Falling Abu Dhabi cement prices expected to continue

Falling Abu Dhabi cement prices expected to continue
Published: 02 November 2009

Prices of Portland cement and sulphate-resistant cement in Abu Dhabi fell almost 7% in October when compared to September, due to falling demand. Al Etihad Portland Cement, which was selling for Dhs330 in late September was priced at Dhs305 a month later, while prices for Al Etihad sulphate-resistant cement fell from Dhs340 to Dhs315 over the same period. Prices are expected to fall further, as there has been no increase in demand and officials told Emirates Business 24/7 that it is likely to take up to 18 months for demand to get back to 2007 levels.