Brazil's monthly sales down 15.3% YoY

Brazilian cement sales totalled 3.9Mt in February, down 15.3 per cent YoY, according to the latest market data published by local cement association, SNIC.

Over the first two months of this year, sales declined by nine per cent YoY. In the 12 months to the end of February 2017, cumulative sales totalled 56.4Mt, 11 per cent lower than the comparative period of the previous year.

Cement prices in the domestic market in February 2017 rose by 8.6 per cent over January 2017 but were down 11 per cent versus February 2017, SNIC added.