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. With the increasing demand for construction materials and the growing complexity of the construction market, there is a pressing need for accurate and reliable price assessments for cement and cement clinker. This new suite of assessments from Platts aims to meet this growing need and provide market participants with valuable pricing information to make informed decisions.
The launch of these assessments comes at a time when the global construction industry is experiencing significant growth and evolution. As urbanization continues to rise and infrastructure projects become more complex, the demand for cement and cement clinker is expected to increase in the coming years. With these new assessments, industry players will have access to timely and transparent pricing information, enabling them to better navigate the market and optimize their supply chains.
By introducing these first-in-market assessments, Platts is setting a new standard for transparency and accuracy in the cement and cement clinker market. As a trusted source of information and insights, Platts is well-positioned to meet the information needs of the global construction industry and support its continued growth and development.
How will this affect me?
As a consumer of construction services or products, the launch of these new price assessments could have a direct impact on the cost and availability of materials for your projects. By providing transparent and reliable pricing information, these assessments can help you make more informed decisions and potentially save costs in the long run. Additionally, the increased transparency in the market could lead to more competitive pricing and better quality products for consumers.
How will this affect the world?
The introduction of these pioneering price assessments is expected to have a positive impact on the global construction industry as a whole. By providing market participants with up-to-date pricing information, these assessments can help improve market efficiency and foster competition. This, in turn, can lead to better infrastructure development, increased accessibility to construction materials, and overall economic growth in the industry. Ultimately, the launch of these assessments marks a significant step towards a more transparent and sustainable construction market.
Conclusion
The launch of Platts’ new suite of cement and cement clinker price assessments is a game-changer for the global construction industry. By providing market participants with accurate and timely pricing information, these assessments will help drive innovation, improve efficiency, and support the industry’s continued growth. With the increasing demand for construction materials and the evolving nature of the construction market, these assessments are poised to become an essential tool for industry players looking to succeed in the modern construction landscape.
