Features Global average export price for gray cement in 2Q2021 dragged down by Asia-Pacific-Japan prices 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Environment Heidelberg's Burglengenfeld plant invests EUR 230 million Major environmental shift at Burglengenfeld June 14, 2024 Markets & Competition Bamburi Cement extends loan to its subsidiary Cement giant provides significant funding to boost June 14, 2024 MOST READ Environment Holcim Philippines eyes recycling 10M tons of Holcim Philippines aims to recycle demolition wastes by June 07, 2024 Markets & Competition Holcim and Norman Foster Foundation unveil sustainable Sustainable homes will utilize Holcim's EcoPlanet June 12, 2024 Global average export price for gray cement in 2Q2021 dragged down by Asia-Pacific-Japan prices After rising by approximately 4 percent year-on-year in the first quarter of 2021, CW price index shows that the global export price for gray cement is estimated to have decreased by more than 1 percent in the second quarter on a yearly basis, according to the 2Q2021 update of CW Research's Global Cement Trade Price Report. The regional average FOB price for cement in Asia-Pacific-Japan, the largest exporting region, is estimated to slightly have increased by 0.5 percent compared to the first quarter. In 2Q2021, however, on a year-on-year basis, export prices are likely to decrease by over 4 percent. ÔÇ£While Asia-Pacific-Japan shipped over 12 percent more gray cement in volume in the 1Q2021, prices weakened by almost USD 2 per ton on an annual basis. Prices in the region were impacted by a 1 percent decrease on a yearly basis in addition to a slump in China's export prices which in the first quarter decreased almost 25 percent year-on-yearÔÇØ, stated Carolina Pereira, Director at CW Group. FOB prices to see further rise in the Med Basin in the third quarter Average export price for gray cement in the Mediterranean Basin is forecast to increase less than 1 percent by the end of the third quarter of this year. The biggest price drop in 3Q2021 is expected to be seen in Western Europe, where FOB prices are likely to decline by more than 3 percent compared to the preceding quarter. In Asia-Pacific-Japan, prices are expected to weaken by almost 1 percent quarter-on-quarter. Turkey remains the largest exporter of gray cement in 1Q2021 In CW Research's set of countries with data for the first quarter of 2021, Turkey was the largest exporter of gray cement on a global scale, estimated to have exported almost 4 million tons of gray cement, a decrease of 10 percent on a quarterly basis. With lower volumes, the average export price of gray cement in Turkey in the 1Q2021 increased almost 5 percent from the previous quarter and almost 7 percent on a year-on-year basis, pushing up prices in the Mediterranean Basin. Clinker export price largely stable during the second quarter of 2021 CW price index for clinker exports is expected to remain largely stable in 2Q2021, increasing 0.1 percent compared to the previous quarter. Clinker volumes decreased more than 3 percent on a quarter-on-quarter basis. Vietnam was the main clinker exporter in the quarter globally. The Global Cement Trade Price Report is CW Research's benchmark price assessment for monthly gray cement, clinker, white cement and granulated blast furnace slag prices and volumes. The 150+ page report, published on a quarterly basis, serves as the industry go-to source for monthly price data for over 70 individual markets worldwide, including multiple cornerstone data series: import, export, ex-works and market prices. Find out more about the report here. Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline