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Press Releases from CW GROUP (64 total)

Cement demand in Peru grows in 1H2019; Saudi Arabia struggles with overcapacity

In the first half of 2019, cement demand recorded conflicting trends across selected markets, according to CW Research’s Cement Country Market Data reporting. Whereas consumption of cement rose in Peru, it contracted in markets such as Saudi Arabia and Argentina. “With an expected GDP growth of 3.9% in 2019, Peru offers good perspectives for the cement industry. Private investment, particularly in the mining industry, is replacing large infrastructure projects such as

Cement and clinker trade prices drop in Mediterranean Basin; rise in Persian Gul …

According to CW Research’s Cement and Clinker Price Assessments for Mediterranean Basin and Persian Gulf, FOB prices for both commodities recorded conflicting trends across regions in June 2019. During the month, in the Mediterranean Basin region, trade prices for prompt deliveries of bulk ordinary Portland cement declined when compared to May, reaching between USD 38 and USD 40 per ton. Deliveries of bulk ordinary grade clinker also recorded a contraction month

World cement prices continue to slide in 1Q2019

In the first quarter of 2019, global gray cement ex-works prices showed wide regional variation, contracting in South America, but recording solid growth in China, according to the 1Q2019 update of CW Research’s Global Cement Trade Price Report (GCTPR). Trade prices for gray cement slipped over the first quarter, continuing the downward trend observed in the quarter that ended in December 2018. “The global economy continues to encounter significant challenges

Reconstruction programs to boost Iraq’s cement demand to over 30mn tons by 202 …

Iraq’s cement consumption is forecast to increase to over 30 million tons by 2024, according to CW Research’s 2019 update of the Iraq Cement Market Report. Cement consumption figures in the country are being boosted by strong reconstruction demand. Between 2010 and 2018, national construction activity registered sustained growth, positively influenced by the country’s reconstruction and rehabilitation programs after defeating ISIS, as well as by ongoing large infrastructure projects. However, Iraq’s

World cement bagging equipment market to shrink to USD 154 million by 2024

The global cement bagging equipment market value is projected to drop to USD 154 million by 2024, according to CW Research’s World Cement Bag & Bagging Equipment Industry and Forecast Report. Since the world cement bags market is directly connected to cement demand and bagging capacity, the forecast decline in new capacity additions, particularly in greenfield projects, is a key factor contributing to the downward trend. “The cement bagging equipment market

US-China trade war shifting cement seaborne trade flows

In 2018, the total number of active cement carriers surpassed 360 units, with the total dead weight tonnage topping 2.7 million, the highest figure recorded since 2010. According to CW Research’s 2019 update of the World Cement, Clinker & Slag Sea-Based Trade Report, the upward trend was underpinned by a growing demand for cement carriers in key domestic trade markets. Specialized cement carriers move about 25 million tons of cement per

Seaborne cementitious trade to reach 180 mt by 2024; clinker tops cement

Between 2019 and 2024, the total volume of sea-based traded cementitious materials is forecast to reach almost 180 million tons, according to CW Research’s 2019 update of the World Cement, Clinker & Slag Sea-Based Trade Report. The fall in China’s domestic cement production, under pressure from environmental restrictions, has increased the market’s need for imports, with a significant impact on overall seaborne trading. “The internal dynamics of the Chinese cement market,

World cement demand to shrink to 4 billion tons by 2050

Global cement consumption can contract to 4.01 billion tons in 2050, according to CW Research’s long-term forecast available in the 1H2019 update of the Global Cement Volume Forecast Report (GCVFR). Under this scenario, cement consumption would decline sharply in China, but show moderate gains in both advanced and emerging economies. Functionally, factors such as environmental restrictions, substitutes and evolving construction methods would also pressure growth. “The largest growth in cement consumption

World cement capacity stalled by China’s industrial crackdown

Global cement capacity is projected to remain flat between 2018 and 2023, according to CW Research’s 1H2019 update of the Global Cement Volume Forecast Report (GCVFR). This trend is likely to follow higher capacity additions in regions such as Africa and Asia ex-China. Conversely, China, despite slowing down its capacity restrictions, is still experiencing a context of capacity rationalization efforts, therefore being projected to curb production capacity at an annual

