In an exclusive interview with CemWeek, Ian Riley, CEO of the World Cement Association, shares his insights on the global cement market in 2020, from demand levels and sustainability to WCA projects meant to aid cement producers.
Global slag export volumes remained depressed in the second quarter of 2020, with trade volumes decreasing by more than 18 percent quarter-on-quarter and CW price index average global prices following the same trend, contracting slightly by about 1 percent in the period, compared to the previous quarter, according to the 3Q2020 update of CW Research's Global Cement Trade Price Report.
Gray cement ex-works prices are expected to recover in the third quarter of 2020, except in Western Europe, Mediterranean Basin and Asia-Pacific ex-China, according to the 3Q2020 update of CW Research’s Global Cement Trade Price Report.
FOB prices for cement and clinker continued to drop in August in the Mediterranean Basin region, while prices slightly rebounded in the Persian Gulf and Arabian Sea area in the month, reveals the CW Research’s Cement and Clinker Price Assessments for Med Basin and Persian Gulf.
Amid the effects of the Covid-19 pandemic on global markets, gray cement FOB prices, in the second quarter of 2020, declined on a year-on-year basis, but are forecasted to increase by 2.7 percent on a quarter-on-quarter basis, according to the 3Q2020 update of CW Research’s Global Cement Trade Price Report.
In the second quarter of 2020, slag export prices declined an estimated 0.2 percent year-on-year, while volumes increased to an estimated 7 million tons, according to the 2Q2020 update of CW Research's Global Cement Trade Price Report.