Cement News tagged: Trading
Burundi to allow cement imports
The Burundi government has announced plans to allow the import of cement in a bid to get prices under control. A shortage of cement in the country due to a lack of production capacity has created a black market with prices that have been steadily rising. Buceco Cement has been seeking a review of cement prices since 2021 due to soaring raw materials and transport costs. The company now wa...
Vietnamese cement consumption falls 27% in July
Cement consumption in Vietnam came in at 5.95Mt in July 2022, down 27 per cent compared to July 2021, according to data from the Department of Building Materials under the Ministry of Construction. Domestic consumption in July reached 4.85Mt while exports stood at around 1.1Mt. For the first seven months of 2022, cement consumption was an estimated 54.99Mt, a decline of 17 per cent YoY, wit...
Energy markets react to higher interest rates – coal demand surges to all-time high, petcoke now buyers’ market
By Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation keeps rising and while central banks have started aggressive interest rate hikes to curb it, these may be too late. The IMF has revised global economic growth down, and fear of demand destruction is lowering energy prices. The US Federal Reserve increased its interest rates by 0.75 per cent and the European Central Bank followed throu...
Steep fall in Pakistan cement exports in July 2022
Pakistan began the new fiscal (July 2022) by registering lower cement and clinker exports in value and volume terms, with declines seen on both a MoM and YoY basis. Experts attribute the decline to the global economic slowdown, supply chain disruptions and higher sea freight charges. Low export prices coupled with increasing coal prices made exports unattractive during the first month of t...
Indian producers turn to Venezuela for petcoke supplies
The surge in global coal prices has prompted Indian cement producers to turn to petcoke instead with the country importing significant volumes from Venezuela for the first time. According to Live Mint, trade data shows that India imported at least four shipments of 160,000t of petcoke from Venezuela, arriving in India between April-June 2022. A further 50,000t cargo is due to reach Mangalore, ...
Bangladesh expects a 15% growth in cement exports in FY22-23
Bangladesh has set an export target for the cement industry at US$11m during the 12 months of the ongoing financial year, ending 31 June 2023, compared to US$9.57m earned in FY21-22. This translates to expected growth of 15 per cent YoY, according to the Bangladesh Export Promotion Bureau (EPB) data. Meanwhile, the first month of FY22-23, ie July 2022, started with bringing home US$0.72m of...
Higher inflation and fear of recession impact energy complex
Since ICR’s most recent energy report , the energy complex is trending lower due to higher inflation and the fear of recession. Higher interest rates are fuelling demand destruction. Russia is offering discounts to non-sanction countries, affecting the price of oil and coal. The price of oil was down sharply following the IEA report on falling demand, combined with the OPEC+ plan to increase ...
Pakistan cement dispatches dwindle in July 2022
Pakistan dispatched a 2.039Mt of cement during July 2022, down 47.7 per cent from 3.899Mt during the same month of the last fiscal year. According to the data released by the APCMA, local cement dispatches by the industry during July 2022 were 1.88Mt compared to 3.44Mt in July 2021, showing a decline of 45.3 per cent. Export dispatches also suffered a massive decrease of 66.1 per cent as ...
Pakistan to report weaker cement dispatches in July 2022
Pakistan's two leading research houses, AHL Research and Topline Securities, while taking account of provisional cement data of July 2022, the first month of the FY22-23, depict a considerable decline in local/export sales due to the Eid holidays, monsoon rains across the country, and a fall in land and sea routes dispatches. However, the All Pakistan Cement Manufacturer Association (APCMA) is...
Song Lam Cement exports 2.28Mt of cement in 1H22
Vietnam-based Song Lam Cement JSC , part of the Vissai Group , exported 2.28Mt of cement in the first half of 2022, according to local media. The Philippines was the largest off-taker of Song Lam cement, importing 713,000t. Other sizeable volumes were bought by China (640,000t) and the USA (628,500t). A further 101,000t was shipped to France and 5000t to Singapore. In terms of productio...
Petcoke discounts higher as coal rises on EU sanctions and petcoke falls as demand-supply eases
By Frank O. Brannvoll, Brannvoll ApS, Denmark Energy markets are kept between higher prices due to supply distress, including strikes in refineries for higher wages and the impact of sanctions on Russia. In addition, pressure from inflation rates at 40-year highs is leading to higher lending interest rates and a potential recession. This will lead to lower demand in the cement and other se...
Carbon price in range with new changes to EU-ETS and increased coal demand supporting prices
By Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices remained as expected inside the uptrend channel of EUR82-95 with high daily volatility. Russian cuts in natural gas deliveries sent gas prices sharply higher, increasing compliance buying for higher coal burn. The EUA has seen new negotiations on the reform to the EU-ETS system all being bullish. The main elements now to be dis...
FY22 ends with mixed export dispatches from Pakistan
The Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for July 2021-June 2022. Both value and quantity of exports plummeted during this period when compared with the equivalent months in FY20-21, apparently due to local and external issues. Pakistan's cement industry in 12MFY21-22 earned US$223.99m of export revenue by dispatching 5.733Mt of cement and clinker...
Energy complex moves in range with petcoke discounts increasing
By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex has moved in range, awaiting the impact of sanctions on Russia and the risk of an economic slowdown. However, the threat of EU sanctions on Russian oil pushed up oil prices in the range of US$105-120, but prices have since fallen back as high inflation and interest rate increases have...
Bangladesh exports rise in FY22
Bangladesh recorded the highest ever export of commodities, including cement, in FY21-22 (July 2021-June 2022). Bangladesh’s cement industry has earned export revenue of US$9.57m in FY21-22, compared to US$7.26m in the year-ago period. This export trend reflects growth of 31.8 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh...
Kaliningrad construction sector suffers from cement sanctions
The restrictions of Russian cement and metals transit to the Kaliningrad region is having an impact on construction in the Russian province. Anton Alikhanov, governor of the Kaliningrad region, said the the transit of building materials such as cement is the most critical for the regional economy. "Cement. This is the most challenging for us at the moment. Metals as well. We started expe...