Cement News tagged under: petcoke
Coal prices remain stable but petcoke slides05 November 2024, Published under Cement NewsCoal prices remained steady at around US$110-120, seeking support from oil, which recovered to US$80/bbl but has since slipped to US$75/bbl. Support from OPEC+, along with a US Federal Reserve rate cut, is supporting demand. Petcoke is under pressure from Chinese ban. As petcoke prices slide, the discount when compared with coal is very high, close to an all-time high. On 22 October 2024 the discount for 6.5 per cent sulphur petcoke FOB sold at US$50 is 66 per cent when compared with API4... |
OPEC+ struggles to support oil as petcoke offers tempting discounts28 October 2024, Published under Cement NewsIn a market dominated by geopolitical news from the Middle East (Israel–Hezbollah–Gaza) and a new nuclear doctrine from Russia, which puts the next steps in the war in Ukraine in a new perspective, the energy complex has been resilient and moved lower. However, the US Federal Reserve’s interest rate cut of 0.5 per cent following the 0.25 per cent one by the European Central Bank eased the markets. Furthermore, China published a new stimulus plan and interest cuts, which added support, es... |
USG Supramax/Ultramax freight market25 October 2024, Published under Cement NewsThe USG Supramax/Ultramax freight markets were active throughout the month due to a lively demand, especially on transatlantic routes. The tonnage list was getting tighter as coal and grain cargoes were hitting the market. Overall, the market fundamentals felt stronger with plenty of cargoes surfacing and rates moving up on all routes. Freight rates for transportation of a Supramax-lot of petcoke from Houston to ARA ports with spot laycans are at US$25.50/t on average. Deals for delivery ... |
Discounts high as petcoke slides02 October 2024, Published under Cement NewsOil prices recovered to US$74.50/bbl from US$70 on 20 September 2024, supported by OPEC+ and the US Federal Reserve’s interest rate cut. Coal fell on lower oil prices while gas remained in the US$105-120 range. Meanwhile, petcoke was under pressure from China’s potential ban and as petcoke slides, discounts are very high. On 20 September 2024 the discount for 6.5 per cent sulphur petcoke FOB sold at US$51 is 62 per cent when compared with API4 coal sold at US$107 in the 4Q24. The CIF ARA ... |
USG Supramax/Ultramax market stabilised and rising after falling during last month30 September 2024, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax/Ultramax freight market was holding largely throughout the month. The rates fell mid-month as tonnage count in the region was rising very fast while there were only a few cargoes entering the market. However, the rates stabilised quickly as more petcoke cargoes appeared for spot dates on transatlantic and front-haul routes. Freight rates for transportation of a Supramax-lot of petcoke from Houston to ARA ports with spot laycans are at US$23... |
Energy Index driven lower by oil – petcoke below US$60 with high discount offer23 September 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitics still dominate the markets. Financial markets expect the US Federal Reserve to deliver a 0.25 per cent cut in mid-September and a further 0.25 per cent before the US presidential elections. This could be followed by the European Central Bank and seen as the trend for 2025. The focus remains on inflation, which now is falling in both US and EU. Meanwhile, in the Middle East tension has somewhat calmed, however, high levels of tensio... |
Supramax freight rates held at high levels, as demand/supply ratio balanced itself23 August 2024, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax spot freight market remained firm as demand stayed healthy, especially for transatlantic trips. Closer to the end of the month, rates stabilised as the region appeared quite balanced. Despite the demand/supply equilibrium, the sentiment turned somehow uncertain, but rates maintained the achieved levels. upramax freight rates for petcoke from Houston, USA, March 2019-September 2024 Freight rates for transportation of a Supramax-lot... |
Sudden recession fear sends oil and equity markets lower – petcoke now offering higher discounts20 August 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The major equity market decline at the start of August, initiated by an interest rate increase to 0.25 per cent by the Bank of Japan, and followed by weak US employment numbers, suddenly turned the markets into fear of recession. The US Federal Reserve’s (Fed) indication that it will lower interest rates from September was suddenly seen as negative. It seems the market has forgotten that the Fed’s successful strategy to fight inflation is no l... |
Petcoke-coal discounts slip as coal prices drop but freight prices rise05 August 2024, Published under Cement NewsBy Frank O.Brannvoll, Brannvoll ApS, Denmark Petcoke prices have been slightly under pressure from higher freight prices but remain stable. Following a drop in coal prices, discounts have slipped and are back in the inexpensive end of the neutral zone. On 23 July 2024 the discount for 6.5 per cent sulphur petcoke FOB sold at US$64 is 52 per cent when compared with API4 coal sold at US$106 in the 3Q24. The CIF ARA 6.5 per cent petcoke contract sold at US$89 is at a discount of 34 per cen... |
Healthy demand lifts USG Supramax freight market25 July 2024, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax spot freight market showed a considerable rate improvement for all routes as some fresh cargo trickled in for June dates. There was a limited availability of tonnage open in US East Coast (USEC), attracting some ballasters from the USG and Continent areas. The market stayed well-supported thanks to petcoke and coal shipments on trans-Atlantic and front-haul routes. Freight rates for transportation of a Supramax-lot of petcoke from Housto... |