Global FOB gray cement prices to slow down in 3Q2021

GREENWICH, Conn. - Sept. 21, 2021 - PRLog -- CW price index for gray cement exports is estimated to remain relatively stable in the third quarter of 3Q2021, decreasing by 0.3 percent quarter-on-quarter and by 0.2 percent compared to the same quarter the previous year, according to the 3Q2021 update of CW Research's Global Cement Trade Price Report (https://www.cwgrp.com/research/research-products/product/1-global-cement-trade-price-report).

In the Mediterranean Basin and Asia-Pacific-Japan, the two largest exporting regions, CW price indices for gray exports are expected to decline in 3Q2021, recording a decrease of almost 1 percent quarter-on-quarter in both regions.

"Turkey, as the world's largest gray cement exporter in 2Q had an increase in both exports volumes and prices, with the average FOB prices increasing around 3 percent QoQ. However, a strong quarterly decrease in 2Q exporting prices in Thailand and Greece, who are among the top 5 global exporters, dragged down average global prices," stated Carolina Pereira, Director at CW Group.

Turkey's gray cement exports continue to log healthy figures

The world's top gray cement exporter continued to see good results in the second quarter of 2021, with an increase of over 27 percent in terms of volumes and an increase of almost 3 percent in prices when compared with 1Q2021.

Within the Med Basin region, Greece also saw an increase in export volumes in the second quarter, recording a growth of more than 19 percent compared to the previous quarter.

Vietnam's cement export volumes on a downward trend in 2Q

Vietnam was the second largest gray cement exporting country in the Asia-Pacific-Japan region, with more than 6 percent of the global market share in terms of volume in the second quarter of the year. Exports, however, decreased over 11 percent quarter-on-quarter in the second quarter while FOB prices, on the other hand, saw a rise of over 3 percent.

Meanwhile, in Thailand, volumes decreased 8 percent, while export prices decreased by almost 5 percent quarter-on-quarter in the second quarter of 2021.

The Global Cement Trade Price Report (https://www.cwgrp.com/research/research-products/product/...) is CW Research's benchmark price assessment for monthly gray cement, white cement, clinker and granulated blast furnace slag prices and volumes. Find out more: https://www.cwgrp.com/research/research-products/product/1-global-cement-trade-price-report