Saudi producers sees sales drop 16% in August 2017
The sales of Saudi cement producers fell 15.5 per cent to 3.72Mt in August 2017 when compared to 4.4Mt reported in August 2016.
Total production in August reached 3.79Mt, down YoY from 4.3Mt, according to Yamama Cement Co. Cement inventories rose 11.3 per cent YoY to 1.17Mt from 1.05Mt in the year-ago period.
Southern Province Cement Co saw sales slide 36 per cent YoY to 471,000t in August 2017 from 637,000t in August 2016. Yanbu Cement sales slipped 2.1 per cent to 462,000t from 472,000t. Tabuk Cement sales were reduced by 30.4 per cent YoY to 78,000t.
