Ittihad Portland cement declined by 3.87% as well as Ittihad white cement declined by 0.55% in the same period.
Meanwhile, the price of lime gypsum (Oman) shrank by 5.30% below its average price of Dhs1,320 in June to an average of Dhs1,250 in July 2009.
The prices of aggregates and sand were generally stable in July, compared to their levels in June and the past three months.
Concrete prices fell by 5.45% during July, compared with June prices, with the price of standard ready- mix concrete falling by 6% to an average of Dhs352.5, down from Dhs375 back in June, while the price of phosphate resistant concrete dipped by 4.9% from an average of Dhs382.50 to Dhs363.75 over the same period.
The prices of construction steel edged up by 1.72% during July compared to June 2009, flat steel (Dubai) rose up by 2.51%, beam steel-large (Korea) by 5.44%, beam steel-small Korean by 7.07%, Japanese by 3.92% and Ukrainian by 7.07%.
(Mac Capital Advisors)
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Cement and concrete prices drop in July
- Middle East: Monday, August 24 - 2009 at 15:48
The prices of cement and concrete showed a declining trend in July comparing with June, giving an impetus to the construction activity in Abu Dhabi. The monthly bulletin on the prices of building materials for July comparing with June issued by the Statistics Centre-Abu Dhabi, showed mixed trends. Cement prices dropped by 1.74% on an average in July compared with June, as a result of the decline in the price of Ittihad sulphate resistant cement by 0.71% to an average of Dhs350, down from Dhs352.2 in June 2009, the bulletin said.
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StaffMonday, August 24 - 2009 at 15:48 UAE local time (GMT+4)
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