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Cement prices recover again, reach LE 515/ton
Released on - Tuesday,03 November , 2009 -16:01 47
Arab Finance: Cement prices increased to LE 505 per ton (ex-factory) and LE 515 for end consumer, instead of the burned prices which prevailed markets in the past month and stood around LE 480 per ton.
It is worth noting that, traders’ pressures on factories to halt production lines in order to reduce supply succeeded to help prices from falling and prevented burning prices phenomena.
In a related context, experts asserted that despite the relative recovery of cement sales; prices will not reach its unacceptable levels at LE 600 and LE 700 like what happened in the previous few months.
Source: Algomhouryia newspaper