In November, FOB prices for bulk ordinary Portland cement contracted in the Persian Gulf and Arabian Sea region, while prices for prompt deliveries of bulk ordinary grade clinker had a single digit decrease in the same period.
According to the report, East African CFR prices for bagged cement dropped by a marginal percentage when compared to the previous month.
According to Ana Almeida, Analyst with the CW Group’s European team: “Persian Gulf traders are bracing with overcapacity and a seasonal decrease in demand at the end of the year, but remain hopeful that domestic market demand will pick up as international markets subdue.”
CW Research’s November 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.