CW Research: Med Basin cement and clinker FOB prices recover in January

In the Mediterranean Basin region, FOB prices for prompt deliveries of bulk ordinary Portland cement and clinker recorded a slight expansion when compared to the previous month, according to CW Research's January update of Mediterranean Basin cement and clinker prompt delivery cargo price assessment.

Commenting on the price development, Ana Almeida, Analyst with the CW Group's European team, noted: "In Med Basin, cement exporters are witnessing a slight hike in export prices as a consequence of increasing production costs, but also following an encouraging uptick in demand for the commodity.ÔÇØ

CW Research's January update to Mediterranean Basin Cement and Clinker price assessment report covers the latest happenings in the region's trading situation.

Moreover, the monthly report also includes details about shipping indices of 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.

"In Med Basin, cement exporters are witnessing a slight hike in export prices as a consequence of increasing production costs, but also following an encouraging uptick in demand for the commodity.ÔÇØ