Cement News tagged under: petcoke
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. |
India: Birla Corporation sees Q1 cement profits rise 441%11 August 2016, Published under Cement NewsBirla Corporation has released its quarterly financial results for the three months to the end of June 2016. During this period, Birla’s profits from its cement operations rose by 441 per cent compared to those from a year earlier, standing at INR1.1bn (US$16.3m). Cement revenues were also up, albeit not as spectacularly. In 1QFY16-17 total revenues were INR8.3bn (US$125m), an increase of 17 per cent YoY. Cement volumes were also higher, with 2.17Mt dispatched as compared to the 1.96Mt... |
Tunisia: petcoke shortage risks near-doubling cement price13 May 2016, Published under Cement NewsTunisia’s Industry Ministry is looking into to alternatives to alleviate the petcoke shortage in the country. Importing petcoke is proving to be difficult as El Fouledh port, temporarily tasked with importing the fuel, is not able to receive the ships and volumes required for the cement industry. At present, works at the port of Ciment de Bizerte prevent petcoke imports at that location. The petcoke shortage risks the closure of several cement plants in Tunisia unless they can successfully... |