FOB prices for gray cement increased globally in the last quarter of 2017, and are projected to record a general stabilization in the first quarter of 2018, according to the 4Q 2017 update of the Global Cement Trade Price Report (GCTPR) from CW Research.
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According to CW Research's ÔÇ£Petcoke Country Market DataÔÇØ, during December 2017, petcoke production rose in India and Brazil. In China, despite environmental measures to curb pollution, production levels for the commodity remained high.
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FOB prices for cement and clinker have faced slim decreases in February, according to CW Research's Cement and Clinker Price Assessments for Med Basin and Persian Gulf.
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Cement demand in the country is expected to decline at an annual average rate of 3.3 percent in the next five years. According to CW Research's 2018 Maldives Cement Market Report, the decreasing trend is expected to happen after 2019, due to the completion of large-scale construction projects.
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In February, India's West Coast average CFR prices for high and mid-sulfur petcoke registered a slight uptick compared to the previous month.