Volume & Pricing October sees cement & clinker FOB prices fall 4% in Med Basin and 10+% in Middle East 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email MOST READ Environment Sinoma and Heidelberg Materials unveil new Collaboration signals green era for cement industry May 10, 2024 Markets & Competition Argos halts concrete production Company halts concrete production to focus on cement and May 15, 2024 October sees cement & clinker FOB prices fall 4% in Med Basin and 10+% in Middle East CW Research Cement & Clinker Price Assessment: Med Basin, Persian Gulf ÔÇô Arabian Sea & East Africa The Med Basin and the Persian Gulf ÔÇô Arabian Sea cement and clinker October monthly bulk FOB, prompt delivery cargo price assessment for traded (export and import) cement and clinker prices showed significant downgrades. ÔÇ£A backdrop of an appreciating USD is creating a string down-draft for internationally traded cement and clinker in a broad sense. But additionally, exporters in the Med Basin and Persian Gulf - Arabian Sea continue to compete fiercely for the same ÔÇô and in some cases shrinking - markets - a fact reflected by price declines in both regionsÔÇØ explains Raluca Cercel, Consulting Analyst with the CW Group's European team. Med Basin cement bulk FOB declined by 4.3 percent MoM, while the Persian Gulf ÔÇô Arabian Sea region saw prices facing a double-digit decrease. For OPC-grade clinker the trend was similar with a┬á negative price direction FOB bulk cargoes, for both regions: a 0.8 percent MoM contraction for Med Basin exporters, while Persian Gulf - Arabian Sea countries saw clinker export prices fall by close to 10 percent MoM. Lower traded volumes to East African ports are negatively affecting pricing to this region. Multiple factors are changing the dynamics in East Africa including announcements by producers in Mozambique to export cement, Tanzania's struggle with cement oversupply, both heavily impacting Pakistan's export volumes. 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. **** The full monthly update is available as an annual subscription in individual or corporate license forms. For questions and orders, please contact Liviu Dinu, Market Services & Marketing Consultant, CW Group (Europe), at [email protected] or +40-744-67-44-11. **** For more information or interview inquiries, please contact Luciana Murarasu, Marketing & Communications Coordinator, CW Group (Europe), by phone at +40-748-91-84-50, or e-mail at [email protected]. About Cement and clinker Price Assessments The report is part of CW Research's ÔÇ£Cement and Clinker Price AssessmentÔÇØ product series, that offers end-user centric FOB / CFR / CIF pricing information for three regional cement and clinker price assessment products (Americas, Med Basin / Persian Gulf ÔÇô Arabian Sea / East Africa and East Asia) in addition to a price assessment specifically for the niche oil well cement segment. Additionally, the products complement CW Research's other price assessment series for tradable commodities, including the ÔÇ£India Petcoke CFRÔÇØ price assessments. For those interested in CW Research's price assessments, please contact the sales team at [email protected] or +1-702-866-9474. For more information: http://www.cwgrp.com/research-a-analysis/global-monitor-reports/306137-price-assessment-cement-and-clinker-price-markers.html 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