Global FOB prices for gray cement are estimated to have declined to March 2016 by 0.3% as compared to December 2015, according to preliminary figures presented in the CW Research’s 1Q16 update to its benchmark price assessment for worldwide trade of gray cement, white cement, clinker, and slag, as well as ex-works and effective market prices: Global Cement Trade Price Report (GCTPR).
The 1Q16 Global Cement Trade Price Report:
- Highlights the global and regional trade dynamics and drivers.
- Showcases monthly price evolution of gray and white cement, as well as clinker and slag.
- Monitors cement import and export price spreads and developments.
- Enables industry professionals to shape perspective on market and to develop a competent internal pricing strategy.
CW Research expects FOB rates to recover marginally by June 2016, when the global average is projected to improve at a 0.1% rate from March levels. On the other hand, estimations indicate that slag export prices have fallen by 3.2% in March 2016 as opposed to December 2015, while the quarter to June 2016 is projected to bring about a further 1.8% decline.
The global trade of cementitious products has generally seen a declining trend in both volumes and prices in the quarter to December 2015. Notably, the global average for gray cement, aggregated in December 2015 for a set of 25 reporting countries, fell by 12.6% year-on-year.
“Several developments that marked 2015 will continue to leave their imprint in 2016, but by far the most pressing issues in 2016 will be sluggish capital flows to emerging and developing countries, anemic trade and continuously weakening commodity prices.” says Stefana Abiculesei, Consulting Analyst with the CW Group’s European team.
Find out more about the highlights from the 1Q2016 Global Cement Trade Price Report here.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/africa-middle-east/02062016/global-cementitious-fob-prices-remain-flat-216/