Cement News tagged under: trading
Price in uptrend, volatile carbon market driven by political statements of changes to EU-ETS22 June 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices traded inside their uptrend channel within EUR82-95 with high volatility. As the Clean Dark Spread still offers best value, more coal is being used and more EUAs are bought for compliance. The EUA has been influenced by new statements for reform to the EU-ETS system and a bullish increase of the targets for emission reductions, which conflicts with the proposed auction of 250m EUAs to fund the required REPowerEU Plan – which s... |
New sanctions push the energy complex higher while Russia offers huge discounts to non-sanction markets, keeping petcoke rise in check21 June 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark New EU oil sanctions against Russia have again moved the energy complex higher, particularly oil and coal, as the EU now has to find new suppliers, leading to increased costs for end users. Moreover, the inflationary fall-out from the Ukraine-Russia war is now seen in all economies. The US Federal Reserve has turned to sharp rate increases and the European Central Bank (ECB) is now expected to start raising rates up to 125bp for the end ... |
Cement exports from Pakistan show a mixed trend21 June 2022, Published under Cement NewsPakistan's cement exports continued to report mixed trends in the export of cement and clinker cumulative basis for 11 months and in May alone of FY22, according to the Pakistan Bureau of Statistics. AKD Research has attributed this mixed trend to low export prices and increasing coal prices, which have made exports unattractive. Pakistan's cement and clinker exports in the first 11 months of FY21-22 (July 2021 to May 2022) earned US$211.19m in revenue by dispatching 5.465Mt cement and cl... |
DG Khan set for US exports15 June 2022, Published under Cement NewsPakistan-based DG Khan Cement Co will be exporting 50,000t of cement to the USA for the first time. “A ship, Tomini Felicity, is presently loading cement at KPT in 1.5t jumbo bags destined for Houston, Texas USA,” Fareed Fazal, DG Khan director, said. The shipment is part of a contract that will see the cement producer export 100,000tpd to Texas after concluding a deal in August 2021, when Mr Fazal visited the US. Following the deal, there was a 10-month process to obtain the necessary ce... |
Cembureau calls MEPs to secure a timely ETS and CBAM agreement10 June 2022, Published under Cement NewsC EMBUREAU (European Cement Association) expressed its disappointment at the European Parliament plenary votes on the EU Emission Trading Scheme (ETS) and the EU Carbon Border Adjustment Mechanism (CBAM). “The EU cement industry needs a strong CBAM to support our decarbonisation efforts and fight carbon leakage. Both draft European Parliament texts on ETS and CBAM contain significant improvements on some key issues – such as CBAM’s watertightness or industrial innovation, which are essen... |
Oil prices up while coal and petcoke are stabilising08 June 2022, Published under Cement NewsSince ICR’s most recent energy report , the energy complex is awaiting the impact of sanctions on Russia and the risk of an economic slowdown. Oil prices increased to US$100-115 on the back of the EU’s potential sanctions on Russian oil. Coal is stabilising after rising on demand before the sanctions in August with Russia offering a discount. High-sulphur petcoke (6.5%) 40HGI FOB USGC – historical view 2007-22 Meanwhile, petcoke stabilised on a high discount on current le... |
High cost of manufacturing influences cement dispatches in May 202208 June 2022, Published under Cement NewsTopline Securities has stated that Pakistan’s cement sales were affected in May 2022 mainly due to the Eid holidays and economic slowdown. The attrition in exports is on the back of disruption in the global supply chain, resulting in higher sea freight charges. The All Pakistan Cement Manufacturers Association (APCMA) remarked that the continuous downfall of the rupee coupled with the skyrocketing prices of coal, electricity and petroleum products is badly affecting the business momentum. ... |
Vietnam continues to dominate imports in the Philippines07 June 2022, Published under Cement NewsVietnam’s dominance of cement imports in the Philippines continues to cause concern for local producers. With local demand expected to reach 66Mt in 2025, the Cement Manufacturers Association of the Philippines (CeMAP) has revealed data showing that Vietnamese cement accounts for the bulk of cement imports while deliveries from the rest of the world continue to shrink, according to the Manila Bulletin. In 2021 the Philippines imported 7.107Mt of cement, of which Vietnam accounted for 6.... |
Ecuador completes first cement export contract01 June 2022, Published under Cement NewsEcuador has exported cement for the first time, delivering 32,660 to of cement in 16,330 Bigbags to Peru, according to a local news service. The consignment was supplied at the end of April to position Holcim Ecuador as bulk cement exporter in Latin America and diversify its export value offer. The shipment was made possible by an investment of US$2.2m to expand infrastructure and implement the project. |
UK secondary fuels market to stabilise in 202231 May 2022, Published under Cement NewsExports of secondary fuels, such as refuse-derived fuel (RDF) and solid recovered fuel (SRF), from England fell by 40,055t in March this year, compared to the same period a year earlier. March 2022 saw exports of 135,506t, versus 175,561t in March 2021, according to data from Footprint Services. Of the March 2022 total, recycling specialist Geminor UK accounted for 29,196t, or 21.5 per cent of the English export market. But the company believes the market is now bottoming out. “We have s... |