Analysis

┬À         The UK industrial sector witnessed a relevant decrease in petcoke production in the first quarter of 2016 as compared to the same period a year earlier. According to the Office for National Statistics (ONS), industrial production in the UK fell 0.2 percent year-on-year in March. On a month-on-month basis, industrial production grew 0.3 percent in March, as compared to 0.9 percent decline in the previous month.

┬À         AES Gener's owned Guacolda has announced last week the gradual cessation of the use of petcoke as fuel in its operations in Central St. Guacolda. The electricity producing company has explained that this decision was officially presented in the most recent session of the Council for Social and Environmental Recovery, where the company informed about the upcoming Environmental Impact Declaration, which, among others, seeks to eliminate the use of this fuel within the coming year.

┬À         Following the success of their initial agreement and considering its recent expiration, the partially state-owned Zimbabwe-based Hwange Colliery and Glencore Plc are now negotiating for a deal renewal. Hwange is the country's largest coal miner after Makomo Resources, and it currently produces about 2,400,000 metric tons of coal per year, of which 9,000 metric tons were supplied to Glencore last year.

┬À         The Nigerian Ports Authority (NPA) recorded this weekend over twenty one ships which are currently discharging petroleum products and other commodities including wheat, bulk fertilizer petcoke and gas, petro sugar, gypsum among others.