In the same period, East African CFR prices for bagged cement improved over 1% when compared to June.
"In the Persian Gulf-Arabian Sea region, Pakistan, one of the most important cement exporters, is optimistic in its forecasts for the coming months. The devaluation of its currency has proven to be one of the main drivers," notes Ana Almeida, an analyst with CW Group’s European team.
CW Research’s July update to Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment report covers the latest news in the region’s trading situation. The monthly report also includes details about shipping indices for dry bulk tendency and its reasons, as well as the latest trend in the bunker oil futures.
