Cement News tagged under: natural gas
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... |
Iran's cement industry to prepare alternatives amid fuel shortage03 November 2021, Published under Cement NewsIran is facing the prospect of power shortages amid an insufficient supply of natural gas, according to Trend News. As a result, cement plants are expected to store mazut as an alternative fuel over the next few days, says the secretary of the Cement Industry Association, Abdolreza Sheikhan. Mr Sheikhan also noted that an electricity outage during the summer had previously led to a cement shortage in the market and an increase in prices. Therefore, he expressed concern about the prospect ... |
ECEBOL signs contract for natural gas supply08 April 2021, Published under Cement NewsECEBOL's new plant in Potosí, Bolivia, is expected to be supplied with natural gas by Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) through an 8km pipeline that will connect YPFB’s Transporte system with the cement factory. ECEBOL and YPFB signed a contract guaranteeing the supply of 11.9MMcf of natural gas per day, which will be used to produce cement and clinker that will supply national and international demand. "We have been making progress with the connections to the differen... |
Holcim contracts YPF as fuel supplier11 November 2020, Published under Cement NewsYPF signed an agreement to supply natural gas and petcoke to Holcim’s plants in Malagueño (Córdoba), Campana (Buenos Aires province), Capdeville (Mendoza) and Puesto Viejo (Jujuy), Argentina. The duration of the agreement is two years and will supply all of Holcim Argentina’s natural gas and petcoke supplies, according to CE Noticias Financieras. In 2019 Holcim signed an agreement with YPF Luz with the latter supplying wind power from the Los Teros facility in Azul, Buenos Aires province. ... |
Bolivian cement projects not guaranteed gas supply12 February 2020, Published under Cement NewsThe provision of gas for the operation of Fancesa’s new Sucre line and Ecebol’s Potosí facility in Bolivia is not guaranteed. However, the Bolivian government has announced that mechanisms will be sought to implement a pipeline and pumping plant that allows the new line in Sucre as well as ECEBOL’s new Potosí works to operate successfully. “Unfortunately, Fancesa knew the limitations before investing. The capacity of the pipeline was known and it was known that it was saturated. But now w... |
Keystone Cement to switch to natural gas22 July 2019, Published under Cement NewsUSA-based Keystone Cement has announced that its application for a US$320,950 state grant to extend a natural gas line to its plant in East Allen Township, Pennsylvania, has been approved. The company is looking to phase out coal in favour of natural gas as its primary fuel source, according to The Express Times. "The gas line will fuel the Portland cement rotary dry-process kiln and the preheater tower manufacturing equipment," stated the Pennsylvania Department of Community and Economic D... |
Gas price hike to raise Bangladeshi cement prices27 February 2017, Published under Cement NewsFollowing a hike in gas prices by Bangladesh Energy Regulatory Commission, a rise in the production cost and sales price of cement is expected in the country. The gas price for captive power and industrial sector has been increased by 15 per cent and 15.13 per cent, respectively, to be imposed in two phases between March and June this year. Local businessmen and experts were of view that it would impact the economy and argued that it is not the permanent solution to mitigate the gas cr... |
Average oil price in 2017 to hover around US$61/bbl, gas at US$3.50/mBtu13 December 2016, Published under Cement NewsBrent oil is expected to average US$61/bbl in 2017, peaking at US$70/bbl during the US driving season while WTI’s average is forecast at around US$59/bbl, according to the latest report by Bank of America Merrill Lynch (BoAML). This follows last week’s OPEC announcement to cut crude production by 1.2Mbpd with non-OPEC producers supplying an extra 0.6Mbpd. “This joint curb is a first since 1998 and in our view marks a clear turning point. It will likely tighten global oil market balances a... |
Natural gas price to rise but thermal coal to fall in 201727 September 2016, Published under Cement NewsGlobal oil production fell in 2Q16 as the decline in no-OPEC fields is no longer offset by OPEC growth but is expected to remain largely unchanged in 2017, particularly has there has been no double-digit growth in new investments. Demand in 2017 is forecast to grow by 1.2mbd, resulting in a Brent price of US$61/bbl, according to Bank of America Merrill Lynch (BoAML). Natural gas prices fell in 2016 to US$2.30/mBtu on the back of muted demand and falling US output. However, going forward, B... |