In May, trade prices for bulk ordinary Portland cement in the Persian Gulf and Arabian Sea region recorded a very slim improvement compared to the previous month.
Meanwhile, trade prices for prompt deliveries of bulk ordinary grade clinker registered a single-digit MoM increase.
In the same period, East African CFR prices for bagged cement contracted slightly when compared to April.
As observed by Ana Almeida, Analyst with the CW Group’s European team: "Opportunities from other markets such as Asia, and East Africa can bring some relief to the cement and clinker exporters in the region of Persian Gulf-Arabian Sea."
CW Research’s May 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]