Cement News tagged under: coal
Petcoke prices stable with lower discounts02 December 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, coal prices are rising due to supply disruptions and a colder winter in Europe. Russian discounts are still in place but reflect the rising costs of Russian producers. Oil is falling on fears of a new Chinese lockdown and demand destruction in the EU leading to lower growth. Steam coal and petcoke prices FOB Petcoke prices are stable as buyers from China and India are on hold, and discounts ... |
Energy complex under interest rate pressure – coal falls sharply on lower demand while petcoke stable and discount neutral25 November 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Leading central banks raised rates again by 0.75 per cent, with promises of more to come as inflation is persistent as sanctions are still keeping energy prices artificially high in Europe. The EU has not agreed on any common measures as these are very hard to introduce in a free market. However, the threat of demand destruction combined with a warm start to the winter has put pressure on the overall energy complex. Gas prices have been fal... |
Energy complex falls on slower economies and EU stock refill11 November 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, the energy complex is falling as higher yields slow economies and EU purchases have slowed following full stocks. Russia’s continued discounts on coal see prices slip with API4 coal now trading at US$238. Oil is stabilising above US$90 after OPEC+ cut supply by 2mbpd. In Europe gas prices have been slipping as reservoirs are being filled and the weather stays warm. Steam coal and petcoke prices FOB... |
Coal and gas lower, while petcoke continues upwards, driven by demand from India and China25 October 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The same geopolitical factors as last month are dominating the energy markets. The persistently-high inflation is driving the agendas of the central banks with higher interest rates, stating they will push even harder despite a looming recession. As industry and citizens save energy due to the high prices, demand in many markets is contracting sharply. Politicians are trying to introduce different measures in the EU to curb prices with wind... |
Petcoke stops fall12 October 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, the energy markets are fearing an upcoming recession due to higher rates to curb inflation. Oil has fallen below US$90 despite OPEC+ decreasing output. Moreover, coal prices are also dropping despite European demand. API4 is currently at US$295. Meanwhile, Russia is offering large discounts, but the market continues to be driven by recession fears. Steam coal & petcoke prices FOB Petcoke pric... |
Oil falling below US$90, coal and gas surge to new highs – petcoke may resume upward curve, but still buyers’ market29 September 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The perfect storm has hit European energy end users, as EU sanctions against Russian energy exports are now backfiring in terms of prices and supply security. The EU is currently working on different packages to curb prices, but this will be extremely challenging if a free and market-based price structure is wanted. At the same time, drought and a reduction in nuclear power generation is adding to the severe supply situation as gas prices have... |
Oil down but coal rising again as gas prices advance02 September 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex is falling, led by oil, more interest hikes and the fear of recession. Oil prices are down due to lower demand expectations and a small increase in output by OPEC+. Meanwhile, the price of coal is rising again, driven by higher gas prices. API 4 coal costs now US$340. Russia continues to offer large discounts to non-sanction countries. High-quality coal is in demand in Europe, Colom... |
Indian cement's fuel strategy alters19 August 2022, Published under Cement NewsWhile the Ukraine-Russian war rages on, the impact on fuel prices can clearly be seen across the globe. Indian cement manufacturers are having to reconsider their strategies for energy consumption and fuel sourcing. Changes in imports have already started to see Indian cement producers seek higher volumes of petcoke imports and cheaper trade routes for thermal coal. Much of the petcoke that Indian cement manufacturers have imported recently has come from Venezuela for the first time, accord... |
Energy markets react to higher interest rates – coal demand surges to all-time high, petcoke now buyers’ market18 August 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation keeps rising and while central banks have started aggressive interest rate hikes to curb it, these may be too late. The IMF has revised global economic growth down, and fear of demand destruction is lowering energy prices. The US Federal Reserve increased its interest rates by 0.75 per cent and the European Central Bank followed through. Further hikes are forecast as inflation moves above nine per cent. The US dollar strengthen... |
Indian producers turn to Venezuela for petcoke supplies17 August 2022, Published under Cement NewsThe surge in global coal prices has prompted Indian cement producers to turn to petcoke instead with the country importing significant volumes from Venezuela for the first time. According to Live Mint, trade data shows that India imported at least four shipments of 160,000t of petcoke from Venezuela, arriving in India between April-June 2022. A further 50,000t cargo is due to reach Mangalore, India, over the coming days and a 30,000t shipment is expected to depart Venezuela for India later t... |