Egypt: Cement Prices Stabilize in the Market on March 6, 2024
Cement prices in the markets have stabilized on Wednesday, March 6, 2024, following a decrease in the previous day's trading, as reported by the local and international prices portal of the Council of Ministers.
In a recent update from the local and international prices portal of the Council of Ministers, cement prices have shown signs of stability during today's trading session on March 6, 2024. This stabilization comes after a notable decline in prices during yesterday's trading, indicating a momentary adjustment in the market.
Detailed Cement Prices in the Market:
- Gray Cement: The market price for a ton of gray cement has been recorded at 2,340 Egyptian pounds, showing stability after the recent market fluctuation.
- Mixed Cement: The price for mixed cement stands at 1,380 Egyptian pounds, maintaining its value in today's trading environment.
- Al-Nasr Cement: Al-Nasr cement is currently priced at 1,910 Egyptian pounds per ton, demonstrating a steady demand for this brand.
- Nile Valley Cement: Nile Valley cement has reached a market price of 1,900 Egyptian pounds per ton, reflecting consistent pricing in the sector.
- White Cement: The price for white cement varies between 3,820 and 3,920 Egyptian pounds, indicating a stable but premium market segment for this type of cement.
The stabilization of cement prices is a significant indicator for the construction industry, suggesting a period of market equilibrium. This stability is crucial for construction projects and planning, allowing for more accurate budgeting and financial forecasting. Industry professionals, builders, and consumers alike will find this information valuable as they navigate the construction landscape in the coming days.
Source: Arab Finance.
