Cement News tagged under: gas
Coal price find supports while petcoke sees sharp fall01 May 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Oil prices support the full energy complex and OPEC+ announced new production cuts totalling 1.6mb/d. Oil prices have risen from US$72/bbl to a high US$88/bbl but are now in their former range of US$80-90/bbl at US$81/bbl. Coal prices are finding support among strong supply and are stabilising at US$132 for the API4 contract. As expected, petcoke prices have fallen sharply below US$100, the first time since 2021, with discounts compared to... |
OPEC + surprise cut sends oil sharply higher, coal stable petcoke sliding sending discount back to neutral zone26 April 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The story of inflation and central bank rate hikes continues. Inflation figures from the US were at five per cent in March, awaiting another 0.25 per cent hike from the Federal Reserve. The European Central Bank is also expected to raise rates as inflation remains high due to EU sanctions keeping energy prices relatively high to 2021 before sanctions. While banking problems have increased the fear of recession, China’s post-COVID opening up... |
Very low petcoke discounts may lead to switch to coal08 March 2023, Published under Cement NewsThe price of a barrel of oil has returned to the lower end of the US$80-88 range. Gas prices were also down on the back of warm weather forecasts and the Turkey-Syria earthquakes, which are cooling demand. Coal prices continue to slip lower, along with other sources in the energy complex, as the fear of recession persists. The stable price of petcoke and very low discounts are expected to lead to fuel switches towards coal. The 6.5 per cent S petcoke FOB contract sold at US$137 while t... |
Energy demand drops, lowering oil, gas and coal prices with petcoke discounts back in neutral26 January 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The central banks continued interest rate hikes with 0.50 per cent in December, promising more to come. This has led to greater expectations of recession and falling demand, and in combination with thin trading in December, the overall energy index has fallen. The EU has introduced windfall profits on power producers and maximum gas prices. In Europe the winter has also been unusually warm for December and January, lowering heating demand. ... |
Winter and sanctions lifts coal and gas in Europe – petcoke discounts attractive again as petcoke drops slightly18 January 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation remains high and central banks continue to increase interest rates albeit at a slower pace. This has now led to widespread expectations of recession not only in the EU, which is hurt by energy sanctions, but also in the US as its Federal Reserve maintains a very aggressive stance. The oil market has fallen below US$80, but is decoupled from the gas and coal markets, which are disrupted by the energy sanctions on Russia. The inc... |
Petcoke prices stable with lower discounts02 December 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, coal prices are rising due to supply disruptions and a colder winter in Europe. Russian discounts are still in place but reflect the rising costs of Russian producers. Oil is falling on fears of a new Chinese lockdown and demand destruction in the EU leading to lower growth. Steam coal and petcoke prices FOB Petcoke prices are stable as buyers from China and India are on hold, and discounts ... |
Energy complex under interest rate pressure – coal falls sharply on lower demand while petcoke stable and discount neutral25 November 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Leading central banks raised rates again by 0.75 per cent, with promises of more to come as inflation is persistent as sanctions are still keeping energy prices artificially high in Europe. The EU has not agreed on any common measures as these are very hard to introduce in a free market. However, the threat of demand destruction combined with a warm start to the winter has put pressure on the overall energy complex. Gas prices have been fal... |
Energy complex falls on slower economies and EU stock refill11 November 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, the energy complex is falling as higher yields slow economies and EU purchases have slowed following full stocks. Russia’s continued discounts on coal see prices slip with API4 coal now trading at US$238. Oil is stabilising above US$90 after OPEC+ cut supply by 2mbpd. In Europe gas prices have been slipping as reservoirs are being filled and the weather stays warm. Steam coal and petcoke prices FOB... |
Czech market expands 5% in 202108 September 2022, Published under Cement NewsCement consumption in the Czech Republic saw a 5.2 per cent advance to 4.68Mt in 2021 when compared with the previous year, according to the Czech Cement Association. Domestic cement production advanced by 4.6 per cent YoY to 4.72Mt in 2021 from 4.513Mt in 2020. Of this total, 0.615Mt was exported, representing a 9.2 per cent increase on export volumes in 2020. Supply in the Czech market in 2021 was boosted by 0.579Mt of imports, which saw a 14.9 per cent YoY rise. Nearly half of the amo... |
Oil down but coal rising again as gas prices advance02 September 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex is falling, led by oil, more interest hikes and the fear of recession. Oil prices are down due to lower demand expectations and a small increase in output by OPEC+. Meanwhile, the price of coal is rising again, driven by higher gas prices. API 4 coal costs now US$340. Russia continues to offer large discounts to non-sanction countries. High-quality coal is in demand in Europe, Colom... |