Cement News tagged under: Trading

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UltraTech Cement pays for Russian coal shipment in yuan

30 June 2022, Published under Cement News

UltraTech Cement has reportedly paid for a shipment of Russian coal in Chinese yuan, raising questions over whether this will now become the norm. The cement producer is importing 157,000t of coal from Russian company SUEK at a value of CNY172.65m (US$25.8m). The coal was loaded onto the bulk carrier MV Mangas in the Russian port of Vanino and is currently at anchor near the port of Kandla, reports The Hindu. The news is being described by one Singapore-based trader as "significant" as it...

Lafarge Cement Zimbabwe to increase exports

24 June 2022, Published under Cement News

Lafarge Cement Zimbabwe made its first exports to Malawi and is expecting to build on the shipment to increase exports from Zimbabwe. “Because of our significant capacity, which is first of all oversized for the domestic market, growing demand in the region for this type of products, we are looking at, especially, (export) markets like Zambia and Malawi,” said CEO Geoffrey Ndugwa. “We just made our first exports to Malawi a few weeks ago, so we are feeling pretty good about the trend,” h...

CEMBUREAU asks for speedy CBAM implementation

23 June 2022, Published under Cement News

The European cement association CEMBUREAU has welcomed the adoption of the European Parliament reports on the EU Emission Trading Scheme (ETS) and the EU Carbon Border Adjustment Mechanism (CBAM) but states that timely implementation of CBAM is key to support the sector’s transition to carbon neutrality. "Our sector needs a coherent and predictable regulatory framework to deliver on its carbon neutrality ambitions. The texts adopted today offer significant improvements on key issues – suc...

Price in uptrend, volatile carbon market driven by political statements of changes to EU-ETS

22 June 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices traded inside their uptrend channel within EUR82-95 with high volatility. As the Clean Dark Spread still offers best value, more coal is being used and more EUAs are bought for compliance. The EUA has been influenced by new statements for reform to the EU-ETS system and a bullish increase of the targets for emission reductions, which conflicts with the proposed auction of 250m EUAs to fund the required REPowerEU Plan – which s...

New sanctions push the energy complex higher while Russia offers huge discounts to non-sanction markets, keeping petcoke rise in check

21 June 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark New EU oil sanctions against Russia have again moved the energy complex higher, particularly oil and coal, as the EU now has to find new suppliers, leading to increased costs for end users. Moreover, the inflationary fall-out from the Ukraine-Russia war is now seen in all economies. The US Federal Reserve has turned to sharp rate increases and the European Central Bank (ECB) is now expected to start raising rates up to 125bp for the end ...

Cement exports from Pakistan show a mixed trend

21 June 2022, Published under Cement News

Pakistan's cement exports continued to report mixed trends in the export of cement and clinker cumulative basis for 11 months and in May alone of FY22, according to the Pakistan Bureau of Statistics. AKD Research has attributed this mixed trend to low export prices and increasing coal prices, which have made exports unattractive. Pakistan's cement and clinker exports in the first 11 months of FY21-22 (July 2021 to May 2022) earned US$211.19m in revenue by dispatching 5.465Mt cement and cl...

DG Khan set for US exports

15 June 2022, Published under Cement News

Pakistan-based DG Khan Cement Co will be exporting 50,000t of cement to the USA for the first time. “A ship, Tomini Felicity, is presently loading cement at KPT in 1.5t jumbo bags destined for Houston, Texas USA,” Fareed Fazal, DG Khan director, said. The shipment is part of a contract that will see the cement producer export 100,000tpd to Texas after concluding a deal in August 2021, when Mr Fazal visited the US. Following the deal, there was a 10-month process to obtain the necessary ce...

Cembureau calls MEPs to secure a timely ETS and CBAM agreement

10 June 2022, Published under Cement News

C EMBUREAU (European Cement Association) expressed its disappointment at the European Parliament plenary votes on the EU Emission Trading Scheme (ETS) and the EU Carbon Border Adjustment Mechanism (CBAM). “The EU cement industry needs a strong CBAM to support our decarbonisation efforts and fight carbon leakage. Both draft European Parliament texts on ETS and CBAM contain significant improvements on some key issues – such as CBAM’s watertightness or industrial innovation, which are essen...

Oil prices up while coal and petcoke are stabilising

08 June 2022, Published under Cement News

Since ICR’s most recent energy report , the energy complex is awaiting the impact of sanctions on Russia and the risk of an economic slowdown. Oil prices increased to US$100-115 on the back of the EU’s potential sanctions on Russian oil. Coal is stabilising after rising on demand before the sanctions in August with Russia offering a discount. High-sulphur petcoke (6.5%) 40HGI FOB USGC – historical view 2007-22 Meanwhile, petcoke stabilised on a high discount on current le...

High cost of manufacturing influences cement dispatches in May 2022

08 June 2022, Published under Cement News

Topline Securities has stated that Pakistan’s cement sales were affected in May 2022 mainly due to the Eid holidays and economic slowdown. The attrition in exports is on the back of disruption in the global supply chain, resulting in higher sea freight charges. The All Pakistan Cement Manufacturers Association (APCMA) remarked that the continuous downfall of the rupee coupled with the skyrocketing prices of coal, electricity and petroleum products is badly affecting the business momentum. ...