Cement News tagged under: Trading
Pakistan cement dispatches and exports slow in 9MFY2221 April 2022, Published under Cement NewsPakistan’s cement dispatches have slowed amid rising construction costs, a lower development budget and higher freight costs with 9MFY22 dispatches down six per cent, says Topline Securities. Topline analysts report that political noise, economic slowdown and rising cement bag costs could further affect dispatches going ahead. Along with the lower dispatches, rising coal cost is another key concern for the sector as global supply chain disruption, and the Russia-Ukraine war has kept t... |
Tajikistan to increase cement exports to 2Mt by 202419 April 2022, Published under Cement NewsTajikistan plans to increase cement exports to 2Mt by 2024, with an annual growth of 200,000t, according to the latest forecast of key macroeconomic indicators for the country. Cement production is projected to increase to 7Mt by 2024, reports Trend. Currently cement capacity in Tajikistan reaches approximately 7.7Mta, according to The Global Cement Report, 14th Edition. |
Titan to commission new Roanoke terminal upgrade in 202313 April 2022, Published under Cement NewsTitan America expects to complete work on its new 70,000t dome with truck and rail load-out infrastructure at its Roanoke Cement Co import terminal in Chesapeake (VA) in 2023. The US$37m upgrade will see present bulk storage capacity triple and equip the terminal to import and distribute fly ash, slag and aggregates throughout the Mid-Atlantic market. The company also is carrying out a similar project in Tampa (FL). “The major expansion and modernisation of these two marine terminals is ... |
Lafarge Algeria exports 0.9Mt in 1Q2201 April 2022, Published under Cement NewsHolcim -owned Lafarge Algérie has exported nearly 0.9Mta of cement and clinker in the first quarter of 2022. The volume represents an 87 per cent rise when compared with the 1Q21, when 482,000t of products were exported. A considerable volume of clinker as well as white and grey cements were exported from Oran, Mostaganem, Jijele, Annaba and Skikda. This includes 30,000t of white cement, shipped from the port of Oran to Mexico and Guatemala. In addition, Lafarge Algérie also delivered 3... |
Uzbek Commodity Exchanges trades 0.944Mt of cement in 2M2201 April 2022, Published under Cement NewsIn the January-February 2022 period, Uzbekistan’s Commodity Exchange has traded 943,500t of cement, of which 864,300t, or 91.6 per cent, were sold at an average price of UZS546,700/t. The average monthly sales volume reached 432,200t. Around 32 per cent of the volumes sold was PC II A-K (P-I) 32.5N cement, followed by PC/A-I 32.5N cement, which accounted for 16 per cent of cement sold. Smaller shares sold were PTS M-400 D-20 cement (12 per cent share), Portland cement (10 per cent) an PTS ... |
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... |