The Mediterranean Basin is currently under the influence of two major trading forces. On one side, the world’s major cement exporter, Turkey, is tackling a declining exporting volume courtesy of the shrinking import need from Syria and by the increased competition present on the Iraqi cement market where Iran is continuously increasing ground given its more competitive prices. On another end, Spain, Portugal, Greece and Italy are struggling to soften their tough domestic conditions by tapping into exporting activities.
The pressure exerted by these main trading forces led to a clustering pattern revealed at the level of cement export FOB prices, which are reportedly inching closer to the Mediterranean average.
Read the rest of the article in the CemWeek Magazine issue 11.
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