Global cement demand curbed by China’s decline; India remains promising

World cement consumption is forecast to decrease marginally to 4 billion tons in 2019, according to CW Research’s 1H2019 update of the Global Cement Volume Forecast Report (GCVFR). The stark increment in demand in India and the more moderate improvement in mature markets such as the United States were not enough to offset lower demand in the by-far largest consumer of cement: China. Nonetheless, global cement consumption is projected to

Cement and clinker trade prices improve in March

According to CW Research’s Cement and Clinker Price Assessments for Mediterranean Basin and Persian Gulf, FOB prices for both commodities recorded a slight expansion in March 2019. During the month, in the Mediterranean Basin region, trade prices for prompt deliveries of bulk ordinary Portland cement remained flat compared to February, with cement dispatches standing between USD 39 and USD 41 per ton. Prompt deliveries of bulk ordinary grade clinker improved month

Trade protectionism pressures cement prices in 4Q2018

In the fourth quarter of 2018, global gray cement ex-works prices weakened across most major markets, with the exception of China, according to the 4Q2018 update of CW Research’s Global Cement Trade Price Report (GCTPR). Trade prices for gray cement also recorded a mild decline over the fourth quarter, despite a year-on-year increase. “Adverse weather conditions, stagnating demand, and the depreciation of national currencies against the US dollar are some

Calcium aluminate cement demand to reach 1Mt on growing refractories industry

Global demand for calcium aluminate cement is forecast to reach one million tons between 2021 and 2022, according to CW Research’s Global Calcium Aluminate Cement Market Report and Forecast. The upward trend will be underpinned by the refractories industry, the biggest consumer of calcium aluminate cement. “Consumption of calcium aluminate cement has been steadily growing over the last few years, with the exception of the period 2013-2015. Those years were marked

Cement and clinker trade prices edge up in January

According to CW Research’s Cement and Clinker Price Assessments for Mediterranean Basin and Persian Gulf, FOB prices for both commodities displayed a slight improvement in the first month of the year. In January 2019, in the Mediterranean Basin region, trade prices for both prompt deliveries of bulk ordinary Portland cement and of clinker recorded a slim increase when compared to December, with cement dispatches reaching between USD 39 and USD 41

US boosting oil well cement demand through 2024

CW Research, in its World Oil Well Cement Market Forecast 2024, projects consumption of cementitious materials for drilling in the US to reach roughly four million tons by 2024. The upward trend will be supported by an improvement in drilling activity, in turn underpinned by the recovery of oil prices. “Finding its footing, US exploration activity has again wound up with drilling activity resuming after a period of ‘cricket- like’ silence.

Cement and clinker trade prices inch down in December

According to CW Research’s Cement and Clinker Price Assessments for Mediterranean Basin and Persian Gulf, FOB prices for cement and clinker recorded a slight decrease in both regions in December. During the last month of 2018, in the Mediterranean Basin region, trade prices for both prompt deliveries of bulk ordinary Portland cement and clinker slipped mildly when compared to November, with cement dispatches reaching between USD 39 and USD 41

Kenyan cement demand to top 7mn tons on road infrastructure and housing in 2023

According to CW Research’s 2018 update of the Kenya Cement Market Report, cement consumption in the country is forecast to increase at an annual average rate of almost six percent, exceeding seven million tons by 2023. The steady growth of cement demand is a consequence of the strong pipeline of construction projects, which remain a priority for the government. On a domestic level, public works continue to account for the largest

Oil well cement demand to grow through 2024; premium pricing to slowly recover

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. “We’re seeing a more pronounced trend of ordinary Portland cement (close to grade A API) used instead of oil well cement in onshore and shale drilling as a

Strong global economy boosts cement prices in 3Q 2018

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). Domestic prices also recorded a general improvement, particularly in the US and Mexico, where major manufacturers recorded double-digit increases in net sales. Such promising price developments were underpinned by an expanding global economy. However, some international risks subsist. “By the end of 2018, the global

Synthetic graphite to lead world graphite demand by 2023

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. “Natural graphite is anticipated to experience a more solid annual average growth in the 2018-2023 period than in the previous five-year period mostly

Cement production capacity in Oman to reach 19 million tons by 2023

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, encouraged by growing construction activity both due to private and public investments. Production capacity is also projected to rise within the next five years, underpinned by capacity expansions of existing plants and the entry of new market participants. “The improving trend forecast

