In July, FOB prices for bulk ordinary Portland cement and forfor prompt deliveries of bulk ordinary grade clinker remained unchanged in the Persian Gulf and Arabian Sea region.
In the same period, East African CFR prices for bagged cement improved over one percent when compared to June.
As noted by Ana Almeida, analyst with CW Group’s European team: "In the Persian Gulf-Arabian Sea region, Pakistan, one of the most important cement exporters, is optimistic in its forecasts for the coming months. The devaluation of its currency has proven to be one of the main drivers."
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.
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]