Prices continue to trend negatively for cement, according to the CW Research’s March update to Mediterranean Basin cement and clinker prompt delivery cargo price assessment. On a monthly basis, FOB prices for ordinary Portland cement bulk contracted again in March, dropping almost 2 percent MoM in Mediterranean Basin. On the other hand, FOB prices for bulk ordinary clinker increased more than 2 percent MoM.
“Cement trade prices are on the same declining path as in the previous months. However, Med Basin exporters are seeing better market conditions as far as clinker is concerned with prices reaching levels seen in December last year”, explains Raluca Cercel, Consulting Analyst with the CW Group’s European team.
In the region, cement exporters continue to expect price contractions during the coming months.
The March update highlights a positive outlook for the Turkish cement sector and for the African market that brings attractive opportunities in terms of cement and clinker, as well as other commodities.
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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