Electric vehicles to boost world graphite market to USD 22bn by 2023

The global graphite market volume is forecast to grow at a double-digit average annual rate, increasing to over six million tons between 2018 and 2023, according to CW Research’s 2018 update of the World Natural and Synthetic Graphite Market Demand Forecast Report. In the next five years, the world graphite market is also poised to meet an impressive expansion value-wise, doubling to over USD 22 bn by 2023. “By 2018, the

Global cement capacity curbed by Chinese expansion ban through 2023

Global cement capacity is forecast to edge up by almost one percent per year on average between 2018 and 2023, according to CW Research’s 2H2018 update of the Global Cement Volume Forecast Report (GCVFR). The slim increase reflects a context of capacity rationalization efforts in China, which are offsetting additional capacity elsewhere at the global level. Usually accounting for half of the world’s total, Chinese cement capacity will slow down

World cement demand tempered by China’s slowdown; outlook remains cautious

Global cement consumption is projected to decline marginally to 4.05 billion tons in 2018, according to CW Research’s 2H2018 update of the Global Cement Volume Forecast Report (GCVFR). Following a sustained slowdown in Chinese cement demand, and given the Asian giant’s weight on the overall worldwide figure, global consumption is poised to record a slim rise of almost one percent per year through 2023. The number increases to over three

Cement and clinker trade prices remain stable in August

According to CW Research’s Cement and Clinker Price Assessments for Med Basin and Persian Gulf, FOB prices for cement and clinker have remained flat in August. In the Mediterranean Basin region, over the period, FOB prices for prompt deliveries of bulk ordinary Portland cement recorded a slim decline, whereas clinker trade prices remained flat when compared to July. As noted by Ana Almeida, CW Group’s analyst: "In the Med Basin region,

Petcoke production rises in India; slips in China and Brazil

According to CW Research’s “Petcoke Country Market Data”, during the first half of 2018, petcoke production rose in India, but contracted in China and Brazil. “In the January-June period, global petcoke volumes displayed mixed results, conditioned by the headwinds of the industry. As several countries impose restrictions on the material, the future of the large-scale use of petcoke in the cement industry remains uncertain”, assesses Raluca Cercel, CW Group’s Associate. RELIANCE TO

Cement prices continue positive momentum in 2Q 2018

Gray cement trade prices recorded an overall improvement in the second quarter of 2018, according to the 2Q 2018 update of CW Research’s Global Cement Trade Price Report (GCTPR). Domestic indices mirrored the positive trend, albeit at different rates across international markets. “Looking onwards, most regions are expected to witness a decrease in cement trade prices. In Asia-Pacific-Japan, however, a rapidly growing domestic demand in Bangladesh is pushing the regional

Med Basin and Persian Gulf cement prices remain flat in July

According to CW Research’s Cement and Clinker Price Assessments for Med Basin and Persian Gulf, FOB prices for cement and clinker have remained unchanged in July. Over the month, in the Mediterranean Basin region, trade prices for prompt deliveries of bulk ordinary Portland cement and clinker recorded a negligible decline when compared to June. Ana Almeida, CW Group’s analyst, observes: "In the Med Basin region, exporters have been having mixed sentiments

Dominican cement sector to near 6 million tons on infrastructure projects and ex …

According to CW Research’s 2018 update of the Dominican Republic Cement Market Report, domestic cement demand is projected to increase to 5.8 million tons a year in 2023, rising at an annual average rate of almost six percent. This positive trend will be supported by increasing cement exports to neighboring Caribbean markets, coupled with cement-intensive infrastructure projects, both road- and energy-related. The promising outlook for cement consumption in the coming years

Med Basin and Persian Gulf cement trade prices decline; outlook remains positive

According to CW Research’s Cement and Clinker Price Assessments for Med Basin and Persian Gulf, FOB prices for cement and clinker have faced slim decreases in June. During the month, In the Mediterranean Basin region, FOB prices for prompt deliveries of bulk ordinary Portland cement and clinker contracted when compared to May. As noted by Ana Almeida, Analyst with CW Research: "Cement and clinker traders in the Med Basin region are

White cement consumption to top 19 million tons on GDP growth and increasing con …

Between 2018 and 2023, white cement demand is projected to rise by an average of two percent per year, according to CW Research’s 2018 update of the Global White Cement Market and Trade Report. The lower demand growth rate anticipated for the period as compared to CW Research’s 2017 report is justified by the lower consumption anticipated in China. The slowdown in construction, already visible in the country, will have an

