Features Western Europe's ex-works gray cement prices post double-digit growth in 2Q2021 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Financial CRH registers strong 1Q24 performance CRH thrives despite seasonal trends May 13, 2024 Plant Expansions JSW Cement launches production unit in Rajasthan Expansion into North India marks strategic growth May 13, 2024 MOST READ Environment Prometheus Materials produces cement with algae Startup innovates zero-carbon May 06, 2024 Markets & Competition Botswana to ban cement imports Government implements cement import ban to reduce import May 07, 2024 Western Europe's ex-works gray cement prices post double-digit growth in 2Q2021 Gray cement ex-works prices are estimated to witness an increase of more than 10 percent in Western Europe in the second quarter of 2021, on an annual basis, while declining by almost 9 percent in the Asia Pacific region, according to the 2Q2021 update of CW Research's Global Cement Trade Price Report. Prices are estimated to have increased across several regions in the second quarter of the year, including North and Central America, South America, South Asia and the Mediterranean Basin. Meanwhile, prices in the Asia-Pacific region weakened reflecting the decline in construction activities in the Philippines as a consequence of the continuing economic impact of the pandemic. ÔÇ£Regional average ex-works prices in Western Europe during the second quarter are predicted to recover sharply from the effect of the pandemic in comparison to last year, while quarter-on-quarter prices registered a slight decline mostly due to a drop in prices in Germany, whose construction sector witnessed a contraction in 1Q2021,ÔÇØ observes Carolina Pereira, Director at CW Group. Ex-works cement prices in the Americas continue on the rise on strong demand During the second quarter of 2021, North and Central American cement ex-works prices are forecasted to increase by almost 1 percent quarterly, as the US housing sector sees robust demand. In South America, average cement ex-works prices are likely to see a growth of almost 13 percent year-on-year, boosted by strong cement sales in key markets including Brazil, Peru, and Argentina. India to push 2Q cement prices in South Asia up South Asia is expected to record an increase of almost 5 percent quarter-on-quarter and 7 percent year-on-year in the average ex-works price of gray cement. In India, cement prices have been witnessing an upward pressure on the back of strong rural demand and higher input costs. Ex-works prices in the Middle East are expected to witness an increase quarter-on-quarter and a decline of almost 3 percent year-on-year, with the UAE to see the highest increase in prices during the quarter. Ex-works prices to continue on an upward trend in South Asia and Sub-Saharan Africa in 3Q For the third quarter of 2021, CW Research expects prices to continue to rise in South Asia, with India and Pakistan leading price increases, in Sub-Saharan Africa, as South Africa and Nigeria's construction sectors continue to see a positive performance, and in South America, with strong price increases in Brazil, Argentina, and Ecuador to drive ex-works prices in the region. Meanwhile, in China ex-works prices are expected to witness a decline as the country enters the rainy season. 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