Cement News tagged under: coal
Energy complex moves in range with petcoke discounts increasing08 July 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex has moved in range, awaiting the impact of sanctions on Russia and the risk of an economic slowdown. However, the threat of EU sanctions on Russian oil pushed up oil prices in the range of US$105-120, but prices have since fallen back as high inflation and interest rate increases have sown considerable doubts on growth going forward. Coal has been stabilising after rising demand w... |
New sanctions push the energy complex higher while Russia offers huge discounts to non-sanction markets, keeping petcoke rise in check21 June 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark New EU oil sanctions against Russia have again moved the energy complex higher, particularly oil and coal, as the EU now has to find new suppliers, leading to increased costs for end users. Moreover, the inflationary fall-out from the Ukraine-Russia war is now seen in all economies. The US Federal Reserve has turned to sharp rate increases and the European Central Bank (ECB) is now expected to start raising rates up to 125bp for the end ... |
Oil prices up while coal and petcoke are stabilising08 June 2022, Published under Cement NewsSince ICR’s most recent energy report , the energy complex is awaiting the impact of sanctions on Russia and the risk of an economic slowdown. Oil prices increased to US$100-115 on the back of the EU’s potential sanctions on Russian oil. Coal is stabilising after rising on demand before the sanctions in August with Russia offering a discount. High-sulphur petcoke (6.5%) 40HGI FOB USGC – historical view 2007-22 Meanwhile, petcoke stabilised on a high discount on current le... |
Potential new EU sanctions lift oil and coal but China lockdowns dampen demand – sharp drop in petcoke prices30 May 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Another month driven by war in Ukraine, imminent EU sanctions pushing energy prices upwards, and central banks raising interest rates on the back of increased inflation pressures. As a result, analysts are fearing a recession with a potential fall in energy demand. However, the EU sanctions against Russia are starting to hurt European countries. In addition, strict COVID-19 lockdowns in China are also dampening domestic demand. As a result, p... |
Energy complex awaits impact of sanctions on Russia29 April 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex remains in range, awaiting the impact of sanctions on Russia. Oil is down on the release of 240mbl from the Strategic Petroleum (SPR) in the US and EIA countries, ranging between US$95-115. EU sanctions on Russian coal from August 2022 are driving coal higher. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22: expected range US$165-200. Resistance at US$... |
Oil falls after considerable release of reserves, coal rallies after EU sanctions and propels petcoke to new highs25 April 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The markets were still firmly driven by any news from Russia’s war on Ukraine: peace talks will lead to a falling market while new sanctions increase upward pressure. The coal markets were extremely impacted by the EU ban on Russian coal imports from August. However, this will create opportunities for cheaper coal in countries not part of the embargo. The euro testing the lower part of the US$1.07-1.12 range is still also reflecting high... |
Serbian cement industry faces fuel challenge22 April 2022, Published under Cement NewsSerbia’s cement industry is being considerably impacted by the Russia-Ukraine war as the sector depends on high-calorie coal imports from both Russia and Ukraine for more than 50 per cent of its fuel requirement. Moreover, the alternative fuels used by the industry are insufficient to safeguard business continuity, particularly in the currently expanding market. The supply chains from Russia and Ukraine have almost stopped, presenting a serious challenge to the industry, according to Associ... |
South Korean producers aim to boost cement production07 April 2022, Published under Cement NewsSouth Korean cement companies have agreed to increased their production by 35 per cent for the next three months to ease concerns over a supply shortage amid the crisis surrounding Ukraine, the industry ministry said. During a meeting with government officials, seven major cement companies agreed to produce a combined 3.77Mt of cement in the 2Q22 up 35.7 per cent from the January-March period, according to the Ministry of Trade, Industry and Energy. The government also plans to provi... |
Petcoke-coal discount returns to neutral zone28 March 2022, Published under Cement NewsSince ICR’s most recent energy report, Russia’s invasion of Ukraine sent shocks into the energy complex. While oil revisited its all-time high of US$140, it has since fallen to US$115/bbl. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 – Expected range US$175-225. Resistance at US$205, 235 and 250 while support to be found at US$175, 155, 115 and 100. Multi-year support. Meanwhile, coal was driven sharply higher on supply fears from Russia with ... |
Russian invasion of Ukraine sends shockwaves into the energy complex with supply fears and sanctions23 March 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Following Russia’s invasion into Ukraine, markets have been experiencing extreme volatility. In less liquid markets, such as petcoke, trade was virtually suspended in the first week after the invasion. Therefore, this report will diverge from its usual format. Table 1: Prices at a glance Crude oil (US$/bbl) 121.00 Coal API2 – 2Q22 (US$) 390.00 API2 – Cal... |