Greenwich (Conn.), USA, November 2, 2016 ÔÇô Global export prices for gray cement have continued to decline into the second half of 2016, falling to well below the $60 per ton mark, according to the 3Q2016 update of CW Research's Global Cement Trade Price Report (GCTPR). While export pricing continued to trend lower, quarter-on-quarter (QoQ) ex-works pricing, however, saw signs of recovery.
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Global export prices for gray cement recovered on a quarterly basis in the third quarter of 2016, being still below the $60 per ton mark, according to the 4Q2016 update of CW Research's Global Cement Trade Price Report (GCTPR). While export pricing for gray cement increased in the third quarter, quarter-on-quarter (QoQ) ex-works pricing, however, decreased in most of the markets. In China, ex-works cement prices decreased more than 9% QoQ and in Nigeria, ex-works pricing decreased by 25% in the same period.
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The value of the global refractory market is projected to expand at an annual average of 3.4 percent through 2021
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The market for global oil well cement, a specialty niche cement product used in oil, gas and geothermal well-bore drilling, is projected to exceed five million tons by the end of 2017
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Global cement consumption is projected to expand 2.2 percent per year on average in the period from 2017 to 2022, reaching 4.7 billion tons