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FOB prices for Portland cement decreased in March 2021 both in the Persian Gulf-Arabian Sea and in the Mediterranean Basin, down by almost 1 percent month-on-month, while East African CFR prices for bagged cement slightly increased, according to CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf-Arabian Sea & East Africa.
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In spite of the challenges the global economy has been facing over the past five years, heightened by Covid-19, the global white cement market managed to come out relatively unscathed, with demand slightly increasing between 2016 and 2021, according to the 2021 update of CW Research's Global White Cement Market and Trade Report.
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Oil well cement (OWC) consumption is expected to increase in 2021, yet reaching less half of the peak consumption levels recorded in 2014, according to CW Research's World Oil Well Cement Market Forecast 2026.