Cement News from International Cement Review
InterCement signs exclusivity agreement with CSN
Following its market announcement of 23 February 2024, InterCement Participações SA announced that in the context of the competitive process, organised by Banco BTG Pactual, it has carried an agreement on 1 May 2024 to provide for exclusivity until 12 July 2024 to Companhia Siderúrgica Nacional (CSN) in terms of the potential acquisition of a 100 per cent stake in InterCement's stock. How...
Pakistan cement association voices concerns over law and order
The All Pakistan Cement Manufacturers Association (APCMA) has expressed its concerns over the deteriorating law and order situation in Pakistan. “The law and order situation in Dera Ismail Khan, Dera Ghazi Khan, Kohat, Mianwali and adjacent areas has seriously jeopardised the day-to-day operations of the areas’ cement units,” said the spokesman of APCMA. Recently some workers of a cement uni...
Dangote Cameroon imports clinker from Nigeria and Congo to ensure 1Q supply
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 t...
- Petcoke discount remains in cheap zone with good potential
- EU ETS 2023 emissions down 16% YoY amid record global emissions – prices rise to about EUR60
- Oil rallies above US$90, coal and petcoke dragged higher as geopolitical tensions increase
- Turkey exports to Georgia up 7% in 1Q24
- Botswana to restrict cement imports
Limited USGC demand for Supramax/Ultramax shipments leads to rate cuts by owners
By Brannvoll ApS, Denmark The USG Supramax/Ultramax freight market showed positive tendencies during the first half of March, mainly driven by a strong market in the east coast of South America where the grain season is actively gaining momentum. In the second half of March, USG rates started slipping with fresh demand lacking, coupled with lower fixing activity levels as the market appr...
- USG Supramax rates seeing end-of-month decrease
- Supramax rates fell significantly on all routes amid slow start to the year
- High volatility in USG Supramax/Ultramax markets
- USG Supramax market skyrocketing as demand/supply plays in owners’ favour and congestion impacts Panama Canal
- Freight rates rise again on increased petcoke and grain demand