January 2016 sees another contraction for Med Basin and Persian Gulf ÔÇô Arabian Sea cement FOB prices
On a monthly basis, cement prices continue to drop, according to the CW Research's January update to Med Basin, Persian Gulf ÔÇô Arabian Sea and East Africa Cement and Clinker price assessment.
ÔÇ£Our previous month's forecast has proven to be true: not only did price contractions become more contained, but we are actually witnessing a slight increase of trade prices for OPC clinker coming from the Middle East. Notwithstanding this encouraging sign, traders are still cautiously conservative in regards to the outlook for prices in the following monthsÔÇØ, explains Raluca Cercel, Consulting Analyst with the CW Group's European team.
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 [email protected], or +40-744-67-44-11.
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About the report
CW Research's Med Basin, Persian Gulf ÔÇô 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 analystsÔÇÖ 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 ÔÇ£Cement and Clinker Price AssessmentÔÇØ product series providing 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 protected] or +1-702-866-9474.