Global cementitious shipping market to be clouded by China-US trade war

In 2017, the total number of cement carriers topped 360 units, with the total dead weight tonnage surpassing 2.7 million, the highest figure recorded since 2010. According to CW Research’s 2018 update of the World Cement, Clinker & Slag Sea-Based Trade Report, this rising trend was boosted by a growing demand for cement carriers in key domestic trade markets. 2017 also recorded an increase in the transportation cost of almost all

Seaborne cementitious trade to top 150 million tons by 2023

Between 2018 and 2023, the total volume of sea-based traded cementitious materials will reach almost 151 million tons, according to CW Research’s 2018 update of the World Cement, Clinker & Slag Sea-Based Trade Report. The increasing trend represents an annual growth rate of over one percent, and is likely to be driven in particular by growing demand for clinker in limestone-scarce markets that are constantly increasing grinding capacity, and supply

Cement domestic and trade prices to rise in 2Q 2018

Gray cement trade prices recorded a general increase in the first quarter of 2018, according to the 1Q 2018 update of CW Research’s Global Cement Trade Price Report (GCTPR). Meanwhile, cement domestic indices displayed mixed trends across geographies. “The capacity reduction program that China is implementing will shape the future of the cement industry in Asia. As ex-works and retail prices become more advantageous for domestic manufacturers, their focus is

World lime market to reach USD 30 billion by 2023

Between 2018 and 2023, total lime production is expected to top 380 million tons, according to CW Research’s 2018 update of the Global Quicklime, Slaked Lime and Hydraulic Lime Market Report. Value-wise, the global lime market is projected to reach USD 30 billion over the same period, half of which will likely be accounted for by China. As the world’s largest lime producer, China’s lowering production levels have led to

Colombian cement demand to surpass 15 million tons by 2023

Over the next five years, cement demand in Colombia is expected to reach 15.3 million tons, according to CW Research’s 2018 Colombia Cement Market Report. This improvement will be more noticeable from 2019 to 2021, when CW Research anticipates large-scale projects to be in their most cement-intensive stages. “In the upcoming years, the cement sector in Colombia will be shaped by the 4G infrastructure projects. In one hand, that project will

Global cement demand to slide to 4 billion tons by 2050

Global cement consumption can decline three percent to 3.94 billion tons in 2050. According to CW Research’s long-term forecast on cement demand – available in the 1H2018 update of the Global Cement Volume Forecast Report (GCVFR) – factors such as environmental restrictions, cement substitutes and evolving construction methods would be among the main constraints for cement consumption in developed markets. Conversely, population growth and rising urbanization rates in emerging economies

Global cement volumes to rise through 2022, despite declining Chinese demand

Global cement consumption is forecasted to expand 0.7% per year on average in the period from 2017 to 2022, according to CW Research’s 1H2018 update of the Global Cement Volume Forecast Report (GCVFR). Global ex-China demand is expected to rise at an annual average rate of 3.6 percent, with advanced growth expected in most economies – a trend bound to be disrupted by a decline in China’s cement demand. As noted

Strong shipping industry driving Indian petcoke prices up in February

In February, India’s West Coast average CFR prices for high and mid-sulfur petcoke registered a slight uptick compared to the previous month, according to CW Research’s India Petcoke CFR Price Assessment. In February, prices for high-sulfur imported petcoke for the India CFR West Coast stood above $100 per ton, a modest increase compared to the previous month. Mid-sulfur imported petcoke prices also increased marginally, rising above the $113.50 per ton observed

Government projects driving Maldivian cement demand through 2019

According to CW Research’s 2018 Maldives Cement Market Report, overall cement demand in the country is expected to decline at an annual average rate of 3.3 percent in the next five years. The decreasing trend is expected to happen after 2019, due to the completion of large-scale construction projects. Filipe Gouveia, analyst with CW Research, observes: “While demand is expected to trend downwards in the following years, an expanding population and

Paper production boosted by rising demand in November

Greenwich (CT), USA, February 16, 2018 – According to CW Research’s Paper and Pulp Country Market Data coverage available on IPPWeek.com, paper volumes in November 2017 have displayed a positive development across international markets, namely France, Germany, and Japan; whereas Brazil continued to record a promising evolution in pulp production. As noted by Tea Vukicevic, associate analyst with CW Research: “2017 proved to have been a very positive year for the

