Saudi cement exports leap 41% to 994,000 tonnes in July

Saudi cement exports leap 41% to 994,000 tonnes in July - Aljazira Capital

$<p>Image used for illustrative purpose only. MAKASSAR, INDONESIA - APRIL 30: Indonesian porters move sacks of cement to be loaded on a traditional wooden ship at Paotere Harbor on April 30, 2014 in Makassar, Indonesia. </p>\\n , Getty Images/Getty Images$

Image used for illustrative purpose only. MAKASSAR, INDONESIA - APRIL 30: Indonesian porters move sacks of cement to be loaded on a traditional wooden ship at Paotere Harbor on April 30, 2014 in Makassar, Indonesia.

Getty Images/Getty Images

Local sales rose 5%

Staff Writer, Zawya Projects

August 9, 2023

PHOTO

Cement exports from Saudi Arabia jumped 41.3 percent to 944,000 tonnes in July 2023, compared to 668,000 tonnes in July 2022, Aljazira Capital said in its new report.

Local sales stood at 3.86 million last month, rising 5 percent from 3.67 million tonnes amid better demand.

Clinker inventories stood at 39.1 million tonnes in July, an increase of 8.6 percent year-on-year and 1.3 percent month-on-month, recording the highest growth in eight consecutive months.

The total utilisation rate of the cement sector in Saudi Arabia stood at 66.3 percent in July, advancing 15 basis points year-on-year.

The sales-clinker production ratio reached 95.9 percent last month, the report said.

Saudi Arabia's cement exports fall 22% in April 2023

Cement sales in Saudi Arabia down 16% in March 2023

Saudi Arabia's cement exports fall nearly 9% in February 2023

Saudi Arabia's cement exports surge 67% in January 2023

(Writing by D Madhura; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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