Cement News tagged under: Trading

RSS feed

Carbon at new steady high, but European prices turmoil drive new debate of intervention in power markets

25 October 2021, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark As usual, the carbon market set a new all-time high at EUR66 before falling 10 per cent to the current EUR60, five per cent lower than reported in ICR’s previous issue. EUA front-year contract, January 2020-September 2021 A fundamental demand for EUA was seen as several coal-powered plants were put online, driven by higher gas prices. The dark spread was 2x better for coal-fired power production than with gas, setting a true deman...

Pakistan: 3MFY2021-21 exports mixed

19 October 2021, Published under Cement News

Pakistan's Federal Bureau of Statistics (FBS) has released cement and clinker export data for the first quarter (July-September) of FY2021-22. Both value and quantity of exports slid during this period on a cumulative basis compared with the equivalent months in FY20-21, but growth was recorded MoM. Between July-September 2021, Pakistan's cement industry earned US$55.2m of export revenue by dispatching 1.555Mt of cement and clinker overseas, compared to US$72.29m from 2.206Mt of export...

HC Trading Americas opens Miami office and appoints General Director of Trading

18 October 2021, Published under Cement News

HC Trading Americas, LLC has a new office in Miami HC Trading Americas, LLC has recently started its operations in Miami, USA. From this location, North, Central and South America are served for all cement, solid fuels and associated raw materials. Andrew Preston joined the company as of 27 September 2021 as General Director of Trading for Americas and he leads the team in the new office in the Coral Gables area. In his position, Andrew reports directly to Dr ...

CEMBUREAU discusses Europe's future for cement

13 October 2021, Published under Cement News

C EMBUREAU held its 'Cementing Europe's future: Action through policy' webinar on 12 October 2021 . Two panel discussions looked at whether the cement industry was Fit for 55 per cent carbon reduction by 2030 and the carbon-neutral built environment and the role of concrete with in it.  Isidoro Miranda, CEO of Holcim Spain and C EMBUREAU president, opened the meeting stating that the "cement sector was on the move!" He announced that the Green Deal was a starting point race towards 205...

WT to import 50,000t of cement into Jamaica

13 October 2021, Published under Cement News

Jamaica’s Ministry of Industry, Investment and Commerce has granted an import licence to WT Ltd, which trades under the name of Growth Tech Special Projects. The licence enables WT to import 50,000t of OPC  in several shipments from Turkey. WT Ltd is a company founded by Garth Walker, Ryan Reid and Neil Lawrence in 2017. It aims to be the island’s third cement importer. Cement is currently imported by Cemex-owned Caribbean Cement Co and The Buying House Cement Ltd.

Pakistan’s manufacturing costs rise

06 October 2021, Published under Cement News

Coal FOB prices have increased from US$68/t in September 2020 to over US$210/t during September 2021, says the All Pakistan Manufacturing Cement Manufacturers Association (APCMA). Ocean freight from South Africa to Karachi has also increased from US$11/t in September 2020 to US$30/t in September 2021. Pakistani rupee parity to the US dollar has increased from PAK165 to over PAK171/US$ during the same period. A representative of APCMA added that power and energy rates continue to increase,...

Pakistan's local and overseas cement dispatches drop during September

05 October 2021, Published under Cement News

Pakistan's local and export dispatches during September 2021 remained depressed, reports All Pakistan Cement Manufacturers Association (APCMA). Domestic dispatches stood at 4.018Mt and exports reached 0.572Mt compared to 4.095Mt and 1.131Mt in September 2020, respectively. This defines a YoY eduction of 1.9 per cent and 49.5 per cent on local and overseas markets, respectively. At the same time, total cement dispatches declined by 12.2 per cent to 4.589Mt from 5.225Mt during this period. ...

Algeria’s SSCB exported 25,000t of cement in 9M21

01 October 2021, Published under Cement News

Société Saoura Ciment de Béchar (SSCB), part of Algeria-based GICA, exported 25,000t of cement to African countries such as Mali, Niger and Mauritania since the start of the year. Mauritania has accounted for 60 per cent of SSCB’s exports. The shipments are example of the shift in cement trading following the government’s extensive investment in production capacity, turning Algeria from a net importer to a net exporter since 2018. In 2020 cement exports reached 3.6Mt with expectations for...

Lafarge Mauritius and Kolos reduce cement price

30 September 2021, Published under Cement News

After Mauritius-based cement importer Kolos Cement Ltd dropped its retail price for Eco Plus cement from MUR143.84/bag (US$3.37/bag) to MUR135.84, Lafarge Mauritius has announced a decrease in the retail price of two of its products from 1 October 2021. Baobab 6, a 22.5-grade cement, will see its retail price reduced from MUR142.40 to MUR134.60 while Baobab Mazik, a 32.5-grade cement, will be sold at MUR139.80, down from MUR147.90. “This decision was taken after the company and the Commer...

Coal rally continues amid high European gas prices

29 September 2021, Published under Cement News

Since ICR’s most recent energy report , the coal rally continues, driven by high prices for gas and CO2 allowances in Europe. Coal prices for the 4Q22 are currently at US$163/t for API2 and US$159/t for API4 coal.CO2 allowances for December 2021 were valued at EUR60.00. Meanwhile, the price of Brent oil stood at US$75.25/barrel. With the supply of petcoke down after hurricanes, the petcoke illiquid market pushed higher. Petcoke prices for USGC 6.5 per cent reached US$122/t while the price...