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Follow on Google News | January sees another contraction for Med Basin and Persian Gulf – Arabian Sea cement FOB pricesOn a monthly basis, cement prices continue to drop, according to the CW Research’s January update to Med Basin, Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment.
By: CW Group In January 2016, Med Basin prices for prompt deliveries of bulk ordinary Portland cement fell more than 1 percent, while in Persian Gulf-Arabian Sea region, FOB prices for prompt deliveries of cement declined 3+ percent. CFR prices for bulk cement confirm the declining trend in the first month of the year, by dropping more than 5 percent. Export prices for ordinary grade clinker in bulk declined in January 2016 in Med Basin, however in Persian Gulf-Arabian Sea trade prices increased. CW Research analysts consider this month-on-month variation as contrary to the trend seen in the last months of 2015. 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. **** The full monthly update is available as an annual subscription in individual or corporate license forms. For questions and orders, please contact Liviu Dinu, Market Services & Marketing Consultant, CW Group (Europe), at ld@cwgrp.com, or +40-744-67-44- **** For more information or interview inquiries, please contact Luciana Murarasu, Marketing & Communications Coordinator, CW Group (Europe), at lm@cwgrp.com, or +40-748-91-84- About the report (http://www.cwgrp.com/ CW Research’s Med Basin, Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment (http://www.cemweek.com/ The product covers five distinct monthly price reference points for bulk cargoes: · Med Basin: cement FOB and clinker FOB · Persian Gulf - Arabian Sea: cement FOB and clinker FOB · East Africa: cement CFR The report is part of CW Research’s “Cement and Clinker Price Assessment” product series (http://www.cwgrp.com/ For those interested in CW Research’s price assessments, please contact the sales team at sales@cwgrp.com or +1-702-866-9474. For more information: End
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