January 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.