Cement News tagged under: coal
ECB lowers interest rate while reduced OPEC+ production cuts send oil lower – China discusses ban on >3% sulphur petcoke26 June 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitical risk premiums slowly vanished and need new events to return. Meanwhile, at the start of June, the focus turned towards OPEC and the central banks. The European Central Bank (ECB) delivered its first cut of 0.25 per cent since 2019, giving equities a boost. However, the US Federal Reserve is still seen on hold until at least September. And further cuts from ECB are expected to be ~0.5 per cent more but fully depend on inflation... |
China's coal reliance remains a threat to decarbonisation targets14 June 2024, Published under Cement NewsThe rate at which China reduces its CO2 emissions will have a huge impact on whether the world achieves Net Zero before the worst effects of climate change. This week's announcement that CO2 reduction targets from the cement sector will be cut in China by around 13Mt, in the next year, is a definite signal to the world that China is beginning its shift to a low-carbon economy. Reaching peak carbon output before 2030 will keep the country with the largest cement production on course for carbo... |
Whangarei plant to be coal free by 203003 June 2024, Published under Cement NewsFletcher Building’s Golden Bay company is revolutionising the cement industry at its Portland cement plant near Whangarei by replacing up to 60 per cent of coal with old tyres and treated timber, aiming to be coal-free by 2030. Using 30,000t tyres annually, New Zealand's Whangarei plant has saved 100,000t of waste from landfills and next, they plan to replace more coal with non-recyclable materials like old carpet and plastic. “Golden Bay's efforts are setting a benchmark for low-car... |
Petcoke discount continues to offer good potential03 June 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Coal prices stabilised after their fall in early May as geopolitical developments as well as higher oil and gas prices played their part. The petcoke FOB price trended lower on weak demand and ample supply, testing the low 60s. On FOB and ARA basis, the petcoke discount remains in the cheap zone and offers good potential. On 20 May 2024 the discount for 6.5 per cent sulphur petcoke FOB sold at US$62.50 is 55 per cent when compared with API... |
Venezuelan sanctions reimposed, Russia pauses coal export fee, while petcoke discount remains attractive20 May 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The war premium and geopolitical tensions eased during April and the energy market’s focus has again shifted towards the demand factor in the energy complex. Oil has retraced together with coal and gas. IMF has adjusted up the expected global GDP growth to 3.2 per cent, but both the US Federal Reserve (Fed) and European Central Bank (ECB) have repeated the mantra “higher for longer” due to developing inflation of above two per cent, especially... |
PIBTL handled 5,366,521t of cargo in 9MFY23-2414 May 2024, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBTL) recently announced its 9MFY23-24 financial statements for 31 March 2024, on the Pakistan Stock Exchange (PSE) website, followed by a detailed report. During the period, the demand for coal imports has revived, primarily due to measures for economic stabilisation undertaken by the government, such as lifting import restrictions, economic stability stimulated by the strengthening of Pakistani rupee against the US dollar, and increased economi... |
Petcoke discount remains in cheap zone with good potential03 May 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Coal moved higher on the back of geopolitical tensions and was supported by oil and gas prices. Petcoke FOB picked up slightly from last month’s price but is trapped in the high US$60s. Discounts increased and petcoke increased from lows at US$62. On FOB and ARA bases, the petcoke discount remains in the cheap zone and offers good potential. The discount on ARA rose to cheap petcoke on increasing API2 and falling petcoke with freight USGC ARA ... |
Oil rallies above US$90, coal and petcoke dragged higher as geopolitical tensions increase26 April 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitics once again dominated the energy complex. Fear of the Gaza conflict spreading towards Lebanon and Iran added a risk premium to oil, driving it above US$90. The US Federal Reserve and the European Central Bank have both claimed that interest rates will not come down before inflation clearly shows movement towards the two per cent benchmark. In combination with high employment and GDP figures, this has lowered prospects for lower i... |
OPEC+ agreement and new sanctions support oil, coal rising from support levels and increasing petcoke discount26 March 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation is still playing a crucial role, as it remains stubborn and both the US Federal Reserve and the European Central Bank are warning the markets that rates will not be cut in the speed expected last year until the two per cent targets are visible. This in combination with lower Chinese activity has rewoken the demand fear and threatened to send oil and other energy commodities lower. However, geopolitical tensions and renewed sanctions... |
Pakistan cement industry exhibits record quarterly profit in 2QFY23-2408 March 2024, Published under Cement NewsPakistan's listed cement sector reported record earnings of PKR22.4bn (US$58.18m), up eight per cent YoY in the 2QFY23-24. This earnings growth is primarily due to higher gross margins and other income. Major contributors to the profitability of the cement sector in the 2QFY23-24 were Lucky Cement (LUCK), followed by Bestway Cement (BWCL) and Fauji Cement (FCCL), according to Topline Pakistan Research, Analysts believe these achievements were made despite a fall in cement dispatches. ... |