Features Med Basin cement prices increase in January supported by Turkish and Algerian exports 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Environment Cemvision intensifies partnership with Peab on green cement Partnership with Cemvision marks sustainability May 14, 2024 Plant Expansions Bey Çimento expands with two cement factories Investments signal growth in cement May 14, 2024 MOST READ Markets & Competition Botswana to ban cement imports Government implements cement import ban to reduce import May 07, 2024 Environment Prometheus Materials produces cement with algae Startup innovates zero-carbon May 06, 2024 Med Basin cement prices increase in January supported by Turkish and Algerian exports Average export prices for cement and clinker continued their upward trajectory in the Mediterranean Basin while declining in the Persian Gulf-Arabian Sea and East Africa in January 2021, according to CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf-Arabian Sea & East Africa. FOB prices for both Portland cement and clinker in the Mediterranean Basin saw a monthly increase of almost 1 percent while in the Persian Gulf-Arabian Sea and in East Africa FOB prices for both Portland cement and clinker declined by an estimated 1 percent month-on-month. ÔÇ£Cement prices in the Mediterranean Basin continued to reflect the robust performance of Turkish and Algerian cement exports. In the Persian Gulf, prices have cooled down in the past months, stabilizing around USD 35 per ton despite the sales rebound in Saudi Arabia and production growth in Iran and Qatar,ÔÇØ observes Juliana Vieira, Business Analyst at CW Group. Iranian cement production increases between March and December 2020 Iranian cement output saw a 15 percent growth year-on-year in the first nine months of the current Iranian year (March 21 to December 20), to almost 54 million tons, according to Iran's Industry, Mining, and Trade Ministry. Qatar's Industrial Production Index (IPI) for October 2020 increased 3 percent compared to September, with cement production showing the second largest increase in the manufacturing category, growing by almost 10 percent. Meanwhile, in Saudi Arabia, domestic cement sales rose by almost 21 percent and exports increased by about 10 percent in 2020. Turkish exports reach nearly USD 1 billion in 2020 Turkish cement exports totaled 30 million tons in 2020, worth nearly USD 1 billion. With good prospects, Turkey's Bursa ├çimento announced that will launch a new fully integrated clinker line set to start by the end of 2022. On the other hand, in Spain, cement demand declined by 1.5 million tons in the first eleven months of 2020 compared to the same period last year. Shipping market outlook In terms of shipping at a global level, the Baltic Dry Index reached 1,856 points on January 13, the highest in over three months, up 645 points from December 11. The Capesize and the Panamax markets saw strong demand in the beginning of January, with rising demand from Atlantic routes, while the Handysize market recorded a slow start to the year. In terms of vessel trade, the Bangladeshi industrial conglomerate, Meghna Group, placed an order at Yangzi-Mitsui Shipbuilding for the construction of four 66,000 dwt Ultramax bulkers. 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 report offers prompt cargo (next 30-60 days deliveries) pricing insights, regular monitoring of the market and an overview of key developments that are crucial for those involved in the cement, clinker and petcoke trade to understand. The monthly price assessments synthesize key market information based on CW Research analysts' ongoing interactions with market participants, including traders, exporters, buyers and other stakeholders involved in the cement, clinker and petcoke trade. Find out more about the report 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