Cement News tagged under: Trading
Pakistan cement dispatches dwindle in July 202203 August 2022, Published under Cement NewsPakistan dispatched a 2.039Mt of cement during July 2022, down 47.7 per cent from 3.899Mt during the same month of the last fiscal year. According to the data released by the APCMA, local cement dispatches by the industry during July 2022 were 1.88Mt compared to 3.44Mt in July 2021, showing a decline of 45.3 per cent. Export dispatches also suffered a massive decrease of 66.1 per cent as the volumes reduced from 452,777t in July 2021 to 153,517t in July 2022. As a result, capacity ut... |
Pakistan to report weaker cement dispatches in July 202201 August 2022, Published under Cement NewsPakistan's two leading research houses, AHL Research and Topline Securities, while taking account of provisional cement data of July 2022, the first month of the FY22-23, depict a considerable decline in local/export sales due to the Eid holidays, monsoon rains across the country, and a fall in land and sea routes dispatches. However, the All Pakistan Cement Manufacturer Association (APCMA) is yet to release official data in the first week of next month. According to a report by AHL Rese... |
Song Lam Cement exports 2.28Mt of cement in 1H2227 July 2022, Published under Cement NewsVietnam-based Song Lam Cement JSC , part of the Vissai Group , exported 2.28Mt of cement in the first half of 2022, according to local media. The Philippines was the largest off-taker of Song Lam cement, importing 713,000t. Other sizeable volumes were bought by China (640,000t) and the USA (628,500t). A further 101,000t was shipped to France and 5000t to Singapore. In terms of production, Song Lam Cement produced 2.53Mt of clinker and 2.84Mt of cement in the 1H22. The company achieved... |
Petcoke discounts higher as coal rises on EU sanctions and petcoke falls as demand-supply eases22 July 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Energy markets are kept between higher prices due to supply distress, including strikes in refineries for higher wages and the impact of sanctions on Russia. In addition, pressure from inflation rates at 40-year highs is leading to higher lending interest rates and a potential recession. This will lead to lower demand in the cement and other sectors. The US Federal Reserve increased rates by 0.5 per cent and more hawkish actions are likely... |
Carbon price in range with new changes to EU-ETS and increased coal demand supporting prices21 July 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices remained as expected inside the uptrend channel of EUR82-95 with high daily volatility. Russian cuts in natural gas deliveries sent gas prices sharply higher, increasing compliance buying for higher coal burn. The EUA has seen new negotiations on the reform to the EU-ETS system all being bullish. The main elements now to be discussed in the European Council are: • increase in the linear reduction factor (LRF) to 4.2 from 2.2 ... |
FY22 ends with mixed export dispatches from Pakistan20 July 2022, Published under Cement NewsThe Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for July 2021-June 2022. Both value and quantity of exports plummeted during this period when compared with the equivalent months in FY20-21, apparently due to local and external issues. Pakistan's cement industry in 12MFY21-22 earned US$223.99m of export revenue by dispatching 5.733Mt of cement and clinker overseas, compared to US$267.91m from 7.815Mt of exports in the year-ago period. The export figures... |
Energy complex moves in range with petcoke discounts increasing08 July 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex has moved in range, awaiting the impact of sanctions on Russia and the risk of an economic slowdown. However, the threat of EU sanctions on Russian oil pushed up oil prices in the range of US$105-120, but prices have since fallen back as high inflation and interest rate increases have sown considerable doubts on growth going forward. Coal has been stabilising after rising demand w... |
Bangladesh exports rise in FY2206 July 2022, Published under Cement NewsBangladesh recorded the highest ever export of commodities, including cement, in FY21-22 (July 2021-June 2022). Bangladesh’s cement industry has earned export revenue of US$9.57m in FY21-22, compared to US$7.26m in the year-ago period. This export trend reflects growth of 31.8 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 increased by 19.6 per cent, sign... |
Kaliningrad construction sector suffers from cement sanctions05 July 2022, Published under Cement NewsThe restrictions of Russian cement and metals transit to the Kaliningrad region is having an impact on construction in the Russian province. Anton Alikhanov, governor of the Kaliningrad region, said the the transit of building materials such as cement is the most critical for the regional economy. "Cement. This is the most challenging for us at the moment. Metals as well. We started experiencing interruptions of cement supplies as early as in spring, because Europeans initiated sanctio... |
PPC calls for SA government action on cement dumping04 July 2022, Published under Cement NewsPPC has urged South Africa’s government to investigate “cement dumping” by countries such as Vietnam. It believes that the survival of the local cement industry may be under threat if the practice is left unchecked. PPC CEO Roland van Wijnen said that the Department of Trade, Industry and Competition should also consider broad import tariffs for cement to avoid new countries dumping cement and filling the void left by countries that have been subject to new dumping tariffs. “There will a... |