Persian Gulf cement and clinker prices slip in Q2
Similarly, CW Research’s regional clinker price index fluctuated between USD 26-28 per ton since the beginning of Q2 2017. The move represented a 31% decline when compared to Q2 2015. Both indices track prices, based on CW Research’s on-going conversations with market participants, measuring actual FOB prices during the month for prompt delivery cargoes by using a proprietary methodology.
Prices move lower on Iranian volumes
Ordinary Portland cement and ordinary clinker price indices slipped, following a less expensive FOB of Iranian exporters for both products. Since Iran-based producers export larger volumes than their regional counterparts, Iranian FOB becomes more predominant in our index on a weighted average basis.
Iranian traders do not expect any resolution on the international sanctions that prevent traders from using Letters of Credit (LOCs). Therefore, reaching markets where trading cement is not possible without LOCs is not a feasible option in the foreseeable future. Given that production costs for Iranian cement producers are low, many move cementitious products only for the sake of keeping production going, hence impacting pricing in the process.
Pakistani traders, confined in the past to exporting bagged cargos due to the lack of effective dry bulk cargo terminal capacity, will benefit from the new terminal opened in the Muhammad Bin Qasim Port. The infrastructure will allow producers to cater to markets seeking to absorb larger volumes of cement delivered in bulk. Meanwhile, domestic cement demand remains healthy in Pakistan, thus translating in a high cement FOB, around USD 30 per ton. The need to move cargos to maintain utilization rates is, thus, not as pressing as in Iran.
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 email@example.com.
About the Report
The Cement and Clinker Persian Gulf- Arabian Sea 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
Market Services & Marketing Consultant
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Persian Gulf cement and clinker prices slip in Q2 here
News-ID: 585955 • Views: 565
More Releases from CW GROUP
Western Europe and North America lead white cement trade
In 2019, Western Europe remained the major white cement exporting region, followed by Eastern Europe and CIS, according to CW Research's 2020 Global White Cement Market and Trade Report. Western European intra-regional trade accounted for 74 percent of regional exports, while a much smaller percentage was shipped to North America. "Driven by the correlation between higher economic growth and white cement demand, North America and the Middle East unsurprisingly remained the
White cement consumption to top 22 million tons on steady economic growth
Between 2019 and 2024, global white cement demand is projected to increase modestly to over 22 million tons, according to CW Research’s 2020 Global White Cement Market and Trade Report. The global economy is expected to recover and continue to grow, providing the backdrop for the encouraging trend, since, as a premium commodity, consumption of white cement benefits from GDP growth and increasing consumer spending. “In spite of the dark clouds
Global cement demand to recover through 2024
World cement consumption is projected to increase to 4.2 billion tons in 2019, according to CW Research’s 2H2019 update of the Global Cement Volume Forecast Report (GCVFR). The IMF’s July update, which forecasts global economic output to grow over three percent in 2019, coupled with counter-cyclical measures taken by China and other emerging countries, are the main drivers behind the rising trend. Within the next five years, CW Research forecasts global
Cement demand in Peru grows in 1H2019; Saudi Arabia struggles with overcapacity
In the first half of 2019, cement demand recorded conflicting trends across selected markets, according to CW Research’s Cement Country Market Data reporting. Whereas consumption of cement rose in Peru, it contracted in markets such as Saudi Arabia and Argentina. “With an expected GDP growth of 3.9% in 2019, Peru offers good perspectives for the cement industry. Private investment, particularly in the mining industry, is replacing large infrastructure projects such as
More Releases for Iran
Construction in Iran-Key Trends and Opportunities to 2021
In real terms, the Iranian construction industry's output declined by 14.9% in 2016, measured at constant 2010 US dollar exchange rates. This was preceded by an annual decline of 16.1% in 2015, 13.0% in 2014, and 10.4% in 2013. This decline can be attributed to the fall in crude oil prices and slowdown of the economy over the period. Moreover, high unemployment, inflation and low domestic production during the review
Payments Landscape in Iran: Trends, Opportunities and Risks to 2021
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Payments Landscape in Iran: Opportunities and Risks to 2021". This report provides a comprehensive overview of trends and developments in banking industry. This report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and
Iran nurturing its wind energy sector
With the lifting of trade sanctions against Iran in July 2015, a surge in energy demand led to the development of the renewables sector. SUNA – the renewable energy organization of Iran – aims to attract private investment worth USD10 billion by 2018 and USD60 billion by 2025. Wind energy will be crucial to Iran. There are 15 operational wind farms at present with 100,000 Megawatts of potential capacity. Can Iran attract more
Architectural Guide Iran
From the Safavids to the Iranian Revolution Iran has one of the oldest urban cultures, dating back over 4,000 years. In the Architectural Guide Iran, the author and architect Thomas Meyer-Wieser explores Iranian architecture, from the Safavids to the Iranian Revolution, with the help of 360 buildings and projects in Isfahan, Shiraz, and Tehran. On the fictional tour of these three cities - alternating capital, depending on the ruling dynasty -
Foodout Successfully Expands into Iran
Foodout, the leading online food delivery player in Baltic states, recently announced that it has expanded into Iran through a joint venture with Netbarg, the leading Iranian e-commerce player, at a time when economic sanctions in that country have begun to ease. The deal gives Foodout access to local knowledge and expertise as it enter the Iranian market for the first time. Foodout sees a huge potential in Iran’s 50 million
Doing Business Iran 2011 - Business Mission to Iran, 24.-27.06.2011
Berlin-Tabriz-Tehran, March 2011: Iran`s northern province of East Azarbaijan organizes the 3rd. “International Conference on Investments and Business Co-operation” the German Global Trade Forum Berlin News announced yesterday according to the notices made by Forums network in Asia. The conference, strongly supported by the provincial government, will be taking place between 25th.-26th. of June 2011 in the capital of East Azarbaijan, Tabriz. A by-program offers a wide range of specific