Features Cement prices still rising in November; clinker shows regional variations 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Markets & Competition Titan America set for US equity market debut Expansion plans for Titan's US business May 10, 2024 Volume & Pricing Yanbu Cement to upscale green cement production Green cement output set to increase in Saudi Arabia May 10, 2024 MOST READ Markets & Competition FLSmidth Cement signs service pact with TITAN Group Expanding service agreement enhances cement industry May 02, 2024 Environment Prometheus Materials produces cement with algae Startup innovates zero-carbon May 06, 2024 Cement prices still rising in November; clinker shows regional variations According to CW Research's Cement and Clinker Price Assessments for Mediterranean Basin and Persian Gulf, FOB prices for cement dispatches continued to increase, while clinker deliveries in mid-November recorded mixed trends. Over the period, in the Mediterranean Basin, trade prices for prompt deliveries of bulk ordinary Portland cement rose by close to 4 percent when compared to the mid-October update. In contrast, FOB prices for deliveries of bulk ordinary grade clinker plummeted 5 percent month-on-month. ÔÇ£In Algeria, the government is aiming to tackle its increasingly problematic cement oversupply by promoting the use of cement in national road projects, with about four million tons to be used for these plans,ÔÇØ assesses Prashant Singh, CW Group's Associate Director. Meanwhile, in Turkey, cement producers are expecting their export revenues to double to over USD 1 billion this year. In the first eight months of the year, volumes have risen 70 percent year-on-year. Pakistan hit by economic downturn In mid-November, in the Persian Gulf and Arabian Sea region, export prices for Portland cement continued to inch up almost 1 percent month-on-month. FOB prices for prompt deliveries of bulk ordinary grade clinker displayed a solid 7-percent increase when compared to October. ÔÇ£The Pakistani cement market has been severely hit by the economic downturn. Government measures to stimulate the economy have been unsuccessful in stimulating demand ÔÇô in fact, government measures resulted in the increase in energy and transportation costs ÔÇô thus negatively impacting the cement sector's profitability,ÔÇØ observes Carolina Pereira, Business Analyst at CW Group. In Qatar, Eastern Province Cement's profit jumped 300 percent in the third quarter, and surged 159 percent in the first nine months of the year due to higher cement sales, a recovery in domestic market demand, and lower selling and marketing expenses. Um Al-Qura Cement was also able to recover from a net loss in the third quarter of 2018 to a profit in the equivalent period of 2019, as the amount and value of sales improved, as did average cement selling prices. The Cement and Clinker Price Assessments for Med Basin and Persian Gulf are part of CW Research's price assessment series for tradable commodities. The reports offer prompt cargo (next 30-60 day deliveries) pricing insights, regular monitoring of the market and an overview of key developments that are crucial for those involved in the cement and clinker trade to understand. The monthly price assessments synthesize key market information based on CW Research analystsÔÇÖ ongoing interactions with market participants, including traders, exporters, buyers and other stakeholders involved in the cement and clinker trade. Find out more here Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline