Cement sales rise by 16% in Saudi Arabia in February

Cement and clinker sales in Saudi Arabia rose 15.7 per cent YoY to 4.24Mt (including exports) in February 2019 compared to 3.67Mt in the previous year.
 
Clinker inventory increased 17.6 per cent YoY, but fell one per cent MoM to 41.88Mt in February 2019. Cement dispatches, however, jumped 9.3 per cent YoY, says Aljazira Capital.
 
Meanwhile, the total utilisation rate of Saudi cement sector declined to 52.8 per cent in February compared to 61.4 per cent in the same period last year.
 
Southern and Yamama Cement recorded the highest YoY increase in sales of 47 per cent and 38.8 per cent, respectively. However, Arabian Cement showed the highest decline of 46.1 per cent YoY, while Yanbu Cement fell 44.5 per cent YoY.
 
In February, Southern and Saudi Cement recorded the highest market share of 16 per cent and 11 per cent, respectively.