Persian Gulf-Arabian Sea FOB Prices for cement decline, clinker remains flat in December

In December, FOB prices for bulk ordinary Portland cement registered a single digit decrease MoM in the Persian Gulf and Arabian Sea region. Prices for prompt deliveries of bulk ordinary grade clinker remained virtually unchanged in the same period.

According to the report, East African CFR prices for bagged cement contracted slightly when compared to the previous month. ÔÇ£In Persian Gulf, cement sellers seem to face issues both on domestic and foreign markets. December brought further declines in cement prices, reflecting the end of the year discount. Moreover, exports continue to be pressured down, as some exporters look to improve the quality and efficiency of cement transport on new foreign marketsÔÇØ, said Raluca Cercel, Consulting Analyst with the CW Group's European team.

CW Research's December 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.