Cement News tagged under: natural gas

RSS feed

Oil falling below US$90, coal and gas surge to new highs – petcoke may resume upward curve, but still buyers’ market

29 September 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The perfect storm has hit European energy end users, as EU sanctions against Russian energy exports are now backfiring in terms of prices and supply security. The EU is currently working on different packages to curb prices, but this will be extremely challenging if a free and market-based price structure is wanted. At the same time, drought and a reduction in nuclear power generation is adding to the severe supply situation as gas prices have...

Larestan plant switches to gas

07 September 2022, Published under Cement News

To reduce the burning of mazut, an eco-unfriendly fuel, at the Larestan Cement Plant in Fars Province, Iran, the works has now been connected to the national gas grid. A 35km-long pipeline will supply the plant with 20Mm 3  of gas each year, reducing the burning of mazut by 25Ml annually, reports the Financial Tribune. Mazut is a low-quality heavy fuel oil containing 2-3.5 per cent sulphur, often used in power plants and similar applications. 

Petcoke discounts higher as coal rises on EU sanctions and petcoke falls as demand-supply eases

22 July 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Energy markets are kept between higher prices due to supply distress, including strikes in refineries for higher wages and the impact of sanctions on Russia. In addition, pressure from inflation rates at 40-year highs is leading to higher lending interest rates and a potential recession. This will lead to lower demand in the cement and other sectors. The US Federal Reserve increased rates by 0.5 per cent and more hawkish actions are likely...

Oil prices up while coal and petcoke are stabilising

08 June 2022, Published under Cement News

Since ICR’s most recent energy report , the energy complex is awaiting the impact of sanctions on Russia and the risk of an economic slowdown. Oil prices increased to US$100-115 on the back of the EU’s potential sanctions on Russian oil. Coal is stabilising after rising on demand before the sanctions in August with Russia offering a discount. High-sulphur petcoke (6.5%) 40HGI FOB USGC – historical view 2007-22 Meanwhile, petcoke stabilised on a high discount on current le...

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...

Iran's cement industry to prepare alternatives amid fuel shortage

03 November 2021, Published under Cement News

Iran is facing the prospect of power shortages amid an insufficient supply of natural gas, according to Trend News. As a result, cement plants are expected to store mazut as an alternative fuel over the next few days, says the secretary of the Cement Industry Association, Abdolreza Sheikhan. Mr Sheikhan also noted that an electricity outage during the summer had previously led to a cement shortage in the market and an increase in prices. Therefore, he expressed concern about the prospect ...

ECEBOL signs contract for natural gas supply

08 April 2021, Published under Cement News

ECEBOL's new plant in Potosí, Bolivia, is expected to be supplied with natural gas by Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) through an 8km pipeline that will connect YPFB’s Transporte system with the cement factory. ECEBOL and YPFB signed a contract guaranteeing the supply of 11.9MMcf of natural gas per day, which will be used to produce cement and clinker that will supply national and international demand. "We have been making progress with the connections to the differen...