Cement Prices

Significant Drop in Cement Prices in Egypt on Wednesday, February 7, 2024

Cement prices in Egypt witnessed a notable decrease on Wednesday, February 7, 2024.

On February 7, 2024, the Egyptian cement market experienced a significant price reduction, as reported by the Cabinet's portal for local and global prices. The price for a ton of cement for consumers decreased by about 61 Egyptian pounds, averaging around 2406 EGP.

This price adjustment reflects the dynamic nature of the construction materials market in Egypt and is a crucial development for both the construction industry and consumers planning construction projects. The decrease in cement prices is part of the broader economic trends affecting the construction sector in Egypt, offering a glimpse into the supply and demand dynamics that influence market prices.

Source:
El Watan News

Pohang and Jeonju's Sub-5 Billion Won Apartments Vanish Amid 40% Surge in Cement Prices and Skyrocketing Labor Costs

South Korea: The skyrocketing costs of construction, primarily due to a 40% increase in cement prices over the past three years and continuous rises in material costs and wages, have pushed apartment offering prices beyond the reach of key demand groups, notably newlyweds.

Argentina: Cement Sales in La Rioja Fell by Almost 50%

Sales continue to decline, and the construction sector is no exception. This issue was discussed by Pablo Chamía, head of the Loma Negra distributor in La Rioja, who noted that cement sales in La Rioja have fallen by 50%.

Cement Prices on Saturday, March 23, 2024, in the Markets

Cement prices witnessed notable stability before the start of transactions in the markets on Saturday, March 23, 2024.

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