Features Med Basin and Persian Gulf cement trade prices remain flat in July 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Financial CRH registers strong 1Q24 performance CRH thrives despite seasonal trends May 13, 2024 Plant Expansions JSW Cement launches production unit in Rajasthan Expansion into North India marks strategic growth May 13, 2024 MOST READ Environment Prometheus Materials produces cement with algae Startup innovates zero-carbon May 06, 2024 Markets & Competition Botswana to ban cement imports Government implements cement import ban to reduce import May 07, 2024 Med Basin and Persian Gulf cement trade prices remain flat in July According to CW Research's Cement and Clinker Price Assessments for Med Basin and Persian Gulf, FOB prices for cement and clinker have remained unchanged in July. Over the month, in the Mediterranean Basin region, trade prices for prompt deliveries of bulk ordinary Portland cement and clinker recorded a negligible decline when compared to June. Ana Almeida, CW Group's analyst, observes: "In the Med Basin region, exporters have been having mixed sentiments towards the next months based on the last export figures. At the same time, North African countries persist on their competitiveness in the external market and on raising their international presence." During the first quarter of 2018, Turkey registered a double-digit increase in its cement production, as well as in exports, which accounted for almost ten percent of the country's total output. Sales figures also saw a double-digit improvement YoY. Behind this increase was the low-base effect caused by the harsh winter in the first months of last year. Saudi Arabia accumulating inventory on low sales In July, FOB prices for both bulk ordinary Portland cement and prompt deliveries of bulk ordinary grade clinker slipped less than one percent month on month in the Persian Gulf and Arabian Sea region. As noted by Ana Almeida, analyst with CW Group's European team: "In the Persian Gulf-Arabian Sea region, Pakistan, one of the most important cement exporters, is optimistic in its forecasts for the coming months. The devaluation of its currency has proven to be one of the main drivers." In Saudi Arabia, cement sales registered a decline of 16.7 percent year-on-year during April and May this year. Industry restructuring measures and holidays in the period were pointed as the factors behind the decline. Reflecting the depressed sales, producers in the country saw their level of inventory edge up quarter-on-quarter to around 36 million tons in May. As such, cement companies are expecting the second quarter of the year to register lower figures when compared to 2017, which is likely to have a negative effect on revenue. 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