In March, FOB prices for bulk ordinary Portland cement recorded a slim month-on-month increase in the Persian Gulf and Arabian Sea region, while prices for prompt deliveries of bulk ordinary grade clinker also registered a slight uptick.
In the same period, East African CFR prices for bagged cement suffered a single-digit decrease when compared to the previous month.
According to Ana Almeida, Analyst with the CW Group’s European team: "Pakistani cement producers seem to be prepared for the coming price fall in the region. Other markets in the region continue to struggle with cement overcapacity."
CW Research’s March 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.