GGBFS Price Trend and Forecast

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Market Overview

For the Quarter Ending March 2022

North America

Ground-granulated blast-furnace slag (GGBFS) prices have remained nearly buoyant for this quarter on the back of rising energy feedstock prices. Prices have increased effectively this quarter due to firm demand from the downstream cement manufacturers. In North America, supply has been limited as the region's production has been sluggish and import amounts have been reduced due to high freight costs. Pricing offers for Si0₂ grade GGBFS have increased due to escalating downstream demand from the cement industry amid inadequate supplies from regional players. The price of GGBFS (SiO₂– 35 percent) Ex-Texas was last assessed at USD 50/MT during February 2022. Moreover, ongoing conflict between Russia and Ukraine has been putting an upward pressure upon upstream values across the global market, hence exacerbating the inflationary pressure upon global key players. With the limited supply in the region, particularly in the United States, pricing levels are projected to continue to surge, implying that the market will remain tight.

Asia Pacific

In Asia, the Ground-granulated blast-furnace slag (GGBFS) market continued to exhibit upward price trajectory in Q1 2022 with a gain roughly about 2% (January-February) driven by the production halts, suspended operations on the account of Chinese New Year. The upstream Silica market was also under pressure from rising feedstock Crude Oil and energy prices since the beginning of Q1 of 2022. In addition, Russia’s invasion on Ukraine has disrupted the global market fundamentals, thereby, enhancing demand from downstream construction sector in the overseas market. The Chinese key players, post the holiday break, have witnessed increased enquiries for the product which led to the implementation of positive base price revisions across the region. The price discussions reached USD 46/MT for GGBFS (SiO2– 35%) Ex- Xinjiang in February 2022.

Europe

German market has seen an uprise for GGBFS and was recorded at USD 51/MT Ex- Hamburg in the month of February. The price rose due to rising demand from construction companies especially in developed economies like Germany, as they are preferring GGBFS to Portland cement due to its low carbon emission. The European union scheme to reduce the greenhouse gas emissions also contributed to the increased demand for GGBFS, since the Portland cement production kiln is a major producer of greenhouse gas emissions. Germany imports its upstream Silicate from Netherlands, and the production in Netherlands was suffering from shortage of feedstocks due to disrupted trading across Europe due to ongoing Russia-Ukraine war, escalated during February.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for GGBFS is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the GGBFS market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various GGBFS manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global GGBFS market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe. Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global GGBFS market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis. Finally, region-specific markets for GGBFS are analyzed and region-wise demand pattern is tracked.

About

Ground Granulated Blast Furnace Slag (GGBFS) is technically a waste product that finds application in the cement industry. GGBFS is produced as a co-product while producing Iron in a blast furnace; manufacturers find its effectiveness as an additive, as it improves strength and durability when added to concrete. Thus, GGBFS is a widely used material in making Portland Cement, which is primarily utilized for making Dams and water bridges. GGBFS contains CaO (30%-50%), SiO₂ (28%-40%), Al₂O₃ (8%-24%) and MgO (1%-18%). There are several benefits of using GGBFS in concrete, like it improves strength and durability, reduces voids, provides workable density, etc.

Product Specific Details

CAS No:	65996-69-2
HS Code:	261800
Grade:	Industrial (35% SiO2)
Contract Size:	100-200 MT
Packaging Type:	50kg, 500kg, 1 Ton

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GGBFS Price Trend and Forecast

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