A nationwide lockdown in India is prompting cement producers to seek deferments on the loading of cargoes of petroleum coke, which they use as a fuel for production. These high-sulphur coke cargoes were due for loading from refineries in the US and Saudi Arabia.
Rising cement prices in several Chinese regions signal that the recovery in the sector is picking up pace, which could boost coal demand with the industry being a large-scale consumer.
According to the protocol rolled out over the weekend by the ministry, vessels arriving at Indian ports from infected countries within 14 days have to be quarantined for 14 more days.
Cement manufacturer, Attock Cement Pakistan has joined the list of companies that have shut down their operations, after the company announced to partially suspend its plant on Wednesday.
Udaipur Cement in India has informed the Bombay Stock Exchange that operations have temporarily been halted and the plant will be closed until further notice in an effort to reduce the spread of the COVID-19 virus.