Med Basin FOB prices for cement tumble in May, clinker expands

In the Mediterranean Basin region, the FOB prices for prompt deliveries of bulk ordinary Portland cement fell when compared to the previous month, according to the CW Research's May update of Mediterranean Basin cement and clinker prompt delivery cargo price assessment.

Export prices for bulk ordinary grade clinker in the region surged from April to May.

ÔÇ£Med Basin main cement manufacturers appear to be now seeing an improvement in domestic sales, due to the recovery of the construction sector. Trade businesses are also displaying signs of improvement, even though the global trade has been seeing an overall slowdown,ÔÇØ said Raluca Cercel, Consulting Analyst with the CW Group's European team.

CW Research's May update to Mediterranean Basin Cement and Clinker price assessment report covers the latest happenings in the region's trading situation.

Moreover, the monthly report also includes details about shipping indices of dry bulk tendency and its reasons as well as the latest trend in the bunker oil futures.