In July, FOB prices for bulk ordinary Portland cement remained mostly unchanged in the Persian Gulf and Arabian Sea region, while prices for prompt deliveries of bulk ordinary grade clinker had a single digit contraction in the same period.
According to the report, East African CFR prices for bagged cement dropped by a marginal percentage when compared to the previous month.
According to Ana Almeida, Analyst with the CW Group’s European team: “The main cement markets in the region, Pakistan and Iran, are registering a recovery in the domestic market. Ramadan season slowed down the cement business further than expected, but the activity is projected to return to its regular levels in a matter of days.”
CW Research’s July update to Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment report covers the latest news in the region’s trading situation.
The monthly report also includes details about shipping indices for 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.