November showcases cement FOB and CIF prices fall 2+% and 7+% in Americas
CW Research, leader in customized market research solutions, introduces in November the much-anticipated monthly price assessment covering two distinct price markers (US West Coast bulk Portland cement CIF and Caribbean / US Gulf bulk Portland cement CIF / FOB), as part of ÔÇ£Cement and Clinker Price AssessmentÔÇØ product series.
CW Research's Price Assessment - Cement and clinker price markers: Americas shows November FOB prices for ordinary Portland cement declined by 2+ percent MoM, while the CIF prices marked a 7+ percent MoM decrease for US West Coast and Caribbean / US Gulf.
This decline is significantly influenced by the downward movement of shipping rates to the lowest level in twenty years and the CIF prices of exporters from Vietnam, Turkey and South Korea targeting the Caribbean and South American market. These prices are more competitive in comparison to the CIF prices from European manufacturers to the US Gulf region.
CW Research's monthly price assessment highlights multiple factors that are changing the dynamics on a regional level, including the Jamaican exports to Venezuela, and the significant shortfall between supply and demand in Paraguay leading to increased cement imports. Additionally, new quality standards established at the end of October by Costa Rica will impact the availability of imported cement and the construction sector in the country.
ÔÇ£The combination of lower freight rates and increased competition for export markets is turning out to be a positive story for import prices in the Americas, and chances are we will see soon more players attempting to ship to the marketÔÇØ explains Raluca Cercel, Consulting Analyst with the CW Group's European team.
CW Research's leading role in the global cement 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.
****
The full monthly update is available as an annual subscription in individual or corporate license forms. For questions and orders, please contact Liviu Dinu, Market Services & Marketing Consultant, CW Group (Europe), at [email protected] or +40-744-67-44-11.
****
For more information or interview inquiries, please contact Luciana Murarasu, Marketing & Communications Coordinator, CW Group (Europe), at [email protected], or +40-748-91-84-50.
CW Research's Cement price markers: Americas product is a monthly report providing ly updates on actual pricing for cargoes with prompt delivery (next 30-60 days). The unique product synthesizes key market information based on CW Research's analystsÔÇÖ interactions with market participants, including traders, exporters, buyers and other stakeholders involved in the cement trade.
The product covers two distinct monthly price reference points for bulk cargoes:
- US West Coast bulk Portland cement CIF
- Caribbean / US Gulf bulk Portland cement CIF/FOB
The report is part of CW Research's ÔÇ£Cement and Clinker Price AssessmentÔÇØ product series that provide regional insights for end-user centric pricing information for gray cement and clinker, oil well cement and India petcoke CFR.
For those interested in CW Research's price assessments, please contact the sales team at [email protected] or +1-702-866-9474. For more information: http://www.cwgrp.com/index.php/research/research-products/price-assessments/product/15-price-assessment-cement-and-clinker-price-markers-americas