Our Price Explained
-
What are the Platts Cement and Clinker price assessments?
What are the Platts Cement and Clinker price assessments?
With increased calls for sustainability, the cement and clinker industry stands at a crossroads, where the demand for decarbonization meets the necessity for profitability in a fiercely competitive market. As the key ingredient in concrete, which is the world's second most consumed product, cement is the bedrock of the global construction trade with consumption soaring to 4.4 billion mt in 2023. Clinker also remains a critical component in cement production and a vital part of global trade.
This dynamic landscape makes timely and accurate pricing information not just beneficial, but vital for industry leaders and stakeholders. Platts’ suite of cement and clinker assessments delivers transparent and reliable pricing information, reflecting the true value of these vital construction materials in the global market.
Platts publishes seven weekly assessments pertaining to cement, clinker, and associated freight:
- Platts CEMDEX Turkey; reflecting CEM I 42.5 R Ordinary Portland Cement FOB Turkey
- Clinker FOB Turkey; reflecting OPC grey clinker
- Cement Freight; Mediterranean - Houston basis 40kt
- Clinker Freight; Mediterranean – S. Europe basis 40kt
- Cement FOB Vietnam; reflecting ASTM Type I Cement
- Clinker FOB Vietnam; reflecting OPC grey clinker
- Cement CIF Houston; reflecting ASTM Type I-II
-
How do we assess these price assessments?
How do we assess these price assessments?
Platts cement and clinker assessments consider market data to reflect the value of cement, clinker and associated freight in the spot market – providing insight into pricing at key cement hubs. Platts uses information gathered directly from market participants in order to assess prices weekly.
Prices are assessed taking into account all bids, offers, trades, other information gathered during the week up to market close (1630 London time for EMEA assessments, 1630 Penang time for Asia assessments, 1630 São Paulo time for US assessments) on Thursdays prioritizing inputs received nearest to the close of the assessment period.
Platts publishes relevant information collected that meets its methodological standards, typically through real-time information services as ‘heards’ all day with as much transparency as possible in order to test information within the market. The published heards encompass various specifications for the cement, clinker markets beyond the assessed specifications, and information is normalized where possible.
Trades for other terms, quantities, ports, vessel sizes and loading rates may be normalized to the above basis for assessment purposes.