Clinker Market Fluctuations in early 2025
After a prolonged period of stagnation, the clinker market finally showed clearer signals of change in December 2024 and early January 2025.
For state-owned factories, high floor price policies significantly reduced clinker export volumes. Previously, Bangladesh had been Vietnam’s largest clinker importer, but with prices now reaching $34-37 per ton, interest from this market has nearly vanished. In response, state-owned factories have shifted their focus to producing finished cement products, targeting higher-value markets and aiming to increase the industry’s average price level.
Record Low Prices for Private Producers
In contrast, private factories, driven by the need for cash flow and inventory clearance, lowered their clinker prices to a record low of $28-30 per ton during late 2024 and early 2025. However, the quality of products during this period was noted to vary significantly. The sharp price drop triggered a surge in demand, with end-importers rushing to purchase, pushing factory production capacities to their limits through February 2025.
Future Price Trends
By March 2025, clinker prices from both state-owned and private producers are expected to stabilize. Import order volumes are also predicted to decrease compared to the previous period of heightened activity. Whether the market will recover in both pricing and volume remains an open question, with no definitive answers yet.
Author: Elly Nguyen – Sales Manager of Supas Vietnam
Whatsapp: +84 369 980 010