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...
Petcoke discount remains in cheap zone with good potential
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...
- 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
- Pakistan's cement/clinker exports rose 33% in the 9MFY23-24
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