Cement News tagged under: coal

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Venezuelan sanctions reimposed, Russia pauses coal export fee, while petcoke discount remains attractive

20 May 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The war premium and geopolitical tensions eased during April and the energy market’s focus has again shifted towards the demand factor in the energy complex. Oil has retraced together with coal and gas. IMF has adjusted up the expected global GDP growth to 3.2 per cent, but both the US Federal Reserve (Fed) and European Central Bank (ECB) have repeated the mantra “higher for longer” due to developing inflation of above two per cent, especially...

PIBTL handled 5,366,521t of cargo in 9MFY23-24

14 May 2024, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBTL) recently announced its 9MFY23-24 financial statements for 31 March 2024, on the Pakistan Stock Exchange (PSE) website, followed by a detailed report. During the period, the demand for coal imports has revived, primarily due to measures for economic stabilisation undertaken by the government, such as lifting import restrictions, economic stability stimulated by the strengthening of Pakistani rupee against the US dollar, and increased economi...

Petcoke discount remains in cheap zone with good potential

03 May 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Coal moved higher on the back of geopolitical tensions and was supported by oil and gas prices. Petcoke FOB picked up slightly from last month’s price but is trapped in the high US$60s. Discounts increased and petcoke increased from lows at US$62. On FOB and ARA bases, the petcoke discount remains in the cheap zone and offers good potential. The discount on ARA rose to cheap petcoke on increasing API2 and falling petcoke with freight USGC ARA ...

Oil rallies above US$90, coal and petcoke dragged higher as geopolitical tensions increase

26 April 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitics once again dominated the energy complex. Fear of the Gaza conflict spreading towards Lebanon and Iran added a risk premium to oil, driving it above US$90. The US Federal Reserve and the European Central Bank have both claimed that interest rates will not come down before inflation clearly shows movement towards the two per cent benchmark. In combination with high employment and GDP figures, this has lowered prospects for lower i...

OPEC+ agreement and new sanctions support oil, coal rising from support levels and increasing petcoke discount

26 March 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation is still playing a crucial role, as it remains stubborn and both the US Federal Reserve and the European Central Bank are warning the markets that rates will not be cut in the speed expected last year until the two per cent targets are visible. This in combination with lower Chinese activity has rewoken the demand fear and threatened to send oil and other energy commodities lower. However, geopolitical tensions and renewed sanctions...

Pakistan cement industry exhibits record quarterly profit in 2QFY23-24

08 March 2024, Published under Cement News

Pakistan's listed cement sector reported record earnings of PKR22.4bn (US$58.18m), up eight per cent YoY in the 2QFY23-24. This earnings growth is primarily due to higher gross margins and other income. Major contributors to the profitability of the cement sector in the 2QFY23-24 were Lucky Cement (LUCK), followed by Bestway Cement (BWCL) and Fauji Cement (FCCL), according to Topline Pakistan Research, Analysts believe these achievements were made despite a fall in cement dispatches. ...

Mannok’s greater fuel flexibility

04 March 2024, Published under Cement News

As a key step in the decarbonisation of its cement plant operations, Ireland-based Mannok Cement has installed a FUELFLEX® Pyrolyzer combustion system which enables the producer to burn up to 100 per cent alternative fuels in the calciner while reducing its NOx emissions. The next obvious step for Mannok was to upgrade its coal dosing system to reduce the amount of coal going into the preheater to an absolute minimum without sacrificing flexibility. By Peter Norek, FLSmidth, Denmark. ...

FOB and ARA discounts narrow

01 March 2024, Published under Cement News

Coal stabilised on support at a level of around US$90/t, pressured by gas prices but supported by oil. Continued freight issues in the Suez Canal and the Red Sea are supported the price of oil. Petcoke FOB contracts were stable but after buying for the 1Q24 was completed, trade was low. Discounts on FOB contracts remained stable in the neutral zone, but discounts on ARA contracts fell, returning to neutral as the API2 coal price dropped. Petcoke with 6.5 per cent S is expected to continu...

Politics dominates the energy market, oil stabilises but coal drifts lower while petcoke rises on lower freight rates

20 February 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark   The oil price remains subject to a risk premium due to the Israel-Gaza conflict. Providing the situation does not escalate, the market hovers around US$80. Meanwhile, the Ukraine-Russia war is still deadlocked, but the political stage in Europe and potential US election is lurking, making negotiations more likely. In the financial markets both the European Central Bank and the US Federal Reserve have kept rates unchanged and have a two pe...

FOB discounts fall while ARA discounts return to neutral

29 January 2024, Published under Cement News

Coal fell sharply below US$100, due to weak demand and large stocks, on 22 January 2024, while oil hovered around the US$80/bbl mark as freight issues in the Suez Canal and the Red Sea supported oil prices. Petcoke FOB contracts recovered from December lows as demand forecast for 1Q24 and 2Q24 shows an upward trend and discounts were increasing until weaker coal prices emerged. Discounts on FOB contracts declined and ARA discounts returned to neutral from an earlier spell in the cheap zone...