Cement News tagged: Trading
Carbon market trades within range, falling back with equity markets
By Frank O. Brannvoll, Brannvoll ApS, Denmark Following the French election the carbon market rose towards EUR71.50 and seemed to be back in the uptrend. However, the events in the financial markets dragged the prices downwards while at the same time increased short speculation combined with higher auctions from August added downward pressure. In addition, Hungary’s EU leadership did not...
Turkmenistan targets Russia's Tartarstan for cement exports
Following the start-up of two new 1Mta cement plants in Turkmenistan this year, the country's cement industry is now in a position to begin exports. The Lebap plant completed its second line and Baherden Cement also completed its second production line with KHD Humboldt equipment earlier this year. Both plants belong to the state enterprise Turkmen Cement . Turkmenistan's Minister of F...
Pakistan's July exports have negative trend?
According to the Federal Bureau of Statistics (FBS), Pakistan’s cement industry has lesser cement and clinker exports in value and volume terms during the first month of the current financial year, July 2024 (July 2024-June 2025), MoM. The cement industry earned export revenues of US$14.49m by dispatching 403,225t of clinker and cement via land and sea compared to US$29.71m from 905,801 in Jun...
Semen Indonesia International clinker exports to Taiwan up 80%
PT Semen Indonesia International (SII) reported a significant increase in clinker exports to Taiwan in the first half of 2024. Clinker exports to Taiwan reached 0.564Mt, up 80 per cent YoY from 0.314Mt in the 1H23. The increase reflects the growing demand from Taiwan’s construction industry, which is increasingly reliant on Indonesian clinker. SII's President Director, Ridwansyah, stated ...
Sudden recession fear sends oil and equity markets lower – petcoke now offering higher discounts
By 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 negat...
Petcoke-coal discounts slip as coal prices drop but freight prices rise
By 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...
Pakistan's bagged cement export revenue reaches US$266.51m in FY23-24
Pakistan’s cement and clinker exports increased by 40.4 per cent to US$266.51m in the FY23-24 (July 2023-June 2024), from US$189.87m in the FY22-23, according to Pakistan Bureau of Statistics (PBS) data. In Pakistani rupee terms, export revenue saw a significant growth of 57.8 per cent to PKR75.46bn during the period, sustained by the local currency’s stable competitive rates against the US do...
Nepal’s cement and clinker export triple to NPR3.85bn
Cement and clinker exports from Nepal tripled to NPR3.85bn (US$28.7m) in FY23-24 when compared with exports in the previous year. According to Department of Customs data export earnings from cement were NPR1.97bn and those from clinker were NPR1.88bn. The surge has been attributed to the introduction of an eight per cent cash incentive on the export of mine-based products by the government...
Carbon market recovers from steep decline, supported by speculative buying and European and French election outcomes
By Frank O. Brannvoll, Brannvoll ApS, Denmark The political influence in the EU ETS market was underlined during June, where the market fell sharply up to the 9 June parliamentary election. The market recovered towards EUR70 as the result materialised, and the fear of a major shift to the right vanished as the centre right parties of the EP kept a majority and the re-election of Van der Ley...
Oil higher on positive demand forecasts and geopolitical risk while coal and petcoke lower
By Frank O. Brannvoll, Brannvoll ApS, Denmark Political risk and central banks were key in energy developments in the June-start of July period. The European Central Bank (ECB) and US Federal Reserve (Fed) both restated that interest rate cuts depend on the inflation rate nearing two per cent. The ECB hinted at two more rate cuts and the FED at possibly one. The centre-left election resu...
Cochin Port opens fourth terminal
A new cement terminal has entered operation on a 1.14ha plot at Ernakulam Wharf, Kerala, India. The Cochin Port Trust launched the port’s fourth terminal, which is expected to handle 0.3Mta of cement. The first vessel to enter the terminal was the Penna Suraksha, the largest self-discharge vessel in Asia with a discharge capacity of 1000tph. The 25,000t cargo from Krishnapatnam will be bagge...
Senegalese cement imports not subject to higher taxes
Gambia will not levy higher taxes on cement imported from Senegal, confirmed Gambia's Minister of Trade, Industry, Regional integration and Employment, Mr Baboucar Ousmaila Joof. Mr Joof explained that the excise tax is levied on imported bagged cement regardless of its source, justifying that the measure doesn't target any specific country as that would constitute discrimination. “Past stu...
Petcoke discounts offer potential
Coal prices moved slightly higher with oil and geopolitics stabilising to surpass the US$110 mark on 21 June 2024. However, the risk is growing with the latest developments in the Israel-Hezbollah conflict. Petcoke FOB prices pushed higher on demand and coal prices as Venezuelan material. Petcoke discounts decreased slightly and are still in the cheap zone, offering potential. Coal FOB...
Vietnam cement exports drop 10.8% in 1H24
Between 2019 and 2022, the average export value of cement and clinker ranged from US$1bn to US$1.3bn annually. However, in 2023, export earnings sharply declined due to falling prices. The average Free On Board (FOB) price of clinker fell to US$31-32/t in May 2024, a notable decrease from US$46-48/t in 2022. The country’s Ministry of Construction (MoC) cited an increase in the tax on clink...
US considering carbon pricing for imports
The US is looking to a potential carbon pricing system for goods and services imported into the country as part of a wider carbon policy. The step is a key policy shift as it looks to counter Chinese industrial competition and reduce emissions. John Podesta said the US would fight against “freeriding” by foreign producers of carbon-intensive industrial imports, in an interview with the UK Fi...
Power Cement Ltd tapped new export markets, including the US and UK
Power Cement Ltd held its analyst briefing on 26 June, during which management reviewed past performance and looked ahead. The company posted a loss of PKR1.2bn (US$4.32m) in 9MFY23-24 compared to a profit of PKR0.6bn in the previous period. Top company officials primarily attributed the loss to higher financial charges (up 39 per cent YoY) during the period amidst elevated interest rates. ...