Cement News tagged: Trading
Pakistan’s cement and clinker exports increase
Pakistan’s cement industry has registered substantial growth in dispatches of cement and clinker exports in terms of value and quantity during the first five months of FY23-24 (July-November 2023) due to the continued depreciation of the Pakistani rupee against foreign currency and the falling coal prices. Pakistan’s cement and clinker exports increased by around 48.3 per cent in the 5MFY23...
Coal drops and petcoke-coal discounts fall
By Frank O. Brannvoll, Brannvoll ApS, Denmark The price of coal declined after the Israel-Gaza war premium was taken out and oil also moved down. Petcoke saw downward pressure by coal with discounts falling. As a result, discounts on both FOB and ARA contracts are now in the lower part of the neutral range. Petcoke with 6.5 per cent S is expected to continue in the US$80-95 range with ...
Bangladesh exceeds the cement export target in 5MFY23-24
Bangladesh has recorded 90.2 per cent YoY growth in cement export revenue to US$6.98m in the first five months of FY23-24 (July-November 2023) from US$3.67m in the same five months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 17.7 per cent YoY rise in cement exports also surpassed th...
Decline in Pakistan cement dispatches blamed on axle load regime
Pakistan’s cement industry registered a contraction of 2.12 per cent in dispatches during November 2023, with total cement shipments coming in at 3.924Mt versus 4.009Mt in November 2022. According to a breakdown released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches during November stood at 3.262Mt compared to 3.862Mt in the same month a year earlier, ma...
Cement imports by France tumble 25% in August
August 2023 saw France import 227,000t of cement, marking a 24.9 per cent decline MoM and the second month in a row that imports have contracted following two months of growth. According to IndexBox, the main suppliers were Belgium (68,000t), Spain (42,000t) and Vietnam (24,000t), collectively accounting for 59 per cent of imports in August. They were followed by Luxembourg, Italy, Greece and ...
Carbon falling below EUR80 after larger auctions and lower gas prices
By Frank O. Brannvoll, Brannvoll ApS, Denmark The carbon market has fallen below the major support of EUR80, pressured by a lower energy complex and shift to gas from coal as a higher spark spread has been lowering compliance buying. The auctions used to provide funding for renewable subsidies have increased, adding to the price pressure. In addition, industrial demand destruction has not r...
DG Khan Cement is exploring Mexico to export cement from Pakistan
According to AKD Research, DG Khan Cement Co Ltd (DGKCC) held its corporate briefing on 24 November to apprise investors of its FY22-23 financial results and the company’s future outlook. DGKC recently exported two shipments to Mexico and four shipments to the USA. Management is actively focussing on exports to increase capacity utilisation. It expects higher clinker exports this year, bu...
Energy complex lower on fading war premium while petcoke discounts fall as coal retraces
By Frank O. Brannvoll, Brannvoll ApS, Denmark The Israel-Gaza situation seems to be contained from spreading and the war premium has quickly faded as no disruptions in any markets have been seen. The focus has now shifted back to demand and supply. The two major central banks kept their rates unchanged in the October meetings, keeping to the “higher for longer” rhetoric with inflation stil...
Rupee appreciation continues to sustain cement exports from Pakistan
Pakistan’s cement industry has registered significant growth in cement and clinker exports during the first four months of FY23-24 (July-October 2023) due to the continued depreciation of the Pakistani rupee and the falling coal prices. Pakistan’s cement and clinker exports increased by around 40.5 per cent in the 4MFY23-24 to US$93.08 (2.405Mt) compared to US$66.27m (1.324Mt) in the 4MFY...
Korea's white cement levy on Egypt begins
South Korea’s anti-dumping duty on white Portland cement from Egypt has begun. The 72.23 per cent levy started on 15 November 2023 and will last for four months. The move is designed to protect Korea’s local industry from imports after Korean white cement producer Union filed a complaint to the Korea Trade Commission in March this year against Egypt’s Royal El Minya Cement and Albatros ...
PIBT saw a host of economic challenges in FY22-23
Pakistan International Bulk Terminal Ltd (PIBTL) said in its annual report that during FY22-23, the company’s business was affected by the volumes handled, which lowered from 8.243Mt last year to 4.842Mt for the year ending 30 June 2023. It attributes the fall to the country's macroeconomic challenges, such as the high level of inflation, increased interest rates, devaluation of the Pakistan...
Bangladesh surpassed the cement export target in 4MFY23-24
Bangladesh has recorded 101.8 per cent YoY growth in cement export revenue to US$5.59m in the first four months (July-October 2023) of FY23-24 from US$2.77m earned in the same four months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. A 20.2 per cent YoY also surpassed a target of US$4.65m...
Local Pakistan cement dispatches contract while exports sustain levels
In October 2023 Pakistan's cement industry faced a decline in local dispatches due to the constraints in the domestic market, while exports remained steady owing to the potential for overseas revenue. According to data from the All Pakistan Cement Manufacturers Association (APCMA), total dispatches fell by 5.8 per cent to 4.007Mt in October 2023, compared to 4.253Mt dispatched during the same ...
Israel-Gaza war drives coal higher with petcoke reversing its drop
By Frank O. Brannvoll, Brannvoll ApS, Denmark Coal was driven higher by the energy complex responding to the Israel-Gaza war and is now at the top of the US$100-140 range. Petcoke reversed its fall as its discount increased, creating a switch from coal. After reaching the major support at US$80, petcoke bounced back and will now follow coal, possibly at the top of the range. Petcoke wit...
Pakistan's central bank reports fall in exports in FY22-23
The State Bank of Pakistan (SBP) released its annual report on the State of Pakistan’s Economy for the fiscal year 2022-23 on 23 October. In a brief review report on cement, the central bank stated that in line with subdued construction activity, cement production declined sharply by 13.7 per cent during FY23, compared to a 3.6 per cent drop in FY22. Furthermore, cement exports declin...
Carbon price keeps falling, driven by lower gas and coal prices
By Frank O. Brannvoll, Brannvoll ApS, Denmark The carbon market was almost unchanged at EUR81 after having reached EUR86, but lower oil, gas and coal prices pushed the EUA downwards. As the support of EUR84 was again breached, technical selling from speculators also increased. The increased auctions kept adding selling pressure to the market. The price is still seen in a EUR80-88 rang...