Saudi Arabia cement demand down 5%

Saudi Arabian cement stockpiles are said to have grown to 22.5 million tonnes worth SAR 5.28 billion (US$ 1.41bn), with producers having to cut output by 5-10%. National cement committee chairman Jihad al-Rasheed said that production has risen 5% to 60 million tonnes while demand is 57 million tonnes. An industry source is reported by Saudi media saying that demand has fallen in recent months, particularly in Ramadan. According to al-Rasheed, the government is still considering lifting the cement export ban

According to Al Rajhi Capital of Saudi Arabia, Saudi Arabia has posted a 6% year-on-year drop in its cement sales in April 2016 to 5.4 million tonnes.

City and Al Jouf Cement are reported to have seen the highest rise in sales in the month under review, with more than 30% and 29% year-on-year, respectively.

Najran Cement dispatches declined sharply by 38%, and Hail dispatches decreased by 25%.

Al Rajhi Capital, in its report, said that April 2016 dispatches showed strong demand in Saudi Arabia's c

Saudi Arabia’s cement industry is lobbying for the axing of a three-year-old export ban, wishing to supply other countries in the region as well as Ethiopia. Jihad Al-Rasheed, chairman of the Council of Saudi Chambers' cement committee, is reported as saying Saudi firms are ready to ship six million tonnes to Egypt for the recent major infrastructure contracts in the North African country. Qatar's sports facility works ahead of the 2022 World Cup make it a further major potential client. Al-Rasheed is repor

Saudi Arabia reported 11% annual growth in cement demand between January and May 2020 compared to the same period of 2019, according to Al Rajhi Capital.