Cement News tagged under: trading
EUA prices consolidate at higher level awaiting policy decisions23 January 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The increase in fossil fuels use for power generation is keeping the demand for EUAs relatively high. However, a mild winter start and a falling energy complex temper this trend. Therefore, a rally above EUR80 is not expected in the short term as an economic slowdown is expected to lead to demand destruction. Speculators have reduced their presence in terms of size and more short positions have been seen. The market is now awaiting politica... |
EUA rising by end of year, driven by compliance and higher coal and gas prices23 January 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark There has been very little direct news in the carbon market, as political discussions of changes to the EU ETS are still ongoing, and are driven by the movements in the fuel market. However, the market, which had been stuck in the EUR65-75 range, broke out to the upside as year end is approaching and compliance buying and short positions closing from speculative trades have propelled the market upwards. From a warm winter the start of ... |
Winter and sanctions lifts coal and gas in Europe – petcoke discounts attractive again as petcoke drops slightly18 January 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation remains high and central banks continue to increase interest rates albeit at a slower pace. This has now led to widespread expectations of recession not only in the EU, which is hurt by energy sanctions, but also in the US as its Federal Reserve maintains a very aggressive stance. The oil market has fallen below US$80, but is decoupled from the gas and coal markets, which are disrupted by the energy sanctions on Russia. The inc... |
EUA falling below EUR80 on lower energy complex10 January 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark December was characterised by low trading activity and high volatility. Driven by oil and gas the energy complex fell due to reduced power demand in Europe, lowering compliance purchasing. While the dark spread is still offering higher value, some gas firing has returned, lowering the demand for EUAs. The new front-year contract is trading with high volatility between EUR75-90 and major support still at EUR65. For 2023 Brannvoll ApS expect... |
Bangladesh's cement export revenue totalled US$4.69m in 1HFY22-2309 January 2023, Published under Cement NewsDuring the first six months of FY22-23 (July-December), Bangladesh's cement industry earned export revenue of US$4.69m on the export of cement, mostly to neighbouring Asian countries, compared to US$3.91m in the same six months last year. This translates to growth of 20 per cent YoY but marks a shortfall of 9.1 per cent to meet the target of US$5.166m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the Banglad... |
Pakistan records a 21% decline in cement dispatches in 1HFY22-2306 January 2023, Published under Cement NewsThe negative trend in cement dispatches in Pakistan has continued in the last few months. The latest data for 1HFY22-23 and December 2022 show the sector has been affected by a slowdown in the local construction industry and unviable exports. Pakistan’s total cement deliveries (domestic and exports) were 21.764Mt during 1HFY22-23, which is 20.7 per cent lower than 27.456Mt dispatched during 1HFY21-22. Out of this total, domestic volumes were 20.03Mt against 24.065Mt during the same period la... |
DTI imposes definitive anti-dumping duty on Vietnam exporters30 December 2022, Published under Cement NewsThe Cement Manufacturers Association of the Philippines (CeMAP) welcomed the imposition of definitive anti-dumping duties against cement imports from Vietnam, according to a report in the Manila Bulletin. In a statement, CeMAP reiterated its view that there is sufficient domestic capacity to serve local demand for cement. It claimed that even without cement imports, the domestic industry is highly competitive with 14 integrated cement plants operating in the country, with further capacity... |
Cahya Mata Cement ends supply difficulties28 December 2022, Published under Cement NewsCahya Mata Cement Sdn Bhd (formerly CMS Cement Industries Sdn Bhd) has given its assurance that it has fixed all the disruptions of cement supply as of early November. "As announced previously in October, there were disruptions to the supply of cement in Kuching and nearby areas. There has not been any disruption of cement supply in the northern region of Sarawak. Currently we have more than enough cement to supply and meet all the requirements of our customers,” said a spokesperson ... |
CEMBUREAU welcomes ETS and CBAM agreements20 December 2022, Published under Cement NewsCEMBUREAU, the European Cement Association, welcomed the trilogue agreements struck by EU negotiators on the EU Emission Trading Scheme (ETS) and the EU Carbon Border Adjustment Mechanism (CBAM). “The agreements on CBAM and ETS are essential to create a global level playing field on CO 2 and support our sector in its transition to carbon neutrality. It is positive that the EU institutions strengthened some key aspects of CBAM”, commented Koen Coppenholle, CEO of CEMBUREAU. “We howev... |
Energy complex under interest rate pressure – coal falls sharply on lower demand while petcoke stable and discount neutral20 December 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Leading central banks raised rates again by 0.75 per cent, with promises of more to come as inflation is persistent as sanctions are still keeping energy prices artificially high in Europe. The EU has not agreed on any common measures as these are very hard to introduce in a free market. However, the threat of demand destruction combined with a warm start to the winter has put pressure on the overall energy complex. Gas prices have been ... |