Cement News tagged under: coal
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... |
Higher inflation and fear of recession impact energy complex04 August 2022, Published under Cement NewsSince ICR’s most recent energy report , the energy complex is trending lower due to higher inflation and the fear of recession. Higher interest rates are fuelling demand destruction. Russia is offering discounts to non-sanction countries, affecting the price of oil and coal. The price of oil was down sharply following the IEA report on falling demand, combined with the OPEC+ plan to increase production in August. Increased demand for coal in the EU is supporting the price of coal with highe... |
Petcoke discounts higher as coal rises on EU sanctions and petcoke falls as demand-supply eases22 July 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Energy markets are kept between higher prices due to supply distress, including strikes in refineries for higher wages and the impact of sanctions on Russia. In addition, pressure from inflation rates at 40-year highs is leading to higher lending interest rates and a potential recession. This will lead to lower demand in the cement and other sectors. The US Federal Reserve increased rates by 0.5 per cent and more hawkish actions are likely... |
Energy complex moves in range with petcoke discounts increasing08 July 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex has moved in range, awaiting the impact of sanctions on Russia and the risk of an economic slowdown. However, the threat of EU sanctions on Russian oil pushed up oil prices in the range of US$105-120, but prices have since fallen back as high inflation and interest rate increases have sown considerable doubts on growth going forward. Coal has been stabilising after rising demand w... |
New sanctions push the energy complex higher while Russia offers huge discounts to non-sanction markets, keeping petcoke rise in check21 June 2022, Published under Cement NewsBy 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 ... |
Oil prices up while coal and petcoke are stabilising08 June 2022, Published under Cement NewsSince 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... |
Potential new EU sanctions lift oil and coal but China lockdowns dampen demand – sharp drop in petcoke prices30 May 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Another month driven by war in Ukraine, imminent EU sanctions pushing energy prices upwards, and central banks raising interest rates on the back of increased inflation pressures. As a result, analysts are fearing a recession with a potential fall in energy demand. However, the EU sanctions against Russia are starting to hurt European countries. In addition, strict COVID-19 lockdowns in China are also dampening domestic demand. As a result, p... |
Energy complex awaits impact of sanctions on Russia29 April 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex remains in range, awaiting the impact of sanctions on Russia. Oil is down on the release of 240mbl from the Strategic Petroleum (SPR) in the US and EIA countries, ranging between US$95-115. EU sanctions on Russian coal from August 2022 are driving coal higher. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22: expected range US$165-200. Resistance at US$... |
Oil falls after considerable release of reserves, coal rallies after EU sanctions and propels petcoke to new highs25 April 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The markets were still firmly driven by any news from Russia’s war on Ukraine: peace talks will lead to a falling market while new sanctions increase upward pressure. The coal markets were extremely impacted by the EU ban on Russian coal imports from August. However, this will create opportunities for cheaper coal in countries not part of the embargo. The euro testing the lower part of the US$1.07-1.12 range is still also reflecting high... |
Serbian cement industry faces fuel challenge22 April 2022, Published under Cement NewsSerbia’s cement industry is being considerably impacted by the Russia-Ukraine war as the sector depends on high-calorie coal imports from both Russia and Ukraine for more than 50 per cent of its fuel requirement. Moreover, the alternative fuels used by the industry are insufficient to safeguard business continuity, particularly in the currently expanding market. The supply chains from Russia and Ukraine have almost stopped, presenting a serious challenge to the industry, according to Associ... |