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.