Cement News tagged under: Trading
Petcoke-coal discount returns to neutral zone28 March 2022, Published under Cement NewsSince ICR’s most recent energy report, Russia’s invasion of Ukraine sent shocks into the energy complex. While oil revisited its all-time high of US$140, it has since fallen to US$115/bbl. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 – Expected range US$175-225. Resistance at US$205, 235 and 250 while support to be found at US$175, 155, 115 and 100. Multi-year support. Meanwhile, coal was driven sharply higher on supply fears from Russia with ... |
Largest fall ever as financial players liquidate positions, or are forced to close – return to compliance levels24 March 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark After reaching EUR98.50, the EUA Dec 22 has fallen to EUR68, representing a 30 per cent drop. This came in reaction to the Russian invasion of Ukraine and the turbulence in all financial markets. As discussed last issue, financial players were taking profit and new margin calls from losses in other markets sent the EUA in a sell mode. Furthermore, rumours indicate that several large Russian trading companies sold EUAs to get cash, having... |
Malaysian raw material costs push up cement prices23 March 2022, Published under Cement NewsThe current cement price in Malaysia has been hiked due to increases in the cost of raw materials, especially coal in the international market, says Sharuddin Omar Hashim, Cement Industries of Malaysia Berhad (CIMA) . Coal prices have escalated by 30-40 per cent of the cost of cement production, which has necessitated the final product price rises. "Coal prices were previously in the range of US$60/t to US$70/t, but have now increased to US$200/t and could possibly reach up to US$400/... |
Russian invasion of Ukraine sends shockwaves into the energy complex with supply fears and sanctions23 March 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Following Russia’s invasion into Ukraine, markets have been experiencing extreme volatility. In less liquid markets, such as petcoke, trade was virtually suspended in the first week after the invasion. Therefore, this report will diverge from its usual format. Table 1: Prices at a glance Crude oil (US$/bbl) 121.00 Coal API2 – 2Q22 (US$) 390.00 API2 – Cal... |
Kenya considers duty increase on imported clinker21 March 2022, Published under Cement NewsThe Kenyan government is considering an increase on duty on imported clinker to rein in trading malpractices. It says some errant cement companies have been abusing the low tax regime of 10 per cent in the region and now wants to take countermeasures to reduce clinker imports. “Some of these cement companies are importing clinker and the same companies are mining clinker and exporting it to neighbouring countries. So we need to come out together to discipline that behaviour because you can... |
Cement producers raise prices in Vietnam18 March 2022, Published under Cement NewsCement manufacturers have raised prices by VND100,000-150,000 (US$4.40-6.60) /t, or by 5.5-8.3 per cent, in Vietnam, claiming production costs have risen. Ha Tien 1 Cement JSC, a subsidiary of the Vietnam National Cement Corporation ( VICEM ), announced a hike of VND100,000/t to VND1,800,000/t for its Vicem Ha Tien brand of packed cement with effect from 23 March. Hoang Long Cement JSC has increased its prices by VND120,000 and Thanh Thang Group Cement JSC has hiked the pri... |
EC agrees on the Carbon Border Adjustment Mechanism (CBAM)17 March 2022, Published under Cement NewsThe European Council (EC) has reached agreement (general approach) on the Carbon Border Adjustment Mechanism (CBAM) regulation, which is one of the key elements of the European Union’s ‘Fit for 55’ package. The main objective of this environmental measure is to avoid carbon leakage. It will also encourage partner countries to establish carbon pricing policies to fight climate change. For that purpose, CBAM targets imports of carbon-intensive products, in full compliance with inter... |
Pakistan's cement/clinker exports observe a mixed trend in 8MFY2217 March 2022, Published under Cement NewsPakistan's cement and clinker exports have observed a mixed trend in the first eight months of FY21-22. During a presentation, Mohsin Naqvi, group director finance of Maple Leaf Group – the parent company of Maple Leaf Cement Co (MLCF), has stated that the company is not foreseeing robust growth in export given higher sea freight charges. Hence, the negative trend was also reflected in cumulative export data. The Pakistan cement industry earned US$179.44m in export revenue by dispat... |
Indonesian cement and clinker exports rise to record levels in 202111 March 2022, Published under Cement NewsIndonesia is rapidly expanding its cement and clinker export activities, with YoY volumes climbing by 25.2 per cent to reach a record 11.610Mt in 2021. By year end, cement exports grew by 46.6 per cent to 1.609Mt, while clinker volumes expanded by 22.3 per cent to 10.001Mt. Bangladesh and the Philippines were major clinker destinations, while cement destinations included Mauritius and the Maldives. |
Egypt sees 151% cement export surge in 202103 March 2022, Published under Cement NewsCement exports from Egypt are up 151 per cent YoY in 2021 to US$456m from US$182m in 2020, according to a recent report by the Export Council for Building Materials, Refractory and Metallurgy Industries. The increase in exports was driven by a higher demand for Egyptian cement, said Medhat Stefanos, chairman of the cement division of the Federation of Egyptian Industries. In addition, domestic producers are focussing on expanding their market to Africa. |