Persian Gulf-Arabian Sea cement and clinker FOB prices decline in October

In October, trade prices for bulk ordinary Portland cement and for prompt deliveries of bulk ordinary grade clinker slipped in the Persian Gulf and Arabian Sea region.

In the same period, East African CFR prices for bagged cement remained flat compared to September.

As observed by Ana Almeida, CW Group's analyst: "The time has come for cement players to lower prices slightly, as the seasonal trend translates into a less prosperous market activity. However, some key traders have been able to increase their cement sales externally."

CW Research's October update to the Persian Gulf ÔÇô 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 trends and its reasons, as well as the latest developments 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.

 

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