Cement News tagged under: coal
Energy demand drops, lowering oil, gas and coal prices with petcoke discounts back in neutral26 January 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The central banks continued interest rate hikes with 0.50 per cent in December, promising more to come. This has led to greater expectations of recession and falling demand, and in combination with thin trading in December, the overall energy index has fallen. The EU has introduced windfall profits on power producers and maximum gas prices. In Europe the winter has also been unusually warm for December and January, lowering heating demand. ... |
Winter and sanctions lifts coal and gas in Europe – petcoke discounts attractive again as petcoke drops slightly18 January 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation remains high and central banks continue to increase interest rates albeit at a slower pace. This has now led to widespread expectations of recession not only in the EU, which is hurt by energy sanctions, but also in the US as its Federal Reserve maintains a very aggressive stance. The oil market has fallen below US$80, but is decoupled from the gas and coal markets, which are disrupted by the energy sanctions on Russia. The inc... |
India's NCR cement plants to desist from using unapproved fuels02 January 2023, Published under Cement NewsThe Indian National Capital Region’s (NCR) Commission for Air Quality Management has reminded all industrial and other sectors not to use unapproved fuels, including coal, from 1 January 2023 or face immediate closure with heavy fines. The legislation aims to completely eliminate the use of coal and other unapproved fuels in the entire NCR. In terms of cement plants, Direction No. 65 of the commission enables NCR-based production facilities to use biomass, agricultural refuse and pellets an... |
Energy complex under interest rate pressure – coal falls sharply on lower demand while petcoke stable and discount neutral20 December 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Leading central banks raised rates again by 0.75 per cent, with promises of more to come as inflation is persistent as sanctions are still keeping energy prices artificially high in Europe. The EU has not agreed on any common measures as these are very hard to introduce in a free market. However, the threat of demand destruction combined with a warm start to the winter has put pressure on the overall energy complex. Gas prices have been ... |
Petcoke prices stable with lower discounts02 December 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, coal prices are rising due to supply disruptions and a colder winter in Europe. Russian discounts are still in place but reflect the rising costs of Russian producers. Oil is falling on fears of a new Chinese lockdown and demand destruction in the EU leading to lower growth. Steam coal and petcoke prices FOB Petcoke prices are stable as buyers from China and India are on hold, and discounts ... |
Energy complex under interest rate pressure – coal falls sharply on lower demand while petcoke stable and discount neutral25 November 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Leading central banks raised rates again by 0.75 per cent, with promises of more to come as inflation is persistent as sanctions are still keeping energy prices artificially high in Europe. The EU has not agreed on any common measures as these are very hard to introduce in a free market. However, the threat of demand destruction combined with a warm start to the winter has put pressure on the overall energy complex. Gas prices have been fal... |
Energy complex falls on slower economies and EU stock refill11 November 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, the energy complex is falling as higher yields slow economies and EU purchases have slowed following full stocks. Russia’s continued discounts on coal see prices slip with API4 coal now trading at US$238. Oil is stabilising above US$90 after OPEC+ cut supply by 2mbpd. In Europe gas prices have been slipping as reservoirs are being filled and the weather stays warm. Steam coal and petcoke prices FOB... |
Coal and gas lower, while petcoke continues upwards, driven by demand from India and China25 October 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The same geopolitical factors as last month are dominating the energy markets. The persistently-high inflation is driving the agendas of the central banks with higher interest rates, stating they will push even harder despite a looming recession. As industry and citizens save energy due to the high prices, demand in many markets is contracting sharply. Politicians are trying to introduce different measures in the EU to curb prices with wind... |
Petcoke stops fall12 October 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, the energy markets are fearing an upcoming recession due to higher rates to curb inflation. Oil has fallen below US$90 despite OPEC+ decreasing output. Moreover, coal prices are also dropping despite European demand. API4 is currently at US$295. Meanwhile, Russia is offering large discounts, but the market continues to be driven by recession fears. Steam coal & petcoke prices FOB Petcoke pric... |
Oil falling below US$90, coal and gas surge to new highs – petcoke may resume upward curve, but still buyers’ market29 September 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The perfect storm has hit European energy end users, as EU sanctions against Russian energy exports are now backfiring in terms of prices and supply security. The EU is currently working on different packages to curb prices, but this will be extremely challenging if a free and market-based price structure is wanted. At the same time, drought and a reduction in nuclear power generation is adding to the severe supply situation as gas prices have... |