Cement News tagged under: fuel price
Landed petcoke prices could increase by 6% in India11 April 2018, Published under Cement NewsIn India the landed cost of petcoke could increase by 5.6 per cent as a result of the import duty hike, reports Nirmal Bang Institutional Equities. The import duty on the fuel was raised in December 2017, increasing from 2.5 to 10 per cent. The price of petcoke imported from the US reached a multi-year high of US$117/t in March 2018 and is expected to rise further. The increased prices may not significantly change the demand for petcoke, since alternatives are equally expensive. Howeve... |
Pakistani cement demand set to rise 47% in next five years05 January 2017, Published under Cement NewsDomestic cement consumption in Pakistan is predicted to rise at an average annual rate of eight per cent over the next five years, an increase of nearly 47 per cent in total. Analysts point to the development of the China-Pakistan Economic Corridor (CPEC), higher government spending in the pre-election period and an increase in private sector construction activity as the main drivers of this growth. In FY2016, overall cement dispatches rose 10 per cent YoY to 38.8Mt, with local sales r... |
UAE: Arkan cutting energy usage in response to price rises04 January 2017, Published under Cement NewsEmirati building materials firm Arkan, which operates the Al Ain and Emirates cement factories, has announced a series of energy saving measures in response to rising prices for electricity, water and natural gas, Trade Arabia reports. The initiatives include the installation of a waste heat recovery unit on the clinker cooler at the Al Ain cement factory. Arkan is also conducting a feasibility study on the construction of a captive coal-fired power plant for the facility. As an interi... |
India: fuel cost rise puts squeeze on margins21 December 2016, Published under Cement NewsThe rising cost of coal and petcoke have put pressure on cement producers even as the impact of demonetisation is depressing demand and bringing down prices, the Business Standard reports. Cement prices in southern India have fallen by INR30 to about INR300 (US$4.42) a bag, while prices in the west are lower still, having slipped to INR245. Analysts believe that demand will fall by 15-20 per cent in December. Meanwhile, petcoke imports have increased in price from US$72.13/t in July to... |
India: falling demand and rising petcoke prices threaten profits08 December 2016, Published under Cement NewsThe Economic Times reports that petcoke prices – which have risen by over 36 per cent since the start of the year – are likely to put a squeeze on cement company profits. This comes on top of the disastrous impact that the withdrawal of higher denomination rupee notes has had on the economy. The Reserve Bank of India’s failure to provide enough new-style notes has had a profound and negative effect in a country where 98 per cent of all transactions are carried out via cash. An analyst ... |
Tanzania: rising costs bring Dangote plant to a standstill30 November 2016, Published under Cement NewsProduction at Dangote’s Mtwara plant in Tanzania was brought to a halt last week as the company has found itself embroiled in a political battle over the payment of incentives by the Tanzanian government, the Citizen newspaper reports. The 3Mta plant was commissioned in October 2015 and Dangote has claimed to have made ‘strong market share gains’ according to its trading update for the first nine months of 2016. However, in the same release, the company admitted that a reliance on diesel ... |
Honduran cement price to hold16 January 2015, Published under Cement NewsFollowing a suggestion by Silvio Larios, general manager of the Honduran Chamber of the Construction Industry (Chico), to revise the price of cement, representatives of the cement industry announced that the price of a bag of grey cement will not fall. The manager of Cementos del Norte, Juan Carlos Sikaffy, said most cement producers use coal in the firing of their kilns and not fuel oil. "In the international market these fuels have not dropped in price (coal), because the oil war is am... |
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