Cement News tagged under: Trading
Volatile EUA market lead by gas price moves, turning bearish on increased fear of EP election outcome28 June 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The carbon market saw a marked increase at the end of May as the gas market rose sharply in fear of Norwegian production cuts. The carbon price reached EUR78, but has since dropped as Norwegian producers have assured the market of supply. The EUA price fell sharply and in combination with the European Parliamentary elections on 9 June, as several players were afraid of being long in case the election sees a victory for the parties wanting t... |
ECB lowers interest rate while reduced OPEC+ production cuts send oil lower – China discusses ban on >3% sulphur petcoke26 June 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitical risk premiums slowly vanished and need new events to return. Meanwhile, at the start of June, the focus turned towards OPEC and the central banks. The European Central Bank (ECB) delivered its first cut of 0.25 per cent since 2019, giving equities a boost. However, the US Federal Reserve is still seen on hold until at least September. And further cuts from ECB are expected to be ~0.5 per cent more but fully depend on inflation... |
Pakistan's cement export growth unabated in 11MFY23-2420 June 2024, Published under Cement NewsPakistan's cement and clinker exports increased by 40.5 per cent in the 11MFY23-24 (July 2023-May 2024) to US$236.79m, from US$168.58m in the 11MFY22-23, the Pakistan Bureau of Statistics (PBS) data said. In Pakistani rupee terms, export revenue saw a significant growth of 61.1 per cent to PKR67.19bn (US$241.1m) during the period, sustained by the local currency's competitive rates against the US dollar. Export volumes advanced 67.1 per cent over the same period to 6.183Mt from 3.7Mt. Exp... |
MPA responds to government proposals for a UK CBAM13 June 2024, Published under Cement NewsGovernment proposals for a UK carbon border adjustment mechanism (CBAM) have been welcomed by the UK cement industry, but the Mineral Products Association (MPA) and UK Concrete say it has to happen by 2026. A CBAM in the UK is also important to reduce the risk of high-emission cement undercutting domestic production and flooding the UK market. Cement imports already account for 30 per cent of the UK market (3.6Mt) and, according to analysis from the MPA and UK Concrete, have accelerated i... |
Gambia to temporarily allow Senegal imports10 June 2024, Published under Cement NewsGambia’s government has announced a temporary re-opening of its border with Senegal to allow the delivery of cement that has been held up at the border for several weeks, reports Bénin Web TV. The step will help to meet domestic market requirements. Since 16 May 2024, many cement trucks have been help up at the border, causing disruptions in building material supply to Gambia. The Cement Importers and Traders Association urged the government to take measures to enable the entry of cement in... |
Substantial growth in Bangladesh's cement exports during 11MFY2407 June 2024, Published under Cement NewsBangladesh's cement industry has experienced significant export growth during the 1MFY24. The sector recorded a 34.3 per cent YoY increase in cement export revenue, reaching US$16.81m during the 11MFY23-24. This marks a substantial rise from US$12.52m in the corresponding period of the previous year and includes certain salt, stone, and related products. Cement exports also grew by 23.4 per cent YoY, surpassing the target of US$13.62m for the 11MFY23-24. Bangladesh mainly exports cement t... |
Belarus Cement Group to ship 67,000t to Russia29 May 2024, Published under Cement NewsThe Belarus Cement Group plans to ship 67,000t of cement to Russia in May using its own train, according to the Ministry of Architecture and Construction of Belarus. “This month, the BCG has launched a fixed-route train of its own hopper wagons to deliver cement to Russia. The first train was dispatched from the Belarusian Cement Plant (Kostyukovichi, Mogilev Oblast) to Moscow Oblast,” the report says. According to the Ministry of Architecture and Construction, the BCG train has alread... |
Sharp rally in EUA sends the market back into long-term uptrend, consolidation expected27 May 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Independent carbon market news remained scarce while the market followed particularly volatile gas and power prices. Trading was erratic with actions from speculative players in a relatively thin market. The focus is still on how the European Parliament elections will play out, as EU Commission papers for the next period have downplayed the focus on green transition, compared to European security and competitiveness. While April was not the co... |
Venezuelan sanctions reimposed, Russia pauses coal export fee, while petcoke discount remains attractive20 May 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The war premium and geopolitical tensions eased during April and the energy market’s focus has again shifted towards the demand factor in the energy complex. Oil has retraced together with coal and gas. IMF has adjusted up the expected global GDP growth to 3.2 per cent, but both the US Federal Reserve (Fed) and European Central Bank (ECB) have repeated the mantra “higher for longer” due to developing inflation of above two per cent, especially... |
Pakistan's State Bank notes export growth in 1HFY23-2415 May 2024, Published under Cement NewsThe State Bank of Pakistan (SBP) has reported that the country’s cement sector shows significant export growth during the 1HFY23-24. Cement production saw a modest rise of 1.9 per cent during 1HFY23-24, largely attributed to the increased export volume. This was further bolstered by a surge in domestic sales in the last few months. Cement demand in the country’s export destinations, including Afghanistan, Bangladesh, Hong Kong, Germany and Ghana, nearly doubled to 3.7Mt during 1HFY23-24. ... |