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Cement prices in the Egyptian local market are witnessing with the beginning of the new year a stability ranging between 800 to 850 pounds per ton for the consumer, while prices ranged between 640 to 730 pounds per ton on the factory floor, and according to the head of the Building Materials Division of the Cairo Chamber of Commerce, Ahmed El-Ziny, comes This stability in prices in light of the volume of monthly consumption approaching 4 million tons, and annual consumption approaching 50 million tons by the end of 2019, which suggests that there will be an export of large quantities of cement material to abroad, and Al-Zaini indicated that the volume of consumption of cement in projects and the sector Real estate in Egypt touched about 45 million tons during Last November, a candidate to reach 50 million tons at the end of the year 2020.
Cement prices
Cement barriers at the regional and international levels
Al-Zaini explained that the cement production factories announced obstacles they faced at the beginning of the year 2019, which weakened the Egyptian cement’s ability to compete at the regional and international levels, including:
- Higher production cost due to the liberalization of the currency rate.
- High energy cost.
- High value-added tax.
- Limited export at the regional level for reasons related to increasing production capacity regionally.
- The high price of the Egyptian product compared to the price of the product in neighboring countries.
Causes of stagnation in the sale of cement
Al-Zaini indicated that the direct demand for cement was greatly affected by the demand for
Use of ready-mixed concrete, as “most consumers resort to ready-mixed concrete instead of buying sand and grains, and mixing them for use in construction, which may be a relatively low consumption of cement.” In addition, the price of cement exports is close to $ 32 per ton, i.e. Approximately 512 pounds per ton, while the price per ton on the internal market is higher than that. Therefore, cement companies, especially foreign ones, prefer to market their products internally in the Egyptian market, because the selling price in it is higher than the export price.
Cement prices today in the local market
Below is the price of a ton of cement in the local market in Egypt, according to the latest price update:
- The Arabian Cement Armed: 793 pounds.
- Arabian Cement Producer Nasr: 780 pounds.
- Assiut Cement Engineer Producer: 800 pounds
- Assiut Cement Leopard: 770 pounds.
- Minya Cement ASIC Product: 780 pounds.
- Horus Cement: 775 pounds.
- Rock cement: 775 pounds.
- Lafarge Cement Specialized product: 780 pounds.
- Aswan Cement: 775 pounds.
- Military cement: 770 pounds.
- Sinai Cement: 768 pounds.
- Helwan Cement: 820 pounds.
- Egypt cement Beni Suef: 800 pounds.
- Swedish Cement: 805 pounds.
- Obelisk Cement: 775 pounds.
- Beni Suef cement military producer: 778 pounds.
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