Saudi Arabia’s cement prices to stay firm, demand to drop significantly | ZAWYA MENA Edition:
Demand for cement in Saudi Arabia is expected to drop sharply in the coming quarters, while sales prices will remain firm, according to a new research note by Al Rajhi Capital.
The firm said in a note seen by Zawya that it expects cement demand to fall significantly within the next two quarters "due to seasonality factors", such as Ramadan, Eid and the forthcoming summer period.
“However, we believe the current sales prices (will) remain firm as producers are now focused more on pricing rather than volume,” the note added.
No comments:
Post a Comment