Persian Gulf-Arabian Sea and East Africa cement and clinker prices fall, Med Basin prices stabilize

ÔÇ£An appreciating dollar is creating a universal backdraft for commodities priced in US dollars. Cement and clinker are no exceptions and pricing has been getting hammered in recent months,ÔÇØ said Robert Madeira, CW Group Managing Director and Head of Research.

CW Research's Med Basin, Persian GulfÔÇôArabian Sea and East Africa clinker November monthly bulk FOB, prompt delivery cargo price assessment shows a significant deterioration. On a monthly basis, FOB prices for ordinary grade bulk clinker contracted again in November, dropping about one percent MoM for Med Basin exporters and falling by almost 10 percent MoM for Persian Gulf-Arabian Sea countries.

CW Research's monthly price assessment showed that while the Persian GulfÔÇôArabian Sea cement bulk FOB price marker followed a similar path, the Med Basin cement bulk FOB price marker improved by 3+ percent over October. East Africa CFR prices for bulk cement also decreased sharply MoM, extending the decline that began in the summer.

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