Cement sales: Indications of seasonal uptick

Exports sales rebounded strongly in February with a MoM jump of 29%.


Our Correspondent March 01, 2013
Cement off-take in February 2013 grew 2% year-on-year (YoY).

KARACHI:


Cement off-take in February 2013 grew 2% year-on-year (YoY), exhibiting initial signs of seasonal pick-up, while total sales remained flat month-on-month (MoM) at 2.55 million tons, translating into cumulative sales of 21 million tons so far this year, up 3%, Foundation Securities Research reported on Friday. 


Exports sales rebounded strongly in February with a MoM jump of 29%. It is expected that the months ahead will be fruitful for cement players, driven by seasonal growth in volumes and further price-led improvement in margins, it said.

“Eyeing potential uptick in demand from March onwards, we expect local sales to settle at 25 million tons, up 4.4% YoY,” it said. “However, we anticipate export sales to witness a nominal decline of 2% YoY due to a slowdown in global demand, coupled with commissioning of new capacities in the region.”

Published in The Express Tribune, March 2nd, 2013.

Like Business on Facebook to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

E-Publications

Most Read