Ex-works cement prices in the fourth quarter of 2021, are forecast to range on a yearly basis, from a decrease of almost 6 percent in the Middle East to an increase of about 11 percent in the Mediterranean Basin, according to the 4Q2021 update of CW Research’s Global Cement Trade Price Report.
Cement export prices in November continued on an upward trend in the Mediterranean Basin, supported by robust volumes from Egypt and Algeria, despite a decline in other key markets, according to CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf-Arabian Sea & East Africa.
CW price index for gray cement exports is set to decrease by almost 2 percent in 4Q2021, when compared to the same quarter of the previous year, and it is estimated to decrease less than 2 percent when compared to the preceding quarter, according to the 4Q2021 update of CW Research’s Global Cement Trade Price Report.
The evolution of cement demand in 2021 is marked by wide discrepancies across regions, however, the only difference is the magnitude of the recovery in demand with the exception of China, with Asia ex-China and Latin America as the main drivers of growth this year, shows CW Research's 2H2021 update of the Global Cement Volume Forecast Report (GCVFR).
In October, cement export prices in the Mediterranean Basin continued to rise supported by growing exports from major regional markets, namely Algeria, Turkey and Spain. Meanwhile in the Persian Gulf-Arabian Sea region, export prices once again declined after a short-lived increase the previous month, according to CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf-Arabian Sea & East Africa.
Global cement consumption is projected to increase more than 1 percent year-on-year in 2021, following a recovery in several major cement markets from Covid-19, as vaccinations advance worldwide and governments increase spending to stimulate economies, according to CW Research's 2H2021 update of the Global Cement Volume Forecast Report (GCVFR).
Green petroleum coke production in August 2021 increased in four major select markets, United States, China, India and Japan, reflecting the rebound in industrial activity and rising demand for energy worldwide during the third quarter of this year, according to CW Research's PetcokeWeek Market Data.