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Cement set to rise again

The price of ready mix concrete is expected to rise even further this week after already seeing an increase last week, as cement companies grapple with rising costs of raw materials and transportation.

The price of cement is expected to go up to about US $94 per tonne this week from a level of around $85 per tonne in March.
The price of cement is expected to go up to about US $94 per tonne this week from a level of around $85 per tonne in March.

The price of ready mix concrete is expected to rise even further this week after already seeing an increase last week, as cement companies grapple with rising costs of raw materials and transportation.

Last month, a tonne of cement was being sold for $85 per tonne and it was reported that the same amount would sell for around $109 in April.

Currently, the price of cement per tonne is around $90 and is expected to go up to about $94 this week.

Last week, a circular issued by UAE-based ready mix concrete company, Unimix, to various construction companies in the UAE, attributed the rise in ready mix prices to increasing raw materials, diesel and transportation costs.

The circular read: "As you are aware, there is a substantial increase in cement, diesel and aggregate prices and transportation costs.

"Hence, we are left with no option other than to increase the prices of all RMC mixes by US $9.53 [AED35] per m³ for all types of concrete not including GGBS. For concrete mixes including GGBS up to 295kgs, increase in price will be $14.43 [AED53] per m³ with effect from 1 April 2008.

Speaking to Construction Week, Chris Lobel, general manager, Conmix, said: "We will have to raise our prices this week as the market is forcing us to do so. The price of cement is going up and so is the price of aggregates, diesel and therefore transportation as well.

The new price for OPC could touch $95.8 by the end of this week.

Contractors in the UAE have argued that concrete suppliers are raising their prices in order to cash in on the disparity between demand and supply. But suppliers have stressed that the increase in ready mix prices is not within their control and is being driven entirely by market forces.

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