Cement News tagged under: Energy
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... |
Ecocem joins new European Cleantech Scale-up Coalition28 October 2022, Published under Cement NewsEcocem has joined seven other leading European cleantech companies on 24 October to announce the formation of a new Cleantech Scale-up Coalition to support Europe in becoming climate neutral, energy autonomous and industrially competitive. The coalition is supported by Breakthrough Energy, founded by Bill Gates, and European Commissioner for Energy, Kadri Simson. “Europe is facing an energy crisis and the threat of climate change. The solution must be a clean energy transition. We need ... |
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... |
No back tracking on Europe's Green Deal14 October 2022, Published under Cement NewsThe introduction of the Carbon Border Adjustment Mechanism (CBAM), energy price rises and implementation of carbon capture, utilisation and storage (CCUS) across Europe have heightened fears that the Green Deal may become harder to see out for EU countries. Discussions may well move some of the pricing for taxes and levies, but the European Commission is clear that there will be no backtracking on its environmental commitments to reduce greenhouse gas emissions by at least 55 per cent by 203... |
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... |
Oil down but coal rising again as gas prices advance02 September 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex is falling, led by oil, more interest hikes and the fear of recession. Oil prices are down due to lower demand expectations and a small increase in output by OPEC+. Meanwhile, the price of coal is rising again, driven by higher gas prices. API 4 coal costs now US$340. Russia continues to offer large discounts to non-sanction countries. High-quality coal is in demand in Europe, Colom... |