Cement News tagged under: petcoke

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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...

Energy complex sees uplift on Ukraine-Russia conflict, but discounts are stable

24 February 2022, Published under Cement News

Since ICR’s most recent energy report , Russia’s recognition of the Donbas region in Ukraine and military move into it are lifting the energy complex. As no war has broken out at the time of writing, medium effects depend on political sanctions and the respect of borders. In the short term, oil is close to US$100. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 As coal pushes higher, petcoke prices are increasing. Discounts are stable in neutral zones. Th...

Geopolitical risk drives entire energy complex higher with oil at 8-year peak and coal supporting petcoke prices

19 February 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The euro rose sharply from US$1.1150 to US$1.1450 after the European Central Bank hinted that rate hikes were on the way, based on fear of higher inflation numbers. However, while it is expected to remain in the range of US$1.115-1.1600, volatility could arise depending on the geopolitical outcome after tensions increased when Russian troops amassed near the Ukrainian border, favouring a stronger US dollar. The Turkish lira stabilised be...

Ukraine-Russia tension lifts oil, gas and coal prices while petcoke discounts improve rapidly

04 February 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the geopolitical risk relating to Ukraine-Russia tension has lifted oil, gas and coal prices. The Indonesian exports, which results in taking out 25Mt of coal from the export market. In China prices continue to settle under the maximum level set by the NDRC. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 With coal prices higher again, petcoke is seen stabilising with ...

Oil back to US$80 while Indonesian export ban supports coal – petcoke steady in low December trading

27 January 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The euro was stable between US$1.12-1.14 despite the US Federal Reserve focussing on higher yields in 2022. A range of US$1.12-1.16 can be expected in the next few months, still looking towards US$1.18 later in the year. The Turkish lira collapsed to TRY18.40, before new strict curbs forced it back to TRY10.50. Still under pressure from negative real interest, the lira has softened to TRY13.80. Table 1: Prices at a glance ...

Coal stabilising while petcoke continues lower

30 December 2021, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the price of coal has stabilised and started to move higher after sharp falls in November. China is still keeping a lid on prices, but as prices of gas in Europe are moving higher, new use of coal is dragged up. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2005-21 Meanwhile, petcoke continues lower but is slow based on indexation. Discounts are back, increasing the demand f...

After sharp falls in oil and coal, Omicron fears fading – petcoke down but with coal slowly higher, discounts return to positive

17 December 2021, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The euro broke lower due to hawkish talk from the US Federal Reserve of higher yields in 2022. There is a range of US$1.12-1.16 expected in 2022, but the euro is likely move towards US$1.18. The Turkish lira saw a 47 per cent collapse from TRY9.75 to TRY14.40 in four weeks due to the new policy of negative real rates, making fuels substantially more expensive for Turkish cement makers. Table 1: Prices at a glance ...

Petcoke prices fall while coal sees upward movement

23 November 2021, Published under Cement News

Following on from ICR’s most recent energy report , the price of Brent oil fell to US$78.50. The API2 1Q22 contract edged up to US$129.00 while the API4 1Q22 price increased to US125.00. Petcoke prices are finally moving down but this is slow based on indexation. The price of 6.5 per cent sulphur petcoke USGC FOB declined from US$154.00 to US$148.00 while the CFR ARA price fell from US$188.00 to US$176.50. Steam coal and petcoke FOB prices - historical view 2005-21 Coal switc...

Coal sharply lower after Chinese price intervention, petcoke discounts turn negative as petcoke price remains stable

19 November 2021, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The euro holding tight US$1.15-1.17 trading range in the wider US$1.15-1.20 range. Table 1: Prices at a glance Crude oil (US$/bbl) 83.25 Coal API2 – 1Q22 (US$) 125.00 API2 – Cal 2022 (US$) 125.00 API4 – 1Q22 (US$) 122.00 API4 – Cal 2022 (US$) 105.00 Petcoke USGC 4.5% 40 HGI ...

Petcoke market stable, but coal to see return to normality?

29 October 2021, Published under Cement News

Following on from ICR’s most recent energy report , the coal rally was at an all-time high but is now experiencing a sharp retracement down due to demand destruction and forecasts of a warmer winter. It remains to be seen whether there are upside risks or whether there will be a correction to return to “normality”. Meanwhile, the petcoke market is steady due to increased demand from India and Turkey, based on discounts. The discount for petcoke FOB 6.5 per cent sulphur when compared with...