Cement News tagged under: coal
Pakistan cement producers turn to Afghan coal14 March 2022, Published under Cement NewsCement factories in north Pakistan have mostly switched to using a mix of coal sourced from Afghanistan and other countries as record-high world markets are making imports too expensive for the sector to maintain its profitability. Northern players are currently using 70 per cent Afghan coal and are considering adding 20 per cent more local coal to the mix, reports The News International. “Afghan coal gave a sufficient buffer to cement companies that gave them room to keep their margin... |
Energy complex sees uplift on Ukraine-Russia conflict, but discounts are stable24 February 2022, Published under Cement NewsSince ICR’s most recent energy report , Russia’s recognition of the Donbas region in Ukraine and military move into it are lifting the energy complex. As no war has broken out at the time of writing, medium effects depend on political sanctions and the respect of borders. In the short term, oil is close to US$100. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 As coal pushes higher, petcoke prices are increasing. Discounts are stable in neutral zones. Th... |
Geopolitical risk drives entire energy complex higher with oil at 8-year peak and coal supporting petcoke prices19 February 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The euro rose sharply from US$1.1150 to US$1.1450 after the European Central Bank hinted that rate hikes were on the way, based on fear of higher inflation numbers. However, while it is expected to remain in the range of US$1.115-1.1600, volatility could arise depending on the geopolitical outcome after tensions increased when Russian troops amassed near the Ukrainian border, favouring a stronger US dollar. The Turkish lira stabilised be... |
Ukraine-Russia tension lifts oil, gas and coal prices while petcoke discounts improve rapidly04 February 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the geopolitical risk relating to Ukraine-Russia tension has lifted oil, gas and coal prices. The Indonesian exports, which results in taking out 25Mt of coal from the export market. In China prices continue to settle under the maximum level set by the NDRC. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22 With coal prices higher again, petcoke is seen stabilising with ... |
Oil back to US$80 while Indonesian export ban supports coal – petcoke steady in low December trading27 January 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The euro was stable between US$1.12-1.14 despite the US Federal Reserve focussing on higher yields in 2022. A range of US$1.12-1.16 can be expected in the next few months, still looking towards US$1.18 later in the year. The Turkish lira collapsed to TRY18.40, before new strict curbs forced it back to TRY10.50. Still under pressure from negative real interest, the lira has softened to TRY13.80. Table 1: Prices at a glance ... |
Rudnik Uglja to switch to cement production13 January 2022, Published under Cement NewsMontenegro-based coal mining company Rudnik Uglja has said it will phase out its coal mining activities and switch to cement production. To achieve this change, which is in line with its plant to reduce greenhouse gas emissions, the company is looking into a strategic partnership. |
Coal stabilising while petcoke continues lower30 December 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the price of coal has stabilised and started to move higher after sharp falls in November. China is still keeping a lid on prices, but as prices of gas in Europe are moving higher, new use of coal is dragged up. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2005-21 Meanwhile, petcoke continues lower but is slow based on indexation. Discounts are back, increasing the demand f... |
After sharp falls in oil and coal, Omicron fears fading – petcoke down but with coal slowly higher, discounts return to positive17 December 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The euro broke lower due to hawkish talk from the US Federal Reserve of higher yields in 2022. There is a range of US$1.12-1.16 expected in 2022, but the euro is likely move towards US$1.18. The Turkish lira saw a 47 per cent collapse from TRY9.75 to TRY14.40 in four weeks due to the new policy of negative real rates, making fuels substantially more expensive for Turkish cement makers. Table 1: Prices at a glance ... |
Indian cement demand likely to rise as rains recede06 December 2021, Published under Cement NewsHeavy rains in Tamil Nadu, Kerala, Andhra Pradesh and parts of Maharashtra dragged down cement volumes across sectors at the start of the peak season for the industry which runs from October until May, but c ement companies expect demand and consumption to pick up from December as the rains fade. "Slowly demand is coming back to normal across all sectors. In a week or so we may even see pent-up demand coming back," said M Ravinder Reddy, director at Bharathi Cement told the Business... |
Petcoke prices fall while coal sees upward movement23 November 2021, Published under Cement NewsFollowing on from ICR’s most recent energy report , the price of Brent oil fell to US$78.50. The API2 1Q22 contract edged up to US$129.00 while the API4 1Q22 price increased to US125.00. Petcoke prices are finally moving down but this is slow based on indexation. The price of 6.5 per cent sulphur petcoke USGC FOB declined from US$154.00 to US$148.00 while the CFR ARA price fell from US$188.00 to US$176.50. Steam coal and petcoke FOB prices - historical view 2005-21 Coal switc... |