Cement News tagged under: trading
Pakistan's cement and clinker exports rise in 4MFY24-2521 November 2024, Published under Cement NewsPakistan's cement and clinker exports have increased by 12.39 per cent to a value of US$104.61m (2.857Mt) in the first four months of the FY24-25 (July-October 2024), compared to US$93.08m (2.4Mt) during the same period of the previous fiscal year, according to the Pakistan Bureau of Statistics (PBS). The export volume also saw a significant rise of 18.7 per cent YoY. In Pakistani rupee terms, export revenue grew by a modest 8.2 per cent to PKR29.09bn (US$104.6m). A particularly positive tr... |
Domestic cement demand continues to decline in Iran20 November 2024, Published under Cement NewsIranian domestic cement sales contracted 2.5 per cent YoY to 5.919Mt in October, down from 6.070Mt a year earlier, according to the Iranian cement association. Contrastingly, producers manufactured 6.607Mt of cement and 7.247Mt of clinker, increases of 3.4 per cent YoY and 4.6 per cent YoY respectively, when compared with October 2023. A total of 1.215Mt of cement and clinker were exported in October, an increase of 6.6 per cent YoY, bolstered by higher cement exports, which rose 3... |
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... |
Indonesian cement exports contract but clinker exports expand30 October 2024, Published under Cement NewsCement exports from Indonesia saw a 12.2 per cent YoY drop to 90,401t in September 2024 from 103,002t in the equivalent period of 2023. However, a two per cent growth in clinker exports to 753,075t in September 2024 from 737,968t in September 2023 was reported. January-September 2024 In the January-September 2024 period, Indonesia exported 8.5Mt of cement and clinker, up four per cent when compared with the 9M23. Of this total, clinker exports increased to 7.8Mt, up 7.9 per cent when com... |
New EU Commission continues green focus – market testing to major support levels, driven down by energy complex30 October 2024, Published under Cement NewsThe newly appointed EU Commission has a greener focus but also prioritises EU competitiveness. The Danish Commissioner for Energy and Housing could focus on energy savings in buildings, which would be a positive for the concrete value chain. Meanwhile, speculators have left the long-term market as several projects have been put on hold due to lower EUA prices. In addition, September was the compliance month for verified 2023 emissions, which has given some support for the market. On the o... |
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... |
State Bank of Pakistan reveals a rise in cement exports in FY23-2422 October 2024, Published under Cement NewsState Bank of Pakistan, the country’s central bank, released its state of economy 2023-24 on 17 October 2024. The annual report included the cement industry in Pakistan. It stated that cement production declined by 4.5 per cent in FY23-24, significantly lower than 13.7 per cent in FY22-23. The decline was largely due to a fall in domestic cement dispatches, which could be associated with rising prices. Yet, the cement export, on the other hand, experienced a notable increase from 4.6Mt in FY... |
Taiheiyo Cement plans Indonesian exports to US10 October 2024, Published under Cement NewsTaiheiyo Cement plans to export up to 1Mta of cement to the USA from Indonesia by expanding capacity in the southeast Asian country. It also wants to capture infrastructure-related demand on Southeast Asia by increasing production capacity in the Philippines. The initiative follows the company’s decision to look to other markets after exiting China in 2023. The company has already added export facilities to the PT Solusi Bangun Indonesian Tbk ( in which Taiheiyo Cement bought a 15 per ... |
Pakistan cement exports surged in September04 October 2024, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) released local and overseas dispatch data for September and July – September on 3 October. The data reflects that Pakistan cement producers continued to experience headwinds in local sales, but exports remained beneficial. Cement dispatches declined by 5.63 per cent in September 2024 to 3.54Mt, compared to 3.751Mt dispatched during the previous fiscal year. APCMA attributed that due to increased cement prices due to irrational taxation... |
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 ... |