First in Market Assessments Meet Growing Information Needs
of Global Construction Industry
NEW
YORK and LONDON,
Jan. 23,
2025 /PRNewswire/ -- Platts, part of S&P Global
Commodity Insights, the leading independent provider of
information, data, analysis, benchmark prices and workflow
solutions for the metals, commodities, energy and energy transition
markets, today announced the launch of a pioneering suite of
cement and cement clinker price assessments, marking a first in the
market.
Cement, the key ingredient in concrete — the world's second most
consumed product — serves as the foundation of the global
construction industry. Clinker is an essential component in cement
production particularly in the manufacturing of Portland cement. With an estimated market
value of $400 billion, cement
transactions have traditionally involved a limited number of
producers and end users. The push for decarbonization is
driving a heightened demand for price transparency, as cement
accounts for approximately 8% of total global emissions, according
to the World Economic Forum. New regulations such as the EU's
Carbon Border Adjustment Mechanism set to take effect in 2026, are
increasing pressure on cement producers to meet environmental
sustainability standards.
Robert Beaman, Global Director
of Fertilizers and Minerals at S&P Global Commodity
Insights, commented: "We are thrilled to announce the launch of
our inaugural cement price assessments for Turkey and associated cement freight to
Europe and North America, a groundbreaking initiative
that underscores the significant size and importance of the global
cement market. As the industry faces increasing scrutiny over
carbon emissions, these assessments provide essential transparency
and high-quality information to market participants. This launch
marks the first-ever set of cement assessments by a Price Reporting
Agency, reinforcing Platts' commitment to supporting the cement
sector as it adapts to evolving regulatory and reporting
requirements."
Turkey is a leading player in
the global cement and clinker trade. The country is bolstered by
outstanding logistics capabilities, strict adherence to quality
standards and well-established relationships with major importers.
Turkey's strategic geographical
location further enhances its role as a key cement supplier in the
region, which is anticipated to expand as neighboring countries
embark on rebuilding efforts following recent conflicts in the
Eastern Mediterranean region.
The introduction of these cement and clinker assessments further
promotes transparency across the broader minerals value chain,
meeting information needs of participants. Cement and clinker are
vital in the construction industry, complementing S&P's
coverage of metals and chemicals, including the use of steel rebar
and copper pipes, as well as nylons for windows, paints, lacquers,
and polyurethane for insulation.
The new suite of S&P Global Commodity Insights cement and
clinker price assessments incorporates market data to reflect the
value of cement, clinker, and associated freight in the spot
market, taking into account bids, offers, trades, and other
indicators — providing insights into pricing at key cement
hubs.
Click on the links to access the subscriber note, and FAQ.
S&P Global Commodity Insights also offers a comprehensive suite
of fertilizer and minerals assessments, including benchmarks in
ammonia, urea, sulfur, and phosphate markets. For further
details on S&P Global Commodity Insights' fertilizer offerings,
visit: Fertilizers | S&P Global.
Media Contacts:
Americas: Kathleen Tanzy + 1
917-331-4607, kathleen.tanzy@spglobal.com
EMEA: Paul Sandell + 44 (0)7816 180039,
paul.sandell@spglobal.com
Asia: Melissa Tan
+ 65-6597-6241, melissa.tan@spglobal.com
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of
global energy and commodity markets enables our customers to make
decisions with conviction and create long-term, sustainable
value.
We're a trusted connector that brings together thought leaders,
market participants, governments, and regulators and we create
solutions that lead to progress. Vital to navigating commodity
markets, our coverage includes oil and gas, power, chemicals,
metals, agriculture, shipping and energy transition.
Platts® products and services, including leading
benchmark price assessments in the physical commodity markets, are
offered through S&P Global Commodity Insights. S&P Global
Commodity Insights maintains clear structural and operational
separation between its price assessment activities and the other
activities carried out by S&P Global Commodity Insights and the
other business divisions of S&P Global.
S&P Global Commodity Insights is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information visit
https://www.spglobal.com/commodity-insights/en.
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SOURCE S&P Global Commodity Insights
