Persian Gulf-Arabian Sea FOB prices for cement and clinker surge in January

In January, FOB prices for bulk ordinary Portland cement recorded a single digit expansion MoM in the Persian Gulf and Arabian Sea region. Prices for prompt deliveries of bulk ordinary grade clinker registered a smaller rise in the same period.

According to the report, East African CFR prices for bagged cement increased slightly when compared to the previous month.

According to Raluca Cercel, Senior Analyst with the CW Group's European team: ÔÇ£Our statements have been confirmed, and 2016 was a rough year for cement exporters in the Persian Gulf-Arabian Sea region. Even though in January, cement and clinker traders continue to struggle to export their products, they seem to be more confident about the coming months, as prices are now reflecting a recovery that was not seen for a long time.ÔÇØ

CW Research's January update to Persian Gulf ÔÇô Arabian Sea and East Africa Cement and Clinker Price Assessment 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.