Cement News tagged under: coal
Indian cement demand likely to rise as rains recede06 December 2021, Published under Cement NewsHeavy rains in Tamil Nadu, Kerala, Andhra Pradesh and parts of Maharashtra dragged down cement volumes across sectors at the start of the peak season for the industry which runs from October until May, but c ement companies expect demand and consumption to pick up from December as the rains fade. "Slowly demand is coming back to normal across all sectors. In a week or so we may even see pent-up demand coming back," said M Ravinder Reddy, director at Bharathi Cement told the Business... |
Petcoke prices fall while coal sees upward movement23 November 2021, Published under Cement NewsFollowing on from ICR’s most recent energy report , the price of Brent oil fell to US$78.50. The API2 1Q22 contract edged up to US$129.00 while the API4 1Q22 price increased to US125.00. Petcoke prices are finally moving down but this is slow based on indexation. The price of 6.5 per cent sulphur petcoke USGC FOB declined from US$154.00 to US$148.00 while the CFR ARA price fell from US$188.00 to US$176.50. Steam coal and petcoke FOB prices - historical view 2005-21 Coal switc... |
Coal sharply lower after Chinese price intervention, petcoke discounts turn negative as petcoke price remains stable19 November 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The euro holding tight US$1.15-1.17 trading range in the wider US$1.15-1.20 range. Table 1: Prices at a glance Crude oil (US$/bbl) 83.25 Coal API2 – 1Q22 (US$) 125.00 API2 – Cal 2022 (US$) 125.00 API4 – 1Q22 (US$) 122.00 API4 – Cal 2022 (US$) 105.00 Petcoke USGC 4.5% 40 HGI ... |
Petcoke market stable, but coal to see return to normality?29 October 2021, Published under Cement NewsFollowing on from ICR’s most recent energy report , the coal rally was at an all-time high but is now experiencing a sharp retracement down due to demand destruction and forecasts of a warmer winter. It remains to be seen whether there are upside risks or whether there will be a correction to return to “normality”. Meanwhile, the petcoke market is steady due to increased demand from India and Turkey, based on discounts. The discount for petcoke FOB 6.5 per cent sulphur when compared with... |
Pakistan’s manufacturing costs rise06 October 2021, Published under Cement NewsCoal 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,... |
Coal rally continues amid high European gas prices29 September 2021, Published under Cement NewsSince 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... |
Coal rallies to 2009 highs – increased demand for petcoke as discounts widening – oil stable17 September 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The euro tested the lower range but remains bound between US$1.17-1.20. Focus on signs of change in the Fed or ECB’s interest policies. Table 1: Prices at a glance Crude oil (US$/bbl) 72.50 Coal API2 – 4Q21 (US$) 163.00 API2 – Cal 2022 (US$) 124.00 API4 – 4Q21 (US$) 156.00 API4 – Cal 2022 (US$) ... |
The increasing trend in coal prices may hit Pakistan’s cement industry17 September 2021, Published under Cement NewsPakistan’s top cement manufacturers termed the growing trend in coal prices detrimental to the county's cement industry. Its negative impact may dent the cement companies' profitability in the second quarter of this year if remedial measures such as an increase in prices of cement bags and relief in other inputs costs are not allowed or eased immediately. The coal prices are hovering around US$170/t this month compared to US$75/t in July last year, reflecting a surge of 127 per cent ... |
Coal handling capacity to increase at Port Qasim13 September 2021, Published under Cement NewsTo coincide with the pace of growth in the cement industry, Pakistan International Bulk Terminal (PIBT) has announced it plans to increase its coal-handling capacity at Port Qasim in Pakistan at a ‘marginal cost’ of up to US$70m over 2-3 years. The increase in demand for imported coal is primarily attributed to economic recovery driven by the relief measures taken by the Government of Pakistan (GOP) to mitigate the effects of COVID-19, which include a favourable package for construction, low... |
Coal rally reaches 2011 highs while petcoke discounts up to 37%27 August 2021, Published under Cement NewsBy Brannvoll Aps, Denmark Following on from ICR’s most recent energy report , the coal rally has now reached levels comparable the highs of 2011, leading to more supply distortions. Petcoke FOB contracts are dragged up close to all-time highs with only a few deals available. Discounts for petcoke FOB (USGC 6.5 per cent, 40 HG/API 4) have increased to 37 per cent. However, freight rates have continued to climb, putting a lid on FOB prices to some extent. Additional context i... |