PCA Forecasts Cement Consumption Decline Into 2021

cement plant

The Portland Cement Association (PCA) released its annual Fall Forecast, which predicts a modest decrease in cement consumption during 2020 and 2021. PCA Market Intelligence expects cement consumption, based on the weighted average of three different economic scenarios, will lessen by 1.5% for the remainder of 2020 and 0.9% in 2021.

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This Week’s Market Buzz

• Oil futures lost ground at press time, prompting prices to turn lower for the week, as an accelerating rise in COVID-19 cases in the U.S. and Europe heightens worries about demand for crude. West Texas Intermediate crude for November delivery fell 58 cents, or 1.4%, to $40.38 a barrel on the New York Mercantile Exchange, December Brent crude was…

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U.S. Great Lakes-Seaway Ports Still Feeling COVID-19 Impact

The latest results show that Great Lakes-Seaway shipping continues to feel the impact of the global pandemic. According to the latest numbers from the St. Lawrence Seaway, tonnage through the bi-national transportation corridor totaled 3.9 million metric tons (Mt) in July to bring the year-to-date total (from April 1 to July 31) to nearly 15.6 Mt, or just less than 8% below a year ago.

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CEMEX Secures Aid for Non-Profits Across California

CEMEX USA’s philanthropic arm, the CEMEX Foundation, has awarded grants to more than 20 different nonprofit organizations across California, and the funding is expected to help provide food, housing, childcare, access to education and other vital support to communities in need as part of the company’s response to the COVID-19 pandemic. 

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