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Cement prices in Oman set to rise by 2013

According to a report by BankMuscat research, cement producers in Oman will be able to raise prices by 2013, as dumping from the oversupplied UAE market slows and demand improves domestically and abroad, Muscat Daily has reported. The fall in domestic price realisations took a 'halt' in the first quarter this year after six quarters of continuous declines, while the export realisation uptick came as a positive surprise, said the report. "At current costs, there is little room for UAE manufacturers to lower their prices, which provides a strong base for realisations to bottom out in Oman," the lender said.