Cement News tagged under: energy
Discounts high as petcoke slides02 October 2024, Published under Cement NewsOil prices recovered to US$74.50/bbl from US$70 on 20 September 2024, supported by OPEC+ and the US Federal Reserve’s interest rate cut. Coal fell on lower oil prices while gas remained in the US$105-120 range. Meanwhile, petcoke was under pressure from China’s potential ban and as petcoke slides, discounts are very high. On 20 September 2024 the discount for 6.5 per cent sulphur petcoke FOB sold at US$51 is 62 per cent when compared with API4 coal sold at US$107 in the 4Q24. The CIF ARA ... |
Energy Index driven lower by oil – petcoke below US$60 with high discount offer23 September 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitics still dominate the markets. Financial markets expect the US Federal Reserve to deliver a 0.25 per cent cut in mid-September and a further 0.25 per cent before the US presidential elections. This could be followed by the European Central Bank and seen as the trend for 2025. The focus remains on inflation, which now is falling in both US and EU. Meanwhile, in the Middle East tension has somewhat calmed, however, high levels of tensio... |
Pakistan cement industry challenges ahead27 August 2024, Published under Cement NewsAccording to IMS Research, the industry has shifted toward cost optimisation in the absence of strong growth prospects and rising energy costs. Companies plan to improve their power mix by shifting toward cheaper options (coal), thus depicting sharp earnings in the results ahead. Analysts assumed that domestic demand for cement has been weak in the past three years (average YoY growth of -7.2 per cent) and is anticipated to recover gradually (by two per cent YoY in FY25). However, industr... |
Sudden recession fear sends oil and equity markets lower – petcoke now offering higher discounts20 August 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The major equity market decline at the start of August, initiated by an interest rate increase to 0.25 per cent by the Bank of Japan, and followed by weak US employment numbers, suddenly turned the markets into fear of recession. The US Federal Reserve’s (Fed) indication that it will lower interest rates from September was suddenly seen as negative. It seems the market has forgotten that the Fed’s successful strategy to fight inflation is no l... |
Petcoke-coal discounts slip as coal prices drop but freight prices rise05 August 2024, Published under Cement NewsBy Frank O.Brannvoll, Brannvoll ApS, Denmark Petcoke prices have been slightly under pressure from higher freight prices but remain stable. Following a drop in coal prices, discounts have slipped and are back in the inexpensive end of the neutral zone. On 23 July 2024 the discount for 6.5 per cent sulphur petcoke FOB sold at US$64 is 52 per cent when compared with API4 coal sold at US$106 in the 3Q24. The CIF ARA 6.5 per cent petcoke contract sold at US$89 is at a discount of 34 per cen... |
Oil higher on positive demand forecasts and geopolitical risk while coal and petcoke lower19 July 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Political risk and central banks were key in energy developments in the June-start of July period. The European Central Bank (ECB) and US Federal Reserve (Fed) both restated that interest rate cuts depend on the inflation rate nearing two per cent. The ECB hinted at two more rate cuts and the FED at possibly one. The centre-left election results in the UK and France, along with the European Parliament election results, calmed the market aft... |
ECB lowers interest rate while reduced OPEC+ production cuts send oil lower – China discusses ban on >3% sulphur petcoke26 June 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitical risk premiums slowly vanished and need new events to return. Meanwhile, at the start of June, the focus turned towards OPEC and the central banks. The European Central Bank (ECB) delivered its first cut of 0.25 per cent since 2019, giving equities a boost. However, the US Federal Reserve is still seen on hold until at least September. And further cuts from ECB are expected to be ~0.5 per cent more but fully depend on inflation... |
Advancing carbon neutrality through enhanced WHR24 June 2024, Published under Cement NewsIn addition to reducing power costs, waste heat recovery (WHR) systems can help cement plants to achieve their goal of carbon-neutral cement production. By Exergy, Italy Exergy’s organic Rankine Cycle waste heat recovery installation in Cementi Giovanni Rossi’s cement plant in Pederobba, Italy (© Exergy) I n 2015 the Paris Agreement established a global imperative to mitigate climate change, setting a target of limiting global warming to 1.5°C. Central to achieving this g... |
Khayah Cement highlights energy challenges20 June 2024, Published under Cement NewsKhayah Cement has said high energy costs along with cheap imports are threatening Zimbabwe’s cement producers, reports AllAfrica. According to the company, although power supply has remained relatively stable, power voltage fluctuations continue to affect the smooth running of its cement plant. “The high power costs compared to neighbouring Zambia continue to pose a significant challenge,” said Arnold Chikazhe, company secretary, Khayah Cement. According to Mr Chikazhe, c heaper cement... |
BluPine Energy to supply Dalmia Cement (Bharat)17 June 2024, Published under Cement NewsDalmia Cement (Bharat) Ltd has signed an agreement with BluPine Energy for the supply of green energy through a solar power project in Karnataka, India. The agreement involves a 46.87MWp solar power plant under a captive structure, which is expected to generate approximately 93.75MUs of electricity each year, reducing carbon emissions by more than 85,000tpa. “The solar plant in Karnataka will not only produce clean energy but also foster local economic growth and support environmental ... |