Cement News tagged under: coal prices
Energy crisis - plant closure warning09 September 2022, Published under Cement NewsCEMBUREAU this week called for urgent action at a European and national level to help tackle the rising cost of energy, which it warns “will lead to widespread plant closures across the EU, creating a crisis in the construction supply chain.” Some EU member states have seen their electricity prices increase 10-fold compared to last year. According to CEMBUREAU, 1t of cement requires around 110kwh of electricity to produce. With electricity prices now between EUR700-1000mwh in several EU memb... |
Malaysian raw material costs push up cement prices23 March 2022, Published under Cement NewsThe current cement price in Malaysia has been hiked due to increases in the cost of raw materials, especially coal in the international market, says Sharuddin Omar Hashim, Cement Industries of Malaysia Berhad (CIMA) . Coal prices have escalated by 30-40 per cent of the cost of cement production, which has necessitated the final product price rises. "Coal prices were previously in the range of US$60/t to US$70/t, but have now increased to US$200/t and could possibly reach up to US$400/... |
Türkçimento rings alarm over coal price rise due to Ukraine war04 March 2022, Published under Cement NewsCoal prices in Turkey have seen a more than 50 per cent hike in the past week due to the Russian invasion into Ukraine, according to Volkan Bozay, chair of Turkey’s cement association, Türkçimento. He warned that the domestic cement industry faced an “imminent crisis”. “Cement companies imported 5Mt of coal last year and Russia was the main supplier. Each US$10 increase in coal prices pushes the cost for cement production up by around US$1.50,” he said, adding that in the past week, the ri... |
Pakistan cement companies show significant profits during 2QFY2002 March 2021, Published under Cement NewsPakistan’s top cement manufacturers recorded significant profitability with improved margins during the last quarter of 2020. The experts believe this trend is likely to continue in reaming quarters of the ongoing financial year. According to an analyst of Spectrum Securities Ltd, the cement sector’s profitability continued in 2QFY21 as the bottom line of the 13 companies on the Pakistan Stock Exchange (PSX) posted profits to the tune of PKR11bn (US$69.7m) as compared to PAT of PKR5bn in... |
Coal prices on Pakistan may affect profitability08 June 2018, Published under Cement NewsThe increase in coal prices is likely to affect the margin of cement companies in Pakistan, particularly those who have captive power plants based on imported coal. According to Research House report, the demands for coal may vary subject to international factors in coming months. International coal prices posted a surge of 34 per cent during FY18 to date mainly due to production constraints, low inventory levels and strong demand (spurred by cold weather) in China. Currently coal (Richa... |
Pakistan cement producers face higher coal prices20 November 2017, Published under Cement NewsRising coal prices are presenting a risk to profit margins of cement manufactures in Pakistan. According to a local research house report, coal prices in the global markets have been on an upward trend (up 18 per cent from last July), after touching a trough at US$40/t on 16 February. It is expected that this sustained rise in coal prices will increase the cost of cement production in the short-term. Major contributory factors to the higher coal prices include China's imposition to cut p... |
Coal price set to fall over the next two years03 April 2017, Published under Cement NewsNewcastle coal prices hit a five-year high in November, climbing from US$49/t at the start of 2016 to US$115/t in November, but fell quickly to their current level of US$80/t. The main driver in these fluctuations is China’s supply management policy rather than the new administration in the US. The Chinese government has cut coal production to boost prices and safeguard coal mining jobs. However, as the country eased supply restrictions in response to increasing prices but temporary, safety ... |
Pakistan: increased coal prices concern APCMA21 November 2016, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has voiced its concern regarding steep increases in coal prices, which in turn is impacting the cost of cement production. Coal prices have increased from US$54/t in May 2016 to US$105/t. With coal constituting more than 30 per cent of total production cost, cement manufacturers’ have witnessed a significant decline in profits. The price of coal has gradually increased since May 2016 when China imposed supplyside measures to limit ... |
Lucky Cement's profits up 9.3%02 September 2016, Published under Cement NewsAs a result of an increase in turnover, Lucky Cement's full year profits increased by 9.3 per cent. The company reported earnings of PKR16.15bn (US$154.67m) compared to PKR14.78bn for the same period last year. These results are in line with the market expectations. Net sales were recorded at PKR98.65bn, compared to PKR96.47bn last year, and cost of production fell from PKR56.43bn to PKR54.24bn. A gross profit of PKR27.9bn was recorded, an 8.6 per cent increase from PKR25.68bn in the pre... |
Page
1
of
1
1