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Substantial growth in Bangladesh's cement exports during 11MFY24

07 June 2024, Published under Cement News

Bangladesh's cement industry has experienced significant export growth during the 1MFY24. The sector recorded a 34.3 per cent YoY increase in cement export revenue, reaching US$16.81m during the 11MFY23-24. This marks a substantial rise from US$12.52m in the corresponding period of the previous year and includes certain salt, stone, and related products. Cement exports also grew by 23.4 per cent YoY, surpassing the target of US$13.62m for the 11MFY23-24. Bangladesh mainly exports cement t...

Belarus Cement Group to ship 67,000t to Russia

29 May 2024, Published under Cement News

The Belarus Cement Group plans to ship 67,000t of cement to Russia in May using its own train, according to the Ministry of Architecture and Construction of Belarus. “This month, the BCG has launched a fixed-route train of its own hopper wagons to deliver cement to Russia. The first train was dispatched from the Belarusian Cement Plant (Kostyukovichi, Mogilev Oblast) to Moscow Oblast,” the report says. According to the Ministry of Architecture and Construction, the BCG train has alread...

Sharp rally in EUA sends the market back into long-term uptrend, consolidation expected

27 May 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Independent carbon market news remained scarce while the market followed particularly volatile gas and power prices. Trading was erratic with actions from speculative players in a relatively thin market. The focus is still on how the European Parliament elections will play out, as EU Commission papers for the next period have downplayed the focus on green transition, compared to European security and competitiveness. While April was not the co...

Venezuelan sanctions reimposed, Russia pauses coal export fee, while petcoke discount remains attractive

20 May 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The war premium and geopolitical tensions eased during April and the energy market’s focus has again shifted towards the demand factor in the energy complex. Oil has retraced together with coal and gas. IMF has adjusted up the expected global GDP growth to 3.2 per cent, but both the US Federal Reserve (Fed) and European Central Bank (ECB) have repeated the mantra “higher for longer” due to developing inflation of above two per cent, especially...

Pakistan's State Bank notes export growth in 1HFY23-24

15 May 2024, Published under Cement News

The State Bank of Pakistan (SBP) has reported that the country’s cement sector shows significant export growth during the 1HFY23-24. Cement production saw a modest rise of 1.9 per cent during 1HFY23-24, largely attributed to the increased export volume. This was further bolstered by a surge in domestic sales in the last few months. Cement demand in the country’s export destinations, including Afghanistan, Bangladesh, Hong Kong, Germany and Ghana, nearly doubled to 3.7Mt during 1HFY23-24. ...

PIBTL handled 5,366,521t of cargo in 9MFY23-24

14 May 2024, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBTL) recently announced its 9MFY23-24 financial statements for 31 March 2024, on the Pakistan Stock Exchange (PSE) website, followed by a detailed report. During the period, the demand for coal imports has revived, primarily due to measures for economic stabilisation undertaken by the government, such as lifting import restrictions, economic stability stimulated by the strengthening of Pakistani rupee against the US dollar, and increased economi...

Bangladesh's cement exports see a 49% YoY growth during 10MFY23-24

10 May 2024, Published under Cement News

Bangladesh’s cement industry has witnessed substantial growth in its exports. It saw a 48.7 per cent YoY growth in cement export revenue, generating US$15.94m during the first 10 months of FY23-24. This is up from US$10.72m in the same period of the previous year and includes some salt, stone, and related products. Cement exports rose by 29.3 per cent YoY and exceeded the target of US$12.23m for the 10MFY23-24. Bangladesh’s cement exports mainly depart for India, with other popular destin...

Dangote Cameroon imports clinker from Nigeria and Congo to ensure 1Q supply

06 May 2024, Published under Cement News

Dangote Cement sold 354,000t of cement in the Cameroon market in the 1Q24, representing 35 per cent of total cement production in the country, according to EcoMatin. While ongoing infrastructure projects in the country supported sales by Dangote, the company has faced challenges due to inflationary pressures and increasing fuel costs. Dangote has delivered significant quantities of clinker to Cameroon to support its local output. From its base in Nigeria, the company delivered 178,000t whi...

Petcoke discount remains in cheap zone with good potential

03 May 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Coal moved higher on the back of geopolitical tensions and was supported by oil and gas prices. Petcoke FOB picked up slightly from last month’s price but is trapped in the high US$60s. Discounts increased and petcoke increased from lows at US$62. On FOB and ARA bases, the petcoke discount remains in the cheap zone and offers good potential. The discount on ARA rose to cheap petcoke on increasing API2 and falling petcoke with freight USGC ARA ...

EU ETS 2023 emissions down 16% YoY amid record global emissions – prices rise to about EUR60

29 April 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark In 2023 EU verified emissions showed a 15.5 per cent fall from 2022, based on a 24 per cent drop in power generation emissions due to lower demand. Energy intensive industries emitted seven per cent less YoY as a result of reduced production. The aviation sector increased its emissions 10 per cent YoY as the industry recovered from the COVID-19 impact. The total number of emissions fell from 1.3bnt to 1.1bnt in line with forecasts and did not ...