Cement News tagged under: energy

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Energy complex awaits impact of sanctions on Russia

29 April 2022, Published under Cement News

By 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 highs

25 April 2022, Published under Cement News

By 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...

Petcoke-coal discount returns to neutral zone

28 March 2022, Published under Cement News

Since ICR’s most recent energy report, Russia’s invasion of Ukraine sent shocks into the energy complex. While oil revisited its all-time high of US$140, it has since fallen to US$115/bbl. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 – Expected range US$175-225. Resistance at US$205, 235 and 250 while support to be found at US$175, 155, 115 and 100. Multi-year support. Meanwhile, coal was driven sharply higher on supply fears from Russia with ...

Russian invasion of Ukraine sends shockwaves into the energy complex with supply fears and sanctions

23 March 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark    Following Russia’s invasion into Ukraine, markets have been experiencing extreme volatility. In less liquid markets, such as petcoke, trade was virtually suspended in the first week after the invasion. Therefore, this report will diverge from its usual format. Table 1: Prices at a glance Crude oil (US$/bbl) 121.00 Coal API2 – 2Q22 (US$) 390.00 API2 – Cal...

FYM-HeidelbergCement temporarily shuts down Málaga clinker production

18 March 2022, Published under Cement News

The FYM - HeidelbergCement Group cement plant in Málaga, of which the sale to Votorantim Cimentos is being finalised, will stop its clinker production until the end of March. The company said the step was necessary due to the “unhealthy costs of electricity that tax the cost of production since the beginning of the Russian invasion of Ukraine." The CEO of FYM-HeidelbergCement Group, Jesús Ortiz, attributes the high cost of electricity in Spain to the “marginal pricing” used for charging...

High energy prices shut down Cementos Portland Valderrivas kilns

11 March 2022, Published under Cement News

Spain-based Cementos Portland Valderrivas has shut down all kilns at its seven main plants (Morata de Tajuña, Monjos, Vallcarca, Alcalá de Guadaira, Venta de Baños, Mataporquera and Olazagutía), according to CE Noticias Financieras.The company attributes the temporary shutdown to the high price of electricity, which was further aggravated by the Russian invasion into Ukraine. Cementos Portland Valderrivas has informed its workers that it will not restart activity at the plants until the ...

Energy complex sees uplift on Ukraine-Russia conflict, but discounts are stable

24 February 2022, Published under Cement News

Since ICR’s most recent energy report , Russia’s recognition of the Donbas region in Ukraine and military move into it are lifting the energy complex. As no war has broken out at the time of writing, medium effects depend on political sanctions and the respect of borders. In the short term, oil is close to US$100. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 As coal pushes higher, petcoke prices are increasing. Discounts are stable in neutral zones. Th...

Geopolitical risk drives entire energy complex higher with oil at 8-year peak and coal supporting petcoke prices

19 February 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The euro rose sharply from US$1.1150 to US$1.1450 after the European Central Bank hinted that rate hikes were on the way, based on fear of higher inflation numbers. However, while it is expected to remain in the range of US$1.115-1.1600, volatility could arise depending on the geopolitical outcome after tensions increased when Russian troops amassed near the Ukrainian border, favouring a stronger US dollar. The Turkish lira stabilised be...

Holcim-ENGIE-INSA Lyon form partnership for energy storage solution

07 February 2022, Published under Cement News

Holcim is developing a breakthrough energy storage technology together with INSA Lyon and ENGIE's Corporate Research Center, ENGIE Lab CRIGEN, to serve as an alternative to batteries . The solution is based on cement hydration, storing heat as energy and releasing it when needed in an infinitely repeatable cycle. This next-generation approach offers an alternative to conventional batteries that is local, safe, affordable and recyclable, claims Holcim. Edelio Bermejo, head of global...

Ukraine-Russia tension lifts oil, gas and coal prices while petcoke discounts improve rapidly

04 February 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the geopolitical risk relating to Ukraine-Russia tension has lifted oil, gas and coal prices. The Indonesian exports, which results in taking out 25Mt of coal from the export market. In China prices continue to settle under the maximum level set by the NDRC. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 With coal prices higher again, petcoke is seen stabilising with ...