Cement News tagged under: Trading
Turkmenistan targets Russia's Tartarstan for cement exports29 August 2024, Published under Cement NewsFollowing the start-up of two new 1Mta cement plants in Turkmenistan this year, the country's cement industry is now in a position to begin exports. The Lebap plant completed its second line and Baherden Cement also completed its second production line with KHD Humboldt equipment earlier this year. Both plants belong to the state enterprise Turkmen Cement . Turkmenistan's Minister of Finance and Economy, Serdar Jorayev, has announced that his country is looking to supply cement and o... |
Pakistan's July exports have negative trend?27 August 2024, Published under Cement NewsAccording to the Federal Bureau of Statistics (FBS), Pakistan’s cement industry has lesser cement and clinker exports in value and volume terms during the first month of the current financial year, July 2024 (July 2024-June 2025), MoM. The cement industry earned export revenues of US$14.49m by dispatching 403,225t of clinker and cement via land and sea compared to US$29.71m from 905,801 in June 2023. According to FBS, this represents a sharp MoM fall of 51.24 per cent in US dollar terms and ... |
Semen Indonesia International clinker exports to Taiwan up 80%21 August 2024, Published under Cement NewsPT Semen Indonesia International (SII) reported a significant increase in clinker exports to Taiwan in the first half of 2024. Clinker exports to Taiwan reached 0.564Mt, up 80 per cent YoY from 0.314Mt in the 1H23. The increase reflects the growing demand from Taiwan’s construction industry, which is increasingly reliant on Indonesian clinker. SII's President Director, Ridwansyah, stated that the rise in export volume to Taiwan is the result of hard work and collaboration among SIG, PT ... |
Sudden recession fear sends oil and equity markets lower – petcoke now offering higher discounts20 August 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The major equity market decline at the start of August, initiated by an interest rate increase to 0.25 per cent by the Bank of Japan, and followed by weak US employment numbers, suddenly turned the markets into fear of recession. The US Federal Reserve’s (Fed) indication that it will lower interest rates from September was suddenly seen as negative. It seems the market has forgotten that the Fed’s successful strategy to fight inflation is no l... |
Petcoke-coal discounts slip as coal prices drop but freight prices rise05 August 2024, Published under Cement NewsBy Frank O.Brannvoll, Brannvoll ApS, Denmark Petcoke prices have been slightly under pressure from higher freight prices but remain stable. Following a drop in coal prices, discounts have slipped and are back in the inexpensive end of the neutral zone. On 23 July 2024 the discount for 6.5 per cent sulphur petcoke FOB sold at US$64 is 52 per cent when compared with API4 coal sold at US$106 in the 3Q24. The CIF ARA 6.5 per cent petcoke contract sold at US$89 is at a discount of 34 per cen... |
Pakistan's bagged cement export revenue reaches US$266.51m in FY23-2425 July 2024, Published under Cement NewsPakistan’s cement and clinker exports increased by 40.4 per cent to US$266.51m in the FY23-24 (July 2023-June 2024), from US$189.87m in the FY22-23, according to Pakistan Bureau of Statistics (PBS) data. In Pakistani rupee terms, export revenue saw a significant growth of 57.8 per cent to PKR75.46bn during the period, sustained by the local currency’s stable competitive rates against the US dollar, improving margin in the international market against a lull in domestic demand. Export volumes... |
Nepal’s cement and clinker export triple to NPR3.85bn24 July 2024, Published under Cement NewsCement and clinker exports from Nepal tripled to NPR3.85bn (US$28.7m) in FY23-24 when compared with exports in the previous year. According to Department of Customs data export earnings from cement were NPR1.97bn and those from clinker were NPR1.88bn. The surge has been attributed to the introduction of an eight per cent cash incentive on the export of mine-based products by the government. The Nepal Trade Integration Strategy (NTIS) 2023 identified cement as one of the potential export... |
Carbon market recovers from steep decline, supported by speculative buying and European and French election outcomes22 July 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The political influence in the EU ETS market was underlined during June, where the market fell sharply up to the 9 June parliamentary election. The market recovered towards EUR70 as the result materialised, and the fear of a major shift to the right vanished as the centre right parties of the EP kept a majority and the re-election of Van der Leyen as head of the Commission. The belief is that the green transition will not be rolled back but wi... |
Oil higher on positive demand forecasts and geopolitical risk while coal and petcoke lower19 July 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Political risk and central banks were key in energy developments in the June-start of July period. The European Central Bank (ECB) and US Federal Reserve (Fed) both restated that interest rate cuts depend on the inflation rate nearing two per cent. The ECB hinted at two more rate cuts and the FED at possibly one. The centre-left election results in the UK and France, along with the European Parliament election results, calmed the market aft... |
Cochin Port opens fourth terminal15 July 2024, Published under Cement NewsA new cement terminal has entered operation on a 1.14ha plot at Ernakulam Wharf, Kerala, India. The Cochin Port Trust launched the port’s fourth terminal, which is expected to handle 0.3Mta of cement. The first vessel to enter the terminal was the Penna Suraksha, the largest self-discharge vessel in Asia with a discharge capacity of 1000tph. The 25,000t cargo from Krishnapatnam will be bagged at Penna Cement Industries’ plant at the port. |