Global FOB gray cement prices to slow down in 3Q2021
CW price index for gray cement exports is estimated to remain relatively stable in the third quarter of 2021, decreasing by 0.3 percent quarter-on-quarter and by 0.2 percent year-on-year, according to CW Research's Global Cement Trade Price Report.
By: CW Group
In the Mediterranean Basin and Asia-Pacific-
"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-
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/
Liviu Dinu / Market Services & Marketing Consultant