Cement Clinker Pricing in China

Understanding Cement Clinker Costs in China

The export price for cement clinker in China experienced a notable decline, averaging $103 per ton, which represents a 33.3% decrease compared to the previous year. Despite this downturn, there had been significant fluctuations in export prices over the years. For instance, one of the highest spikes occurred when prices surged by 102%, reaching a peak of $155 per ton before the sharp decrease.

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When evaluating the primary international markets, it became evident that price disparities existed. Brazil ranked as the highest-priced export market at $500 per ton, contrasting with Guinea, where the average export price was significantly lower at just $34 per ton. Furthermore, from the years to the present, Brazil saw the most substantial growth rate of 29.1% in cement clinker prices, while other major destinations experienced slower growth rates.

CIF Pricing for Cement Clinker in China

In 2021, the average import price for cement clinker settled at $46 per ton, marking a 16.6% decrease from the previous year's figures. The fluctuations in import prices suggest a relatively steady trend over the years. In particular, an impressive rise of 92% was noted in 2020, bringing the import price to its zenith at $86 per ton. However, this momentum was not sustained in the following years.

Import prices varied considerably depending on the country of origin, with Thailand's imports priced at the highest average of $379 per ton, whereas Vietnam offered a more competitive price at $33 per ton. Between recent years, Thailand recorded a modest price increase of 7.1%, while the import prices from other major suppliers showed differing trends.

Cement Clinker Exports from China

In recent reports, China's cement clinker exports saw an impressive surge to 219K tons, achieving a 132% increase year-on-year. This growth signifies a robust expansion in the exports sector, positioning cement clinker as a critical product in international trade.

In terms of value, cement clinker exports soared to $23M, indicating a strong upward trajectory. This growing trend in exports is expected to persist, continually stimulating growth in both production and international demand.

Top Export Markets for Chinese Cement Clinker

The primary destinations for Chinese cement clinker exports highlight diverse regional demands:

1. Hong Kong SAR (58.6K tons)
2. Fiji (47.3K tons)
3. Myanmar (24.8K tons)
4. Guinea (23.6K tons)
5. Malaysia (19.9K tons)
6. Macao SAR (19.2K tons)
7. South Africa (6.1K tons)
8. South Korea (2.9K tons)
9. Australia (0.1K tons)

Cement Clinker Imports in China

Currently, cement clinker imports have faced a severe decline, dropping to 436K tons, a staggering decrease of 94.8% compared to previous years. Overall, the trend suggests a consistent downturn in imports, with the least decline recorded in a specific recent year at -16.8%.

In terms of value, the marked decline in cement clinker imports amounted to $20M. Over recent years, the import market has exhibited a significant contraction, with the peak in imports recorded at $1.4B in a prior period. As China grapples with these shifts, the dynamics of both import and export markets continue to evolve.

Leading suppliers of cement clinker to China currently include:

1. Vietnam (591.0K tons)
2. Japan (0.4K tons)
3. South Korea (0.2K tons)

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