Cement News tagged under: coal
Coal rallies to 2009 highs – increased demand for petcoke as discounts widening – oil stable17 September 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The euro tested the lower range but remains bound between US$1.17-1.20. Focus on signs of change in the Fed or ECB’s interest policies. Table 1: Prices at a glance Crude oil (US$/bbl) 72.50 Coal API2 – 4Q21 (US$) 163.00 API2 – Cal 2022 (US$) 124.00 API4 – 4Q21 (US$) 156.00 API4 – Cal 2022 (US$) ... |
The increasing trend in coal prices may hit Pakistan’s cement industry17 September 2021, Published under Cement NewsPakistan’s top cement manufacturers termed the growing trend in coal prices detrimental to the county's cement industry. Its negative impact may dent the cement companies' profitability in the second quarter of this year if remedial measures such as an increase in prices of cement bags and relief in other inputs costs are not allowed or eased immediately. The coal prices are hovering around US$170/t this month compared to US$75/t in July last year, reflecting a surge of 127 per cent ... |
Coal handling capacity to increase at Port Qasim13 September 2021, Published under Cement NewsTo coincide with the pace of growth in the cement industry, Pakistan International Bulk Terminal (PIBT) has announced it plans to increase its coal-handling capacity at Port Qasim in Pakistan at a ‘marginal cost’ of up to US$70m over 2-3 years. The increase in demand for imported coal is primarily attributed to economic recovery driven by the relief measures taken by the Government of Pakistan (GOP) to mitigate the effects of COVID-19, which include a favourable package for construction, low... |
Coal rally reaches 2011 highs while petcoke discounts up to 37%27 August 2021, Published under Cement NewsBy Brannvoll Aps, Denmark Following on from ICR’s most recent energy report , the coal rally has now reached levels comparable the highs of 2011, leading to more supply distortions. Petcoke FOB contracts are dragged up close to all-time highs with only a few deals available. Discounts for petcoke FOB (USGC 6.5 per cent, 40 HG/API 4) have increased to 37 per cent. However, freight rates have continued to climb, putting a lid on FOB prices to some extent. Additional context i... |
Sharp coal rally drives petcoke higher to widen discounts – new demand fears and OPEC+ agreement sent oil falling16 August 2021, Published under Cement NewsBy Brannvoll Aps, Denmark The euro is seen in the US$1.17-1.20 range with the US infrastructure package expected to support the dollar in the short-term. As forecast, inflation fears evaporated but the expected turn in commodities did not occur due to continued bottlenecks in the opening economies. Table 1: Prices at a glance Crude oil (US$/bbl) 69.25 Coal API2 – 4Q21 (US$) 132.00 API2 – Cal 2022 (U... |
Pakistan cement producers looking at Afghanistan for coal26 July 2021, Published under Cement NewsDue to a spike in the price of coal imported from overseas countries, cement companies in Pakistan are considering the import of coal from Afghanistan. “Afghan coal is cheaper compared to the coal imported through sea links from other countries including South Africa,” said Taurus Securities analyst Mustajab Ali Kazmi. “Although the quality of Afghan coal is a bit inferior than the one imported from other countries, the companies resort to buying cheaper coal to increase margins.” However... |
CAC supports Ontario's plan to phase out coal use08 December 2020, Published under Cement NewsThe Cement Association of Canada (CAC) has applauded the Honourable Doug Ford, Premier of Ontario, and the Honourable Jeff Yurek, Minister of the Environment, Conservation and Parks, for prioritising support of Ontario industries' efforts to reduce and phase out the use of coal as part of the government's Made-in-Ontario Environment Plan. "Our industry has consistently advocated regulatory measures facilitating the transition from fossil fuels to low or zero carbon fuels from materials... |
APCMA appeals for expeditious handling of imported coal17 November 2020, Published under Cement NewsPakistan's cement manufacturers have appealed to the Prime Minister of Pakistan, Imran Khan, the Minister for Industries and Production, Hammad Azhar, and the Minister for Maritime Affairs, Ali Zaidi, to ensure the smooth expeditious handling of imported raw materials for cement and other industries at the country’s ports at competitive rates. The All Pakistan Cement Manufacturers Association (APCMA) has appealed that coal imports at Port Qasim has become a costly and time-consuming a... |
CemProspects considers important energy markets07 October 2020, Published under Cement NewsAfter moving online this year, CemProspects 2020 began yesterday by looking at energy markets of importance to the cement sector. The first day of the session provided a considerable overview of the coal market. Carlos Alvarez Fernandez, International Energy Agency (IEA), considered the fundamentals and delivered an outlook that noted the considerable effects of the COVID-19 pandemic. Global energy demand is expected to drop six per cent in 2020, which will be the largest fall in 70 years.... |
Bangladesh suspends coal discharge in fear of coronavirus10 March 2020, Published under Cement NewsBangladesh has suspended offloading of imported coal from a foreign flag vessel due to suspicion of coronavirus in crew, at Mongla port in southern Bangladesh last week. According to theport authority the offloading of coal from bulk carrier Serenitas N was stopped on at berth number H- 3 of Mongla Port on 5 March as three sailors of the vessel were taken into an isolation ward for having a body temperature that exceeded the normal range. The vessel had sailed from the Lianyungang port in... |