cargo is down about five per cent from a year ago. In addition to limestone and cement, key September... |
Philippines producers lose appeal to extend import duty18 October 2022, Published under Cement NewsThe Tariff Commission (TC) in the Philippines has declined an appeal by local cement producers to extend the customs duty on imported cement. According to the Manila Bulletin, the three-year customs duty designed to safeguard the local industry from imports is due to expire in October 2022. Although the Cement Manufacturers Association of the Philippines (CeMAP) lodged a request with the TC to extend the tariff, the request was denied as the TC found that there was “no imminent threat” from ... |
Petcoke stops fall12 October 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, the energy markets are fearing an upcoming recession due to higher rates to curb inflation. Oil has fallen below US$90 despite OPEC+ decreasing output. Moreover, coal prices are also dropping despite European demand. API4 is currently at US$295. Meanwhile, Russia is offering large discounts, but the market continues to be driven by recession fears. Steam coal & petcoke prices FOB Petcoke pric... |
Local Pakistan and export dispatches fall during September11 October 2022, Published under Cement NewsPakistan's cement industry has recorded a YoY fall of 6.83 per cent in dispatches during September 2022, with total cement dispatches (local and exports) shrinking to 4.276Mt from 4.589Mt in the same month of last fiscal year, says data released by the All Pakistan Cement Manufacturers Association (APCMA). The breakdown shows that local dispatches slid by 5.33 per cent to 3.80Mt from 4.01m, while exports declined by 17.35 per cent to 472,437t from 571,613t. Giving reasons for the negati... |
Indian cement prices on the up11 October 2022, Published under Cement NewsSeptember 2022 saw the all-India average cement price go up by INR6/50kg bag (US$0.07), or 1.7 per cent, compared to the previous month. The highest price increase was seen in the east of the country where prices advanced by 6.6 per cent, followed by a 1.9 per cent rise in the south, 1.3 per cent increase in the west, and a flat-to-marginal decline in north and central India, according to India Infoline News Service. The price rises follow four consecutive months of price cuts. Further pr... |
Sharp falls testing support - increased auctions combine with an exodus of speculators30 September 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark After reaching a new all-time high of EUR99.40 just below the magic EUR100, the carbon market has lost 33 per cent, falling to EUR66. Speculators have left the market due to fear of potential intervention as EU member states have looked at capping carbon or suspending the market. Furthermore, traders have closed positions to pay for margin calls in the power and gas markets. Fundamentally auctions are now offering 42m EUAs, up from 20m EUA... |
Russian cement producers ask for import duties30 September 2022, Published under Cement NewsThe strengthening of the ruble has made imports of cement from Iran, Kazakhstan and Belarus more profitable, according to Esmerk Russian News. As a result, total imports of cement into Russia could increase to 7Mta, forcing domestic producers to reduce capacity and mothball plants. Therefore, they have asked for protective measures such as import duties to be established. |
Oil falling below US$90, coal and gas surge to new highs – petcoke may resume upward curve, but still buyers’ market29 September 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The perfect storm has hit European energy end users, as EU sanctions against Russian energy exports are now backfiring in terms of prices and supply security. The EU is currently working on different packages to curb prices, but this will be extremely challenging if a free and market-based price structure is wanted. At the same time, drought and a reduction in nuclear power generation is adding to the severe supply situation as gas prices have... |
Tajikistan leading cement importer in Uzbekistan29 September 2022, Published under Cement NewsThe State Committee of Uzbekistan on Statistics said the country receives the largest part of its cement imports from Tajikistan, which exported in the 8M22 approximately 625,000t of cement into Uzbekistan. Tajikistan produced 2.9Mt of cement in the January-August 2022 period. Other key importers include Kyrgyzstan and Kazakstan, which exported 458,000t and 409,000t, respectively to Uzbekistan. |