- The global CW price index for gray cement exports is expected to increase almost 2 percent quarter-on-quarter in 3Q2022
- Russia is projected to see an increase of over 4 percent in gray cement FOB prices in the period
- North America and the Caribbean to lead global gray cement export prices
Greenwich (CT), USA, August 9, 2022 – The global CW price index for gray cement exports is expected to increase almost 2 percent quarter-on-quarter in 3Q2022. Western Europe is forecast to have the lowest increase in prices, whilst the Middle East is expected to witness the highest increase in prices, according to the 2Q2022 update of the CW Research's Global Cement Trade Price Report (GCTPR).
"The ongoing Russia-Ukraine conflict is significantly increasing production and transportation costs and potentially lowering volumes across all cementitious products, therefore, impacting gray cement export prices", explained Wanderson Teixeira, Business Analyst at CW Group.
By September, the CW price index for gray cement exports in Eastern Europe is forecast to increase more than 2 percent when compared to June. This rise is likely to be driven mostly by Russia, which is projected to see a price increase of over 4 percent, the highest price increase amongst set countries. In Western Europe, the CW price index for gray cement exports is expected to increase by more than 1 percent.
North America and the Caribbean to lead CW price index for gray cement exports in 3Q
In North America and the Caribbean, the CW price index for gray cement exports is estimated to increase by over 1 percent compared to June. The region is forecast to have the highest CW price index for gray cement export prices in the period.
In the Mediterranean Basin, Spain is the market expected to export the commodity at the highest price in the region, while Italy is forecast to have the highest increase with gray cement export prices rising by almost 4 percent. Turkey is projected to see a decrease of nearly 3 percent.
Korea and Vietnam FOB prices to lead CW price index in the region
Asia-Pacific-Japan is forecast to witness an increase of more than 1 percent in the CW price index for gray cement exports, after the Middle East. Korea is expected to see an increase of 4 percent in gray cement export prices, followed by Vietnam with a 3 percent rise quarter-on-quarter.
Scandinavia and Baltics CW price index for gray cement exports to be led by Estonia’s increase
In Scandinavia and the Baltics, Denmark remains the country with the highest export price for gray cement, and prices are forecast to increase by another 2 percent in the next quarter. Estonia is projected to have the highest price increase in 3Q2022 of nearly 4 percent in gray cement export prices. Sweeden's gray cement export price is forecast to increase less than 1 percent.
The Middle East CW price index for gray cement to increase by more than 2 percent
The Middle East is forecast to be the region with the highest price increase, followed by Eastern Europe. Iran’s FOB price for gray cement is forecast to rise almost 4 percent quarter-on-quarter. Nevertheless, the region is forecast to have the lowest gray cement FOB price in 3Q.
The Global Cement Trade Price Report is CW Research's benchmark price assessment for monthly gray cement, white cement, clinker 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.
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