Features Average gray cement FOB prices continue on a quarter-on-quarter upward trend in 4Q2020 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Markets & Competition Bamburi Cement faced 111 power outages last year Cement manufacturer faced various power outages due to April 26, 2024 Environment Shree Cement commits to 100% renewable energy by 2050 Shree Cement is pioneering sustainability in the cement April 26, 2024 MOST READ Environment Groundbreaking ceremony for Holcim's climate-neutral CO2 neutral plant to be functional in 4 April 22, 2024 Markets & Competition UltraTech Cement acquires grinding unit from India UltraTech Cement looking to bolster presence in April 22, 2024 Average gray cement FOB prices continue on a quarter-on-quarter upward trend in 4Q2020 In the third quarter of 2020, average gray cement FOB prices decreased about 3 percent year-on-year, while witnessing a growth of almost 1 percent when compared to the previous quarter. In the fourth quarter, prices are predicted to keep on a quarter-on-quarter upward trend, according to the 4Q2020 update of CW Research's Global Cement Trade Price Report. According to CW price index, in 3Q2020, the global export price for gray cement averaged more than USD 57 per ton. ÔÇ£An upward pressure on prices is expected to be seen in 4Q2020 as a consequence not only of volume recovery but also a good prospect on infrastructure spending across key markets, including the United States, China and India, as governments focus on economic stimulus policies. With that, FOB prices are projected to be see an increase of 1 percent Q-o-Q in 1Q2021ÔÇØ, analyses Carolina Pereira, CW Group's Manager, Advisory & Research. Global export volumes grow in the third quarter Gray cement exports volumes in the third quarter of 2020 increased by almost 12 percent quarter-on-quarter and also recorded an expansion of over 4 percent when compared to the same period of last year. In the quarter, the region that clocked the biggest export volumes was the Mediterranean Basin, with almost 7 million tons, increasing by more than 24 percent quarter-on-quarter, with Turkey, the largest exporter in the region, accounting for more than 23 percent of the global market exports. Turkey registered a sharp volume increase of 27 percent in the third quarter, when compared to the previous quarter. Meanwhile, Japan emerged as the second largest exporter, relegating Vietnam to the third position. The Mediterranean Basin retains position as top exporter region The Mediterranean Basin continued to maintain its position as the largest cement exporting region during the third quarter of 2020, followed by Asia Pacific-Japan. In terms of pricing, the region reached an average of more than USD 44 per ton during 3Q2020. For the fourth quarter, the Mediterranean Basin is projected to continue being the largest gray cement exporter with prices logging increase. At a global level, clinker trade is estimated to increase on a yearly basis For the quarter ended in September 2020, global trade of clinker is estimated to have reached almost 16 million tons, increasing by almost 6 percent on a yearly basis, as economies emerged from lockdowns. In the third quarter of 2020, CW clinker exports price index for the 25 countries is estimated to have increased by more than 2 percent on a quarter-on-quarter basis. In 4Q2020, clinker trade prices are estimated to keep expanding quarter-on-quarter. 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. Find out more about the report here. Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline