Cement News tagged: Trading
PPC calls for SA government action on cement dumping
PPC has urged South Africa’s government to investigate “cement dumping” by countries such as Vietnam. It believes that the survival of the local cement industry may be under threat if the practice is left unchecked. PPC CEO Roland van Wijnen said that the Department of Trade, Industry and Competition should also consider broad import tariffs for cement to avoid new countries dumping cement a...
UltraTech Cement pays for Russian coal shipment in yuan
UltraTech Cement has reportedly paid for a shipment of Russian coal in Chinese yuan, raising questions over whether this will now become the norm. The cement producer is importing 157,000t of coal from Russian company SUEK at a value of CNY172.65m (US$25.8m). The coal was loaded onto the bulk carrier MV Mangas in the Russian port of Vanino and is currently at anchor near the port of Kandla, re...
Lafarge Cement Zimbabwe to increase exports
Lafarge Cement Zimbabwe made its first exports to Malawi and is expecting to build on the shipment to increase exports from Zimbabwe. “Because of our significant capacity, which is first of all oversized for the domestic market, growing demand in the region for this type of products, we are looking at, especially, (export) markets like Zambia and Malawi,” said CEO Geoffrey Ndugwa. “We just...
CEMBUREAU asks for speedy CBAM implementation
The European cement association CEMBUREAU has welcomed the adoption of the European Parliament reports on the EU Emission Trading Scheme (ETS) and the EU Carbon Border Adjustment Mechanism (CBAM) but states that timely implementation of CBAM is key to support the sector’s transition to carbon neutrality. "Our sector needs a coherent and predictable regulatory framework to deliver on its car...
Price in uptrend, volatile carbon market driven by political statements of changes to EU-ETS
By 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, ...
New sanctions push the energy complex higher while Russia offers huge discounts to non-sanction markets, keeping petcoke rise in check
By 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...
Cement exports from Pakistan show a mixed trend
Pakistan'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 ...
DG Khan set for US exports
Pakistan-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 ...
Cembureau calls MEPs to secure a timely ETS and CBAM agreement
C 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 impro...
Oil prices up while coal and petcoke are stabilising
Since 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 US...
High cost of manufacturing influences cement dispatches in May 2022
Topline 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 skyrocke...
Vietnam continues to dominate imports in the Philippines
Vietnam’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 ...
Ecuador completes first cement export contract
Ecuador 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...
UK secondary fuels market to stabilise in 2022
Exports 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...
Carbon prices rise due to increased coal demand – speculators return to the market
By Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices rose above EUR85 as increased compliance buying was seen due to a sharp upturn of coal-fired power generation in the EU, resulting in an estimated 60Mt of additional emissions. The demand was three times higher than the auctioned amounts in the latest auction, significantly supporting the exchange traded market. The speculat...
Bangladesh sees 22% increase in cement export revenue
Bangladesh has reported a 21.79 per cent YoY increase in revenue from cement exports in the 10MFY21-22 (July 2021-April 2022). Revenue for the period came in at US$7.77m, compared to US$6.38m in the same period a year earlier. This figure also includes minor quantities of salt, stone and other related products, according to the Bangladesh Export Promotion Bureau (EPB) data. During the last...