November Persian Gulf-Arabian Sea and East Africa cement & clinker prices fall, Med Basin prices st

GREENWICH, Conn. - Dec. 8, 2015 - PRLog -- CW Research’s Med Basin, Persian Gulf–Arabian Sea and East Africa (http://www.cwgrp.com/research-a-analysis/global-monitor-reports/306135-price-assessment-cement-and-clinker-price-markers-med-basin-persian-gulf-a-east-africa.html) clinker November monthly bulk FOB, prompt delivery cargo price assessment shows a significant deterioration.

CW Research’s monthly price assessment showed that while the Persian Gulf–Arabian 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.

“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”, said Robert Madeira, CW Group Managing Director and Head of Research.

The November update also showed that in contrast to the prevailing trend of price declines, Tanzania is one of the few East African countries where cement prices have been improving. Meanwhile in the Persian Gulf - Arabian Sea region, both Turkish and Pakistani cement exporters are facing increasing competitive pressure from Iranian producers.

“Trading prices have reached an all-time low during the month for the regions covered, a situation which is forcing traders to look beyond their traditional export markets and expand their network. Moreover, from our on-going conversations with market participants, it is clear that intensifying competition is adding pressure on exporters to adapt their FOB prices”, explains Raluca Cercel, Consulting Analyst with the CW Group’s European team.

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.

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