Cement News tagged under: Trading
EUA falls sharply pressured by gas and coal prices03 July 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The EUA price saw a sharp drop below EUR80/t to major support at EUR77/t, pressured by lower gas and coal prices. After compliance buying ended in April, investment funds now have the largest short position since 2018. Following a new round of cuts by OPEC+, gas and oil prices lifted. While there has no political news, the market expects a tightening of the EU’s carbon reduction target to 75 per cent in 2040, replacing the current target... |
OPEC+ actions lift oil and the energy complex – coal and petcoke fall to 2020 levels on lower demand30 June 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The markets are still caught in the fear that higher interest rates to fight inflation could start a recession and see demand fall. The market expects both the US Federal Reserve and European Central Bank to increase rates but at a slower rate to enable current levels to take effect. The US debt ceiling agreement reduced market fears and saw equities rise. Geopolitical tensions are looking towards Taiwan where US and Chinese navies are conduct... |
Provisional dispatches data show a mixed trend in June 202326 June 2023, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) is yet to release overseas and local cement dispatch data. Local cement sales are expected to grow by two per cent MoM in June 2023, but down 16 per cent YoY in the FY22-23 (July 2022-June 2023), according to a local research house. Topline Securities said Pakistan’s total cement sales in June 2023 are expected to increase by two per cent MoM, reaching 4Mt. Similarly, local dispatches are also anticipated to rise by two per cent... |
Lafarge Algeria increases cement exports in 1H2326 June 2023, Published under Cement NewsLafarge Algeria ( Holcim ) has announced improved export results for the 1H23. Thanks to the support of the Algerian authorities and close collaboration with its partners, Lafarge Algeria exported nearly 1.7Mt of products, 39 per cent of which were 'cement' finished products valuing more than US$80m. Volumes were helped by the start up of the automatic shiploader at Djenden Port, with 18,000tpd capacity. |
Pakistan cement exports continue mixed trend in 11MFY22-2321 June 2023, Published under Cement NewsThe cement industry in Pakistan continued to experience a mixed picture in export revenue during the first 11 months of the current financial year, which runs from July 2022 to June 2023. While the income earned in US dollars decreased, the Pakistani rupee improved due to the currency's devaluation. BMA Capital, in a research report on the cement industry, commented that the prospect of exports serving as a viable solution for new cement capacities appears reasonable. Analysts anticipate ... |
Coal ash laden vessel sinks in Bangladesh21 June 2023, Published under Cement NewsChittagong Port of Bangladesh has reported that a local vessel carrying coal ash for cement and other industries sank in the Alpha Anchorage area of the port on 14 June. According to local sources, the MV Delower Al Bahar, carrying 800t of coal ash, sank due to hostile weather in the outer anchorage of the Chattogram port. Bangladesh Inland Water Transport Authority officials said the vessel sank after its floor ruptured with crew on board the lighter ship jumping into the sea when it sta... |
Pakistan's cement industry faces significant challenges12 June 2023, Published under Cement NewsOn 9 June the State Bank of Pakistan (SBP) released the “Pakistan Economic Survey FY23”, critically reviewing all sector performance, including the cement sector in 9MFY22-23 and the remaining months of FY22-23. While commenting, Topline Pakistan Research said the outgoing year was one of the worst periods in Pakistan’s recent economic history. Pakistan’s GDP growth is provisionally estimated at 0.3 per cent for FY22-23 as against the target of five per cent for FY22-23 and 6.1 pe... |
Lucky Cement urges govt to take export measures07 June 2023, Published under Cement NewsPakistan's business tycoons and economic experts, including the cement industry conglomerate Lucky Cement, have suggested a media debate on the forthcoming federal budget 24, to be presented in parliament on 11 June 2023. The country aims to apply for another International Monetary Fund (IMF) programme to fulfil its growing foreign debt repayment issues and other liabilities. Recall that the IMF has not yet released the US$1.1bn loan tranche, originally due in November 2022. This altoget... |
Bangladesh cement exports surpassed export in 11MF22-2307 June 2023, Published under Cement NewsBangladesh has reported 43.9 per cent YoY growth in cement export revenue to US$12.52m in the first 11MFY22-23 (July 2022-May 2023). This compares to US$8.7m in the same period a year earlier. The value of the target set for this period also saw a hefty growth of 26 per cent. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries. For the full F... |
APCMA reports 19% increase in cement dispatches in May 202305 June 2023, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) released more encouraging data for May 2023 than in the previous month of April, which was overshadowed by the season break during Ramadan. The cement representative body is salient about the upward trend. The rise in dispatches has been attributed to increased export and local buying before the announcement of the federal budget as a precaution against measures that would put upward pressure on prices. In addition, falling coal pric... |