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May Med Basin cement FOB prices drop; clinker prices remain stable

06-12-2017 06:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: CW GROUP

May Med Basin cement FOB prices drop; clinker prices remain

According to CW Research’s Cement and Clinker Med Basin Price Assessment, Ordinary Portland cement (OPC) Med Basin price index tracking FOB in the region (prompt cargo basis) slipped below USD 40 per ton in Q2 2017. Prices fell in part due to Turkish exporters continuing to price aggressively in the market. During the same period, CW Research’s OPC clinker Med Basin price index (which tracks FOB pricing in the region on a prompt cargo basis) remained range-bound at USD30-33 per ton.

“Derived from our on-going discussions with active cement trading professionals, pricing is being pressured by a persistent oversupply of exporters and shrinking demand for imported cement in key traditional markets. Traders see no relief in sight in terms of cement sales – particularly with the start of Ramadan, which will halt construction work in Northern Africa,” observed Raluca Cercel, Senior Consulting Analyst with CW Research.

Clinker prices stable

CW Research’s ordinary clinker Med Basin price index remained stable in May. Industry players expect price index to slightly increase, as demand is strengthening in Western Africa. Notably Ghana and Ivory Coast are expected to pick up additional volumes as cement grinding capacity is increasing and domestic clinker production remains virtually absent.
Some opportunistic trades are also taking place. For instance, traders reported a shipment of clinker from a South Eastern Turkish exporter to a Spanish buyer at an FOB of around USD 29-31 per ton. Since the Spanish market is already oversupplied with domestic clinker production, the shipment is more of an opportunistic exception, perhaps in response to escalating production costs (electricity, in particular) in Spain.

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For more information, placing an order, or interview inquiries, please contact Liviu Dinu, Market Services & Marketing Consultant, CW Group, by phone at +40-744-67-44-11, or e-mail at ld@cwgrp.com.

About the Report

The Cement and Clinker Med Basin Price Assessment is part of CW Research’s price assessment series for tradable commodities. The reports offer prompt cargo (next 30-60 day deliveries) pricing insights, regular monitoring of the market and an overview of key developments that are crucial for those involved in the cement, clinker and petcoke trade to understand. The monthly price assessments synthesize key market information based on CW Research analysts’ ongoing interactions with market participants, including traders, exporters, buyers and other stakeholders involved in the cement, clinker and petcoke trade.

More information about the price assessments can be found here: http://www.cwgrp.com/research/research-products/price-assessments

About CW Group

The Greenwich (Conn.), USA headquartered CW Group is a leading advisory, research and business intelligence boutique with a global presence and a multi-industry orientation. CW Group is particularly recognized for its sector expertise in heavy-side building materials (cement), light-side building materials, traditional and renewable power & energy, petrochemicals, metals & mining, industrial minerals, industrial manufacturing, bulk cargo & shipping, among others. We have a strong functional capability, grounded in our methodical and quantitative philosophy, including due diligence, sourcing intelligence, feasibility studies and commodity forecasting. www.cwgrp.com

PO Box 5263, Greenwich, CT 06831, USA
Liviu Dinu
Market Services & Marketing Consultant
M: +40-744-67-44-11
E: ld@cwgrp.com

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