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Saudi cement sales down 20% in March

Saudi cement sales down 20% in March
March cement sales in KSA totalled 4.71 million tonnes - (Photo Credit: Arabianeye-Reuters)
HCC
3001
0.35% 11.44 0.04
SAUDI CEMENT
3030
0.81% 50.10 0.40
SPCC
3050
0.25% 40.80 0.10

YSCC
3020
3.79% 30.10 1.10

Riyadh – Mubasher: Cement-producing companies operating in Saudi Arabia saw a decrease in sales by 19.5% in March, according to a recent report.

Cement sales totalled 4.71 million tonnes last month down from 5.85 million tonnes in March 2016.

Total production also declined by 16.2% in March and reached 4.88 million tonnes compared to 5.82 million tonnes for the same month in 2016, according to the monthly report issued by Yamama Cement Company.

On the other hand, cement inventories increased by 41.3% to 1.24 million tonnes in March up from 877,000 tonnes in March 2016.

Southern Province Cement saw the highest volume of sales, with a total of 542,000 tonnes, followed by Yamama Cement with 521,000 tonnes, while Hail Cement resgistered the lowest sales at nearly 92,000 tonnes.