Cement News tagged under: gas

RSS feed

Czech market expands 5% in 2021

08 September 2022, Published under Cement News

Cement 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 advance

02 September 2022, Published under Cement News

By 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...

Energy markets react to higher interest rates – coal demand surges to all-time high, petcoke now buyers’ market

18 August 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation keeps rising and while central banks have started aggressive interest rate hikes to curb it, these may be too late. The IMF has revised global economic growth down, and fear of demand destruction is lowering energy prices. The US Federal Reserve increased its interest rates by 0.75 per cent and the European Central Bank followed through. Further hikes are forecast as inflation moves above nine per cent.   The US dollar strengthen...

Higher inflation and fear of recession impact energy complex

04 August 2022, Published under Cement News

Since ICR’s most recent energy report , the energy complex is trending lower due to higher inflation and the fear of recession. Higher interest rates are fuelling demand destruction. Russia is offering discounts to non-sanction countries, affecting the price of oil and coal. The price of oil was down sharply following the IEA report on falling demand, combined with the OPEC+ plan to increase production in August. Increased demand for coal in the EU is supporting the price of coal with highe...

Energy complex moves in range with petcoke discounts increasing

08 July 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex has moved in range, awaiting the impact of sanctions on Russia and the risk of an economic slowdown. However, the threat of EU sanctions on Russian oil pushed up oil prices in the range of US$105-120, but prices have since fallen back as high inflation and interest rate increases have sown considerable doubts on growth going forward. Coal has been stabilising after rising demand w...

New sanctions push the energy complex higher while Russia offers huge discounts to non-sanction markets, keeping petcoke rise in check

21 June 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark New EU oil sanctions against Russia have again moved the energy complex higher, particularly oil and coal, as the EU now has to find new suppliers, leading to increased costs for end users. Moreover, the inflationary fall-out from the Ukraine-Russia war is now seen in all economies. The US Federal Reserve has turned to sharp rate increases and the European Central Bank (ECB) is now expected to start raising rates up to 125bp for the end ...

Potential new EU sanctions lift oil and coal but China lockdowns dampen demand – sharp drop in petcoke prices

30 May 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Another month driven by war in Ukraine, imminent EU sanctions pushing energy prices upwards, and central banks raising interest rates on the back of increased inflation pressures. As a result, analysts are fearing a recession with a potential fall in energy demand. However, the EU sanctions against Russia are starting to hurt European countries. In addition, strict COVID-19 lockdowns in China are also dampening domestic demand. As a result, p...

Holcim Argentina warns of gas shortage stopping kilns over winter

06 April 2022, Published under Cement News

Holcim Argentina’s CEO, Christian Dedeu, has warned that clinker production at its plants could come to a halt as he has no guarantee that there will be gas to fire the kilns this coming winter (June-August 2022). “We do not have guaranteed gas for the winter, which puts cement production at risk. The impact can be very strong for the construction activity,” said Mr Dedeu. Moreover, gas prices remain sky-high and the rise in production costs is difficult to offset. However, the company is ...

BUA Cement signs contract for third power plant from Wartsila

26 November 2021, Published under Cement News

Nigeria’s BUA has signed an agreement with Wärtsilä for the delivery of a 70MW dual-fuel power plant for its Obu Line 3 project in Edo state. The gas power plant will be the third facility to be commissioned from Wärtsilä, as BUA seeks to increase total production capacity across all locations to 17Mta by 2023. “Currently, we have phased out the use of coal across our factories and are now shifting to gas-powered plants. As we ramp up our capacity, there is need to complement it with effic...

Coal rally continues amid high European gas prices

29 September 2021, Published under Cement News

Since 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...