The 39.8 per cent YoY rise of the cement prices in Brazil in the first quarter of 2008 was considered quite positive for Cimpor, Portuguese investment bank BPI said on May 6, 2008.
Most of the markets where Cimpor is active reported a growth in the cement prices, except for Spain, which was expected, BPI said in a note.
Brazil was an important market for Cimpor in the first three months of 2008, BPI said that, considering the increase in the cement prices there, reported by Swiss cement producer Holcim in its earnings results release.
In Spain, Cimpor is present both in the northern and the southern regions, which will partially compensate for the current weakness of the market, the bank added.
Cimpor will release its first quarter of 2008 results on May 28.