S&P Global Commodity Insights Launches Weekly Platts Cement Price Assessments for Turkey and Associated Freight to Europe and North America

Market Overview - Cement is the key ingredient in concrete, the world's second most consumed product, and serves as the foundation of the global construction industry [2] - The global cement market has an estimated value of $400 billion [2] - Cement accounts for approximately 8% of total global emissions, driving demand for price transparency due to decarbonization efforts [2] New Product Launch - S&P Global Commodity Insights launched a pioneering suite of cement and clinker price assessments, marking a first in the market [1] - The new assessments include cement price evaluations for Turkey and associated cement freight to Europe and North America [3] - The assessments incorporate market data reflecting the value of cement, clinker, and associated freight in the spot market, considering bids, offers, trades, and other indicators [5] Industry Impact - The introduction of cement and clinker assessments promotes transparency across the broader minerals value chain, meeting the information needs of market participants [4] - The assessments provide essential transparency and high-quality information to market participants as the industry faces increasing scrutiny over carbon emissions [3] - The launch reinforces Platts' commitment to supporting the cement sector as it adapts to evolving regulatory and reporting requirements [3] Regional Focus - Turkey is a leading player in the global cement and clinker trade, bolstered by outstanding logistics capabilities, strict adherence to quality standards, and well-established relationships with major importers [3] - Turkey's strategic geographical location enhances its role as a key cement supplier in the region, with anticipated expansion as neighboring countries embark on rebuilding efforts following recent conflicts in the Eastern Mediterranean region [3] Company Background - S&P Global Commodity Insights is a division of S&P Global, providing a complete view of global energy and commodity markets, enabling customers to make decisions with conviction and create long-term, sustainable value [7][9] - The company offers a comprehensive suite of fertilizer and minerals assessments, including benchmarks in ammonia, urea, sulfur, and phosphate markets [6] - S&P Global Commodity Insights maintains clear structural and operational separation between its price assessment activities and other activities carried out by the company and other business divisions of S&P Global [8]