Prices of white cement, aggregate and sand climb

ABU DHABI - The price of locally-produced cement has gone up by 15.8 per cent month-to-month in July, even though construction business has slowed down, an official report said on Saturday.

By Haseeb Haider

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Published: Sun 21 Aug 2011, 10:49 PM

Last updated: Tue 7 Apr 2015, 3:47 AM

According to Statistics Centre – Abu Dhabi, or SCAD, which monitors the prices of 21 construction materials, “the average prices of several building materials groups have undergone various changes during July compared with June 2011.”

In its monthly report, SCAD said that “the largest rise was recorded in the average price of the aggregates and sand group, which climbed 17.7 per cent month-to month in July 2011, as all items within this group registered price increases in the range of 11.1-23.1 per cent.”

However, a ready-mix industry source who requested anonymity, told Khaleej Times that the prices of aggregate or crushed rocks, have in fact “cooled down” in June and July, after surging “a little” in the first five months of the year.

The second largest rise was in the average price of Al Etihad White Cement, which grew 15.8 per cent per tonne, SCAD said. Speaking to Khaleej Times, Dr J.R. Gangaramani, president of the Al Fara’a Group, one of the largest construction companies in Abu Dhabi, showed his concern over the soaring aggregate and sand prices.

The price hike is “significant,” he said, at a time when business is slow.

However, he was not worried over the increase in the prices of locally-produced white cement, which he termed as a less important item, because of its little usage.

According to SCAD data, the prices of UPVC pipes and paints declined by 6.6 per cent and 5.8 per cent, respectively, in July compared with June. Giving a year on year comparison, it said the aggregates and sand group showed the largest rise 52.8 per cent year on year.

The prices of power cable rose 66.9 per cent, particularly in the price of CU 132kv/ 1*800 mm2.

In addition, transport equipment rents rose 37.6 per cent and wires for residential towers, 25.2 per cent.

In contrast, the prices of the glass group fell by 33.1 per cent as a result of a decrease in the prices of glass/6mm/m2pt/ Saudi Arabia by 42.9 per cent and mirror glass/4 mm/m2pt/Saudi Arabia by 39.2 per cent.

haseeb@khaleejtimes.com



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