In April, FOB prices for bulk ordinary Portland cement expanded slightly month on month in the Persian Gulf and Arabian Sea region, while prices for prompt deliveries of bulk ordinary grade clinker also registered a single-digit improvement.
In the same period, East African CFR prices for bagged cement remained stable when compared to the previous month.
As noted by Ana Almeida, Analyst with the CW Group’s European team: "In the Eastern region of Africa, countries facing cement shortages represent a short-term opportunity for exporters. This situation comes in a time when countries of the coast side of the region are becoming more competitive in the cement market."
CW Research’s April 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.
To discuss further how CW Research can assist you in evaluating market opportunities or challenges, please do not hesitate to contact our research team on email: [email protected]