Cement News tagged under: Trading

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EUA prices stay low due to recession fears and political uncertainty in the market

26 October 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark European carbon emissions were up eight per cent in the first three quarters of 2022  when compared to 2021. This is based on the sharp increase in coal- and oil-driven power production. The political debate of repowering the EU and the potential selling of 250m allowances has been hanging over the market. Increased auctions and the lower production seen in several industries, combined with several speculators going short, kept the market...

Coal and gas lower, while petcoke continues upwards, driven by demand from India and China

25 October 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The same geopolitical factors as last month are dominating the energy markets. The persistently-high inflation is driving the agendas of the central banks with higher interest rates, stating they will push even harder despite a looming recession. As industry and citizens save energy due to the high prices, demand in many markets is contracting sharply. Politicians are trying to introduce different measures in the EU to curb prices with wind...

Ghana cement prices rise again

25 October 2022, Published under Cement News

Cement prices is Ghana have risen to over GHC80(US$5.91)/50kg bag of cement on the back of rapid depreciation of the cedi against the dollar. The depreciation has triggered massive inflation, causing the price of cement to increase by up to 10 per cent in a matter of weeks. The increase is expected to push up the cost of construction in the country, leading to a rise in real estate prices, according to YEN. With some of the raw materials used to make cement imported in dollars, Ghanaian pr...

High cost impacts Pakistan cement export in 3MFY22 

24 October 2022, Published under Cement News

According 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 imports

18 October 2022, Published under Cement News

September 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 duty

18 October 2022, Published under Cement News

The 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 fall

12 October 2022, Published under Cement News

By 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 September

11 October 2022, Published under Cement News

Pakistan'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 up

11 October 2022, Published under Cement News

September 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 speculators

30 September 2022, Published under Cement News

By 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...