- The global CW price index for gray cement exports is forecast to increase almost 3 percent quarter-on-quarter in 4Q2022
- Russia is expected to see an increase of almost 7 percent in gray cement FOB prices
- North America and the Caribbean to continue to lead the CW price index for gray cement exports
Greenwich (CT), USA, October 25, 2022 – The global CW price index for gray cement exports is forecast to increase almost 3 percent quarter-on-quarter in 4Q2022. North America & the Caribbean is expected to have the lowest increase in prices, while Eastern Europe and CIS is expected to witness the highest price increase, according to the 3Q2022 update of the CW Research's Global Cement Trade Price Report (GCTPR).
"Gray cement export prices are projected to maintain their upward trend amid the ongoing Russia-Ukraine conflict, which is has led to an increase in production and transportation costs", explained Wanderson Teixeira, Business Analyst at CW Group.
By December, the CW price index for gray cement exports in Eastern Europe is forecast to rise almost 4 percent when compared to September. This increase is likely being driven mainly by Russia, which is projected to see a price rise of nearly 7 percent, the highest amongst the set of countries. In Western Europe, the CW price index for gray cement exports is expected to increase by around 2 percent.
North America and the Caribbean with the highest CW price index for gray cement exports in 4Q
In North America and the Caribbean, the regional CW price index for gray cement exports is estimated to increase by almost 2 percent compared to September. Following the trend of the previous quarter, the region is forecast to have the highest CW price index for gray cement export prices in the period.
In the Mediterranean Basin, Italy is forecast to have both the highest gray cement FOB prices and an increase in export prices rising by more than 4 percent. Turkey is projected to see an increase of around 1 percent
Korea and India to lead increase in prices in the region
Asia-Pacific-Japan is forecast to see a rise of more than 3 percent in the regional CW price index for gray cement exports. Korea is expected to see an increase of around 6 percent in gray cement export prices, followed by India with a spike of almost 5 percent quarter-on-quarter.
CW price index in Scandinavia and Baltics to be led by Sweden’s increase
In Scandinavia and the Baltics, Denmark continues to have the highest export price for gray cement, with prices expected to increase by almost 2 percent in the last quarter of the year. Meanwhile, Sweden is forecast to have the highest price increase of nearly 3 percent in gray cement export pricest.
The Middle East CW price index for gray cement to increase by over 3 percent
The CW price index for gray cement exports in the Middle East is forecast to increase by almost 3 percent. Iran’s FOB price for gray cement is forecast to rise nearly 4 percent quarter-on-quarter. Nevertheless, the region is expected to have the lowest regional gray cement FOB price in 4Q.
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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