In January, FOB prices for bulk ordinary Portland cement recorded a slim contraction month on month in the Persian Gulf and Arabian Sea region, while prices for prompt deliveries of bulk ordinary grade clinker improved by a single digit.
In the same period, East African CFR prices for bagged cement suffered a slim expansion when compared to the previous month.
According to Ana Almeida, Analyst with the CW Group’s European team: "Regional cement clinker exporters continue to struggle with exporting the commodity in the region. However, clinker shipments continue to register a better performance in sale."
CW Research’s January 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.