Chinese and Indian petcoke production rise in November; Brazil remains pressured

According to CW Research’s “Petcoke Country Market Data”, during November 2017, petcoke production kept improving in important markets, such as China and India, despite environmental constraints over its usage in cement production. Conversely, in Brazil, petcoke consumption mirrored a contracting cement output. In China, a high demand for fuel is keeping petcoke prices strong. On November 15, measures to combat smog started to be implemented, meaning that some industrial facilities shut

Cement plant equipment market to reach USD 9.0bn by 2022

GREENWICH, Conn. - Jan. 5, 2018 - According to CW Research (https://www.cwgrp.com/research)'s recently published World Cement Equipment Market and Forecast Report (https://www.cwgrp.com/research/research-products/product/265-world-cement-equipment-market-and-forecast-report), the market for cement manufacturing related equipment and services is projected to reach USD 9.0 billion by 2022. However, as greenfield cement plant projects remain scarce, upgrades to existing cement plants will become relatively more important; equipment relating to upgrades (i.e., excluding service-related spend) will move from representing

Indian and Chinese petcoke production recover in October; Brazil remains pressur …

According to CW Research’s “Petcoke Market Data”, in the second half of 2017 production of green petcoke in India and China has been on the rise, slowing down the need for imports from the US and Saudi Arabia. Meanwhile, in Brazil, petcoke output remains pressured by a slim demand. In India, discussions on banning petcoke as a fuel have shaken up the industry. While a nationwide ban is still being discussed,

World cement market: outlook through 2022 upgraded, challenges abound

Global cement consumption is projected to expand 2.2 percent per year on average in the period from 2017 to 2022, reaching 4.7 billion tons. Cement demand is picking up in advanced economies, but facing slower growth in developing economies. Outside China world cement demand is expected to grow faster at 3.9 percent, according to CW Research’s 2H2017 update of the Global Cement Volume Forecast Report (GCVFR). “For the cement industry, spillovers

Crude prices to curb oil well cement consumption through 2022

Greenwich (CT), USA, October 2, 2017 – The market for global oil well cement, a specialty niche cement product used in oil, gas and geothermal well-bore drilling, is projected to exceed five million tons by the end of 2017. The figure represents a 26 percent decline versus the 2013 peak, according to CW Research’s World Oil Well Cement Market Forecast 2022. Nonetheless, the outlook for oil well cement is not all

World refractory market to expand on quality-driven consumption

Greenwich (CT), USA, September 4, 2017 – The value of the global refractory market is projected to expand at an annual average of 3.4 percent through 2021. An important facet of the outlook is that the trend towards higher quality products is expected to continue, according to CW Research’s Global Refractory Market Report. More tactically, 2017 is performing relatively well, with refractory consumption volumes increasing by four percent compared to

Indian petcoke prices slip in 2H FY2017-18

Greenwich (CT), USA, August 16, 2017 – High-sulfur and low-sulfur petcoke CFR prices have declined in India West Coast, between June and mid-August 2017. According to CW Research’s India Petcoke CFR Price Assessment, high-sulfur petcoke prices dropped two percent. CFR prices for low-sulfur petcoke suffered a similar decrease percent up to mid-August, after a continuous rise since the start of the year that led them to surpass the USD 100

Petcoke production rises in Asian markets, while Brazil shows a downward trend

Greenwich (CT), USA, August 7, 2017 – According to CW Research’s “Petcoke Market Data”, importers have recorded mixed trends in May 2017, production-wise. While Asian markets have increased production, political instability and lower cement production in Brazil has propelled a reduction in demand and production. In India, year-to-date production has recorded a five percent increase of petcoke market volumes until May 2017, when compared to the same period in the previous

Middle East outputs decrease YoY, while Asia-Pacific cement volumes edge up

Cement market volumes have dropped in the Mediterranean Basin and the Middle East in May 2017. However, the Asia Pacific region recorded a positive trend, according to CW Research’s Cement Country Market Data reporting. In the Mediterranean Basin, cement industry data shows the Moroccan market has been struggling with an unstable cement demand from the real estate sector. Domestic cement sales dropped eight percent on a yearly basis, having reached 1.2

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