CW Research sees fall in cement FOB prices in Med Basin
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.
ÔÇ£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 yearÔÇØ, 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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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 [email protected], or +40-744-67-44-11.
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For more information or interview inquiries, please contact Luciana Murarasu, Marketing & Communications Coordinator, CW Group (Europe), at [email protected], or +40-748-91-84-50.
CW Research's Mediterranean Basin 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 analystsÔÇÖ interactions with market participants, including traders, exporters, buyers and other stakeholders involved in the cement trade.
The product covers two distinct monthly price reference points for bulk cargoes:
- Mediterranean Basin cement FOB prices bulk
- Mediterranean Basin clinker FOB prices bulk
The report is part of CW Research's ÔÇ£Cement and Clinker Price AssessmentÔÇØ product series providing regional insights for end-user centric pricing information for gray cement, clinker and India petcoke CFR.
For those interested in CW Research's price assessments, please contact the sales team at [email protected] or +1-702-866-9474.