United Arab Emirates Cement
Cement News
News Detail Clinker Grinding Plant
Improving cement sales show stronger Saudi market
Saudi Arabia s construction market appears to be moving back towards a period of stronger growth following recent upheaval in the labour market, according to new data.

Although cement sales fell by 22.4% in the Kingdom in July due to the impact that the Ramadan/Eid holiday period had on sites, year-on-year sales in August increased by 29.8% in to 3.96mn tonnes according to NCB Capital.

As a result, it said that year-to-date sales "reflect the trend of normalisation" seen since the fall-out from a tightening of visa rules last year, which saw hundreds of thousands of expat workers taking advantage of a visa amnesty late last year and a further 370,000 being deported in the five months after a clampdown was introduced in November.

In an analysis on the Saudi cement market published earlier this year, NCB Capital had predicted that after experiencing lower rates of demand in the early part of the year, the market would pick up again as the year progressed. Currently, year-to-date sales are just 1.6% behind 2013.

However, NCB Capital added that the amount of clinker inventory held by cement firms had now hit an all-time high of 19.7mn, and could reach 25mn by the year end.

"Considering the Ramadan-adjusted sales data and management feedback, we still believe that demand will fully normalise in Q4 2014," it said.
UAECEMENT.COM - Sep,16 ,2014



Partners
Arab Union for Cement and Building Materials
simankhabar.ir

Advert


HENT ElectroMechanical Engineering
Links