Cement News tagged under: petcoke

RSS feed

UltraTech reports rise in net sales

18 January 2018, Published under Cement News

UltraTech Cement Ltd has announced that its net profit decreased by 25 per cent YoY to INR4.21bn (US$65.98m) in the October-December quarter of 2017. However, net sales of the company rose 35 per cent to INR75.8bn in the same period, according to Bloomberg. EBITDA increased by 13.9 per cent to INR12.6bn in the 3QFY18, when compared to the corresponding period of the previous financial year. "The quarter witnessed an increase in variable costs attributable to the rise in pet coke and coa...

Turkish petcoke imports uncompetitive compared to domestic producers

04 January 2018, Published under Cement News

Turkish petcoke imports are uncompetitive due to lower prices being offered by domestic producers and high freight rates. The domestic price of petcoke in Turkey is approximately US$107-108/Mt, a lower price than imported petcoke once US$8-10 has been added to cover the added import costs, according to S&P Global Platts. A S&P Global Platts assessment saw Supramax petcoke freight rates from Houston to Aliaga at US$21/Mt on Wednesday, a decrease of 25 cents when compared to the highest pri...

ENERGY – OPEC consolidates oil while India shakes petcoke, coal high

20 December 2017, Published under Cement News

Prices at a glance Crude oil - bbl US$64.00 Coal API 4 - 1Q18 US$91.25 Coal API 4 - Cal2018 US$88.00 Petcoke USGC 4.5% 40HGI FOB US$82.00 USGC 4.5% 40HGI cf ARA US$100.50 USGC 6.5% 40HGI FOB US$72.50 USGC 6.5% 40HGI cf ARA US$91.00 In November the US dollar was supported by the US tax reform, which could see US firms repatriating profits. The lack of German government for...

Indian cement prices to increase by January

20 December 2017, Published under Cement News

Cement prices in India are expected to increase by INR3-4/bag by mid-January as the government has decided to hike the import duty on petcoke from the current 2.5 to 10 per cent. The rise in duty is expected to increase production costs by INR50-60/t and sector analysts predict the increase will be passed on to customers. "In case they are not passing it on, their EBITDA is likely to get affected and under the current scenario, no company will wish for it", an analyst with stockbrokin...

Possible relief from petcoke ban for India’s cement sector?

06 December 2017, Published under Cement News

The 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 prices

31 October 2017, Published under Cement News

Cement 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 trend

28 September 2017, Published under Cement News

Following 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 industry

25 August 2017, Published under Cement News

India’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 petcoke

03 April 2017, Published under Cement News

Cement 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 capacity

17 March 2017, Published under Cement News

By 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...