The Med Basin and the Persian Gulf – Arabian Sea cement and clinker October monthly bulk FOB, prompt delivery cargo price assessment shows significant downgrades.
“A backdrop of an appreciating USD is creating a string down-draft for internationally traded cement and clinker in a broad sense. But additionally, exporters in the Med Basin and Persian Gulf – Arabian Sea continue to compete fiercely for the same – and in some cases shrinking – markets – a fact reflected by price declines in both regions” explains Raluca Cercel, Consulting Analyst with the CW Group’s European team.
Med Basin cement bulk FOB declined by 4.3 percent MoM, while the Persian Gulf – Arabian Sea region saw prices facing a double-digit decrease. For OPC-grade clinker the trend was similar with a negative price direction FOB bulk cargoes, for both regions: a 0.8 percent MoM contraction for Med Basin exporters, while Persian Gulf – Arabian Sea countries saw clinker export prices fall by close to 10 percent MoM.
Lower traded volumes to East African ports are negatively affecting pricing to this region. Multiple factors are changing the dynamics in East Africa including announcements by producers in Mozambique to export cement, Tanzania’s struggle with cement oversupply, both heavily impacting Pakistan’s export volumes.
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.
CW Research’s Med Basin, Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment product is a monthly report providing timely updates on actual pricing for cargoes with prompt delivery (next 30-60 days). The unique product synthesizes key market information based on CW Research’s analysts’ interactions with market participants, including traders, exporters, buyers and other stakeholders involved in the cement trade.
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 that provide regional insights for end-user centric pricing information for gray cement and clinker, oil well cement and India petcoke CFR.
For those interested in CW Research’s price assessments, please contact the sales team at email@example.com or +1-702-866-9474. For more information: http://www.cwgrp.com/research-a-analysis/global-monitor-reports/306137-price-assessment-cement-and-clinker-price-markers.html
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Source: CW Group