Saudi Cement producers see sales fall 25% in February

Saudi cement producers saw sales fall by 24.9 per cent in February 2017. Cement companies sold 4.09Mt of cement in the second month of the year, down from 5.44Mt in February 2016.

Output also decreased by 26 per cent YoY from 5.47Mt to 4.04Mt during the same period while inventories increased to 1.07Mt, up 18.2 per cent YoY from 0.906Mt in February 2016.

Yanbu Cement topped cement sales as it reported a volume of 0.474Mt but nevertheless experienced a 21.3 per cent YoY drop from 0.602Mt registered in the year-ago period.

Southern Province Cement came second as it announced sales of 0.448Mt, down 38.3 per cent YoY from 0.726Mt.