February Mediterranean Basin cement and clinker prices fall
CW Research's Mediterranean Basin cement and clinker prompt delivery cargo price assessment shows a continuous deterioration. On a monthly basis, FOB prices for ordinary Portland cement bulk contracted again in February, dropping about 4 percent MoM in Mediterranean Basin.
CW Research's monthly price assessment sees the Med Basin clinker bulk FOB price marker following the same path as in the previous month, dropping by almost 1 percent.
ÔÇ£By this point, after many months when prices have not shown any encouraging signs, traders seem resigned to the situation, and are now turning their attention more pointedly towards new markets and export opportunitiesÔÇØ, explains Raluca Cercel, Consulting Analyst with the CW Group's European team.
Even though prices are still following a declining trend in this region, some cement exporters are taking the opportunity to expand their markets. The February update also includes relevant news about quotas for cement imports established by the Algerian government, Egypt stopping imports from Turkey, and the increased taxes on imported cement in Ghana.
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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About the report
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:
ÔÇó Mediterranean Basin cement FOB prices bulk
ÔÇó 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.