Global oil well cement consumption is poised to increase through 2024, with key markets such as the US and Saudi Arabia forecast to experience robust average growth rates above 50 percent, according to CW Research’s World Oil Well Cement Market Forecast 2024.
According to CW Research’s Cement and Clinker Price Assessments for Med Basin and Persian Gulf, FOB prices for cement and clinker slipped in both regions in November.
Major players are targeting new markets to keep up with their production quotas
Globally, gray cement trade prices rose in the third quarter of 2018, according to the 3Q 2018 update of CW Research’s Global Cement Trade Price Report (GCTPR).
Within five years, synthetic graphite is projected to account for almost 70 percent of the global graphite market in terms of demand, a similar share to that expected for 2018, according to CW Research’s 2018 update of the World Natural and Synthetic Graphite Market Demand Forecast Report.
According to CW Research’s 2018 update of the Oman Cement Market Report, cement apparent consumption in the country is forecast to increase to almost eleven million tons in 2023.
In October, trade prices for bulk ordinary Portland cement and for prompt deliveries of bulk ordinary grade clinker slipped in the Persian Gulf and Arabian Sea region.