Stability in Cement Prices Amid Economic Changes in Egypt on January 24, 2024
Egypt's cement market witnesses a phase of stability in prices on January 24, 2024, amidst rising production costs and exchange rate liberalization.
Egypt - Amidst the fluctuating economic conditions and the liberalization of the exchange rate, the cement market in Egypt observed a stable pricing trend on January 24, 2024. As reported by Al-Dostor, the prices in the cement market were as follows:
- Reinforced Cement: The price per ton was recorded at approximately 1,750 Egyptian Pounds.
- Al-Nasr Cement: The price per ton reached around 1,700 Egyptian Pounds.
- Wadi El Nile Cement: This type of cement was priced at about 1,680 Egyptian Pounds per ton.
- Torah Helwan Cement: The price for this product was noted at 1,710 Egyptian Pounds per ton.
- Special Cement: The price was registered at 1,700 Egyptian Pounds per ton.
- Gray Cement: This variety was priced at 2,373 Egyptian Pounds per ton.
These prices reflect the current state of the cement industry in Egypt, which seems to have reached a point of equilibrium despite the challenges of increased production costs and changes in the foreign exchange rates. This stability is crucial for both the construction industry and the broader economy in Egypt.
Source: Al-Dostor
