Exporters remain hopeful that 2019 will bring about a better shipping year in the region
In December, in the Persian Gulf and Arabian Sea region, FOB prices for bulk ordinary Portland cement and for prompt deliveries of bulk ordinary grade clinker also slipped slightly on a monthly basis, with cement dispatches reaching between USD 34 and USD 36 per ton.
Ana Almeida observes: “In the Persian Gulf-Arabian Sea region, the end of the year has brought seasonal price reductions as a tool to dispose of surpluses. Cement and clinker exporters remain hopeful that 2019 will bring about a better shipping year in the region.”
CW Research’s December update to the Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment report covers the latest happenings in the region’s trading situation.
Moreover, the monthly report also includes details about shipping indices of dry bulk tendency and its reasons, as well as the latest trends 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]