Persian Gulf-Arabian Sea FOB prices for cement and clinker contract in February

In February, FOB prices for bulk ordinary Portland cement recorded a monthly marginal contraction in the Persian Gulf and Arabian Sea region. Prices for prompt deliveries of bulk ordinary grade clinker registered a smaller decline in the same period.

 

According to the report, East African CFR prices for bagged cement increased suffered a single digit decrease when compared to the previous month.

According to Raluca Cercel, Senior Analyst with the CW Group's European team: ÔÇ£In the second month of 2017, cement traders' expectations slightly declined from the previous month as they are now more realistic towards the region's future scenario. Persian Gulf Arabian Sea traders continue to be paralyzed in terms of cement exports to African countries or even within the region.ÔÇØ

CW Research's February update to 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 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.