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FOB prices in the Persian Gulf-Arabian Sea for gray cement continued to decrease in June, down by more than 1 percent month-on-month, while clinker export prices declined almost 2 percent, as Saudi exports weaken, according to CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf-Arabian Sea & East Africa.
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Cement export prices in the Mediterranean Basin increased in May boosted by a positive development in the region's major exporters, up by almost 1 percent compared to the previous month. Meanwhile, FOB cement and clinker prices in the Persian Gulf-Arabian Sea continued to decline by around 1 percent and 1.5 percent month-on-moth, respectively, according to CW Research's Cement and Clinker Price Assessment for Med Basin and Persian Gulf-Arabian Sea & East Africa.
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As Asia ex-China takes the lead in terms of new cement capacity additions, with a significant number of greenfield and brownfield projects in the pipeline, India, Vietnam and Indonesia are expected to drive demand for new equipment in the next five years, according to CW Research's 2021 update of the World Cement Bag & Bagging Equipment Industry and Forecast.