Cement export prices in the Mediterranean Basin increased in May boosted by a positive development in the region's major exporters, up by almost 1 percent compared to the previous month. Meanwhile, FOB cement and clinker prices in the Persian Gulf-Arabian Sea continued to decline by around 1 percent and 1.5 percent month-on-moth, respectively, according to CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf-Arabian Sea & East Africa.

As Asia ex-China takes the lead in terms of new cement capacity additions, with a significant number of greenfield and brownfield projects in the pipeline, India, Vietnam and Indonesia are expected to drive demand for new equipment in the next five years, according to CW Research's 2021 update of the World Cement Bag & Bagging Equipment Industry and Forecast.

After rising by approximately 4 percent year-on-year in the first quarter of 2021, CW price index shows that the global export price for gray cement is estimated to have decreased by more than 1 percent in the second quarter on a yearly basis, according to the 2Q2021 update of CW Research's Global Cement Trade Price Report.