Cement News tagged: Trading
ECDE exports 0.35Mt of clinker from Algeria
Algeria-based ECDE , part of the GICA group, has exported since the start of the year close to 350,000t of clinker from Algeria, according to ECDE CEO, Kada Dinar. GICA’s Chlef plant has three production lines with a total capacity of 4.2Mta. Shipments were delivered to countries in Europe, Africa and Latin America from the two ports of Tenès (Chlef) and Oran. This year, the company targe...
Nepal exports 153,493t of cement to India in 7MFY22-23
In the 7MFY22-23 Nepal exported cement and clinker worth NPR167.03m (US$1.273m), reports Khabarhub. According to Nepal’s Department of Customs, over the seven-month period, 153,493t of cement were exported, with a value of NPR60.66m. Clinker exports came in at 151,158t, worth NPR106.38m. According to the government, two Nepali cement companies have been exporting product to India. These ...
Bangladesh reports 50% increase in cement export revenue
Bangladesh has reported 49.7 per cent YoY growth in cement export revenue to US$8.13m in the 8MFY22-23 (July 2022-February 2023). This compares to US$5.43m in the same period a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure also includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries. ...
Very low petcoke discounts may lead to switch to coal
The price of a barrel of oil has returned to the lower end of the US$80-88 range. Gas prices were also down on the back of warm weather forecasts and the Turkey-Syria earthquakes, which are cooling demand. Coal prices continue to slip lower, along with other sources in the energy complex, as the fear of recession persists. The stable price of petcoke and very low discounts are expected to ...
![APCMA releases mixed dispatches data for Feb 2023](/content/uploads/images/47a7d3ab-a514-48a8-8e7a-1b08c245b431_thumb.png)
APCMA releases mixed dispatches data for Feb 2023
Pakistan’s local cement dispatches fall and exports rise in February. Commenting on the trend of dispatches, a spokesman of the All Pakistan Cement Manufacturers Association (APCMA) emphasised that the economic situation in the country is becoming more and more complicated with each passing day: "We are facing serious operational problems and need a timely supply of spare parts and consumable ...
Compliance buying in volatile markets sees EUA revisit highs
By Frank O. Brannvoll, Brannvoll ApS, Denmark January and the start of February saw the return of compliance buying of EUAs with some market speculators believing the latest changes will support the EU ETS to remain strong within the EU green deal. The volatility of EUA prices has seen dramatic moves between EUR75 and back to highs at EUR97 without any specific news other than changing w...
![Oil in narrow range while coal continues lower – petcoke pressured lower as discounts fall sharply](/content/uploads/images/5f60f356-1240-401c-9afb-d9270a38cbae_thumb.jpg)
Oil in narrow range while coal continues lower – petcoke pressured lower as discounts fall sharply
By Frank O. Brannvoll, Brannvoll ApS, Denmark The markets are still dominated by hawkish statements from central banks due to the stubbornly high inflation both in the USA and Europe. Expectations see rates climb still higher and for a longer period. However, the good news is that a recession may be avoided. In the energy markets, the G7 round of new sanctions on Russian refined products...
Oil and coal are falling, petcoke climbs higher
By Frank O. Brannvoll, Brannvoll ApS, Denmark Another month with the European Central Bank (ECB) and the US Federal Reserve in focus: in the US the interest rate has been increased by 0.25 per cent while the ECB notched up the rate by 0.5 per cent. However, inflation seems stubbornly high. Therefore, it is expected that rates will increase further and remain high for some time with fears o...
Pakistan cement industry's exports fall in 7MFY22-23
Pakistan’s cement industry saw a negative export revenue trend on overseas dispatches in the 7MFY22-23 (July-January 2023), according to the country’s Federal Bureau of Statistics (FBS). During the 7MFY22-23, the cement industry earned US$100.63m by exporting 2.061Mt of cement and clinker, compared with US$160.92m from 4.315Mt exports in the 7MFY21-22. As a result, exports plummeted by 37.5 p...
Domestic dispatches rise and exports fall in January
Pakistan's total cement industry dispatches increased by 1.2 per cent in January 2023 to 4.01Mt from 3.96Mt dispatched during the same month of last fiscal year. Local cement dispatches advanced by 5.2 per cent YoY to 3.587Mt in January 2023 from 3.409Mt in January 2022. However, exports dispatches declined by 24.1 per cent as volumes fell from 551,006t in January 2022 to 418,067t in January...
Petcoke prices rising on growing demand while coal is falling as supply increases
By Frank O. Brannvol, Brannvoll ApS, Denmark lAs China reopens, oil is finding support, seeing a recovery in oil prices to surpass the US$85 mark. The warm winter in Europe and lower gas prices are taking off the pressure for demand in the region. However, Russia’s discount is still in place for countries that do not sanction Russian gas supplies (China, India and Turkey). Meanwhile, coal...
Energy demand drops, lowering oil, gas and coal prices with petcoke discounts back in neutral
By Frank O. Brannvoll, Brannvoll ApS, Denmark The central banks continued interest rate hikes with 0.50 per cent in December, promising more to come. This has led to greater expectations of recession and falling demand, and in combination with thin trading in December, the overall energy index has fallen. The EU has introduced windfall profits on power producers and maximum gas prices. In...
Cement exports nosedive in 1HFY22-23 in Pakistan
Pakistan’s cement industry export revenue and overseas dispatches in the first six months of FY22-23 (July-December 2022) nosedived both YoY and MoM, according to the country’s Federal Bureau of Statistics (FBS). Industry experts blamed the country's political and economic uncertainty, and slowed world economy. In addition, export markets are drying up and domestic demand is weak as const...
EUA prices consolidate at higher level awaiting policy decisions
By Frank O. Brannvoll, Brannvoll ApS, Denmark The increase in fossil fuels use for power generation is keeping the demand for EUAs relatively high. However, a mild winter start and a falling energy complex temper this trend. Therefore, a rally above EUR80 is not expected in the short term as an economic slowdown is expected to lead to demand destruction. Speculators have reduced their prese...
EUA rising by end of year, driven by compliance and higher coal and gas prices
By Frank O. Brannvoll, Brannvoll ApS, Denmark There has been very little direct news in the carbon market, as political discussions of changes to the EU ETS are still ongoing, and are driven by the movements in the fuel market. However, the market, which had been stuck in the EUR65-75 range, broke out to the upside as year end is approaching and compliance buying and short positions cl...
Winter and sanctions lifts coal and gas in Europe – petcoke discounts attractive again as petcoke drops slightly
By Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation remains high and central banks continue to increase interest rates albeit at a slower pace. This has now led to widespread expectations of recession not only in the EU, which is hurt by energy sanctions, but also in the US as its Federal Reserve maintains a very aggressive stance. The oil market has fallen below US$80, but is dec...