In June, FOB prices for bulk ordinary Portland cement remained unchanged in the Persian Gulf and Arabian Sea region. Prices for prompt deliveries of bulk ordinary grade clinker had a single digit contraction in the same period.
According to the report, East African CFR prices for bagged cement declined by a single digit when compared to the previous month.
According to Raluca Cercel, Consulting Analyst with the CW Group’s European team: “Traders in the Persian Gulf-Arabian Sea region remain optimistic in June, despite Ramadan season lull. Some unexpected conditionings in the region can prove advantageous for some key players.”
CW Research’s June update to Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment report covers the latest news in the region’s trading situation.
The monthly report also includes details about shipping indices for dry bulk tendency and its reasons, as well as the latest trend in the bunker oil futures.
CW Research’s leading role in the global cement and clinker sector forms the underpinning for the monthly price assessment. Price points are based on the analyst team’s on-going discussions with cement traders, producers, exporters and other stakeholders in the business and reflect a synthesis of actual traded cargos.