Cement News tagged under: petcoke
Possible relief from petcoke ban for India’s cement sector?06 December 2017, Published under Cement NewsThe Indian Ministry of Environment and Forest (MoEF) is likely to exempt the cement industry from the partial petcoke ban for industrial use, according to a report in The Hindustan Times. The government has moved forward a proposal as Solicitor General A Nadkarni informed the Supreme Court that the use of petcoke in the cement industry was minimal and for non-fuel purposes, according to the report. “It is used as a de-sulphuring agency. Therefore, the ministry has decided to have a relook ... |
Petcoke ban in NCR expected to raise fuel costs and cement prices31 October 2017, Published under Cement NewsCement producers in northern states of India can expect rising fuel costs on the back of the Supreme Court's ban on petcoke use in the National Capital Region (NCR) from 1 November 2017. The Supreme Court acted to direct Rajasthan, Haryana and Uttar Pradesh governments to notify the ban immediately after it was informed that pollution in the NCR had shot up after Diwali, due to toxic gases emitted by industrial hubs that use furnace oil and petcoke, reports Hindustan Times. "Cement pl... |
Petcoke prices in India resume upward trend28 September 2017, Published under Cement NewsFollowing an easing of petcoke prices in August, petcoke prices are increasing again in India, adding further cost pressures to cement producers. A key fuel for the country’s cement plants, petcoke is mainly imported from the US or Saudi Arabia. However, when Hurricane Harvey struck the US at the end of August, several US Gulf refineries closed. This led to a shortage of petcoke ad saw local petcoke prices rise. "Prices for petcoke in the US Gulf have increased roughly 10 per cent in ... |
Proposed ban of petcoke import not to apply to cement industry25 August 2017, Published under Cement NewsIndia’s Environmental Pollution Control Authority (EPCA) is determined to get a ban on petcoke import, although the ban would not apply to the cement industry, according to Sunita Narain, green activist and member of the EPCA. "We have recommended a ban on petcoke import into India and we have recommended a ban on the use of petcoke in all industries other than cement," Ms Narain said. The Supreme Court-appointed EPCA has pitched using India's own domestic petcoke in the cement indus... |
Indian cement producers prefer imported petcoke03 April 2017, Published under Cement NewsCement producers in India continue to prefer better-quality imported petcoke at US$92/t, despite its price being double that of Indian coal, according to the Business Standard. Petcoke prices rose to US$95.75/t at the end of December and fell to US$80.50/t in early February before rising to US$92 at the end of March, S&P Global Platts was quoted. Recent auctions by Coal India yielded disappointing results as around three times more coal than petcoke is required to produce one tonne of... |
Falling crude oil challenges uptrend, China cuts coal capacity17 March 2017, Published under Cement NewsBy Frank O Brannvoll, Cimeurope sarl, Belgium Last month the US$/EUR trading range was set at €1.04-1.08 and has held within €1.05-1.075 at €1.0720. Other than the US Federal Reserve Bank raising its overnight rate by 0.25 per cent to one per cent, there is no other major news. The increase did not have an impact on the US$/EUR rate with the expected range going forward between €1.05-1.10. Crude oil Crude oil price developments can often be considered as a front runner for ov... |
India: higher petcoke prices will hit cement companies04 January 2017, Published under Cement NewsA near 75 per cent jump in the prices of petcoke, plus a similar rise in diesel costs combined with the policy of demonetisation, is likely to squeeze the margins of cement sector companies in the current financial year, says research firm Indian Ratings. Petcoke has shown an upward movement in prices to around US$60-70/t from US$40/t at the beginning of the financial year. “The rise in petcoke prices coupled with increase in diesel prices is likely to increase power, fuel and freight c... |
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 ... |
Sumitomo Osaka 1.4Mt coal consumption in 201502 September 2016, Published under Cement NewsJapanese cement manufacturer Sumitomo Osaka Cement reported that it had consumed 1.41Mt of coal for the fiscal year 2015 (year end 31 March 2016). This figure is a 2.7 per cent YoY decrease from the fiscal year 2014, when consumption reached 1.44Mt. Petcoke consumption for the same period was 0.1Mt, up 19 per cent from 0.08Mt from fiscal year 2014. |