BAKU, Azerbaijan, Dec. 2
By Klavdiya Romakayeva - Trend:
Kuvasaycement JSC and Akhangarantsement JSC cement plants in Uzbekistan suspended the production of cement due to the decrease in gas pressure, Trend reports with reference to the press service of the Antimonopoly Committee of Uzbekistan.
The committee noted that the decrease in pressure is associated with a cold snap and increased gas consumption by the population.
"Against the background of the current situation, the average daily volume of past trades amounted to 30,000 tons, which is 34 percent lower than the indicator of previous trades which accounted for 46,000 tons," the committee said.
In addition, the volume of sold cement amounted to 141,919 tons of cement, which is 68,456 tons (32.5 percent) less than the volume of cement sold at the previous auction.
"The decrease in volumes also influenced the growth of prices from 512 soums ($0.049) per kilogram at the beginning of the week to 539.1 soums ($0.052) per kilogram at the end of the week (or by five percent)," the committee said in a statement.
Also, the number of bidders decreased from 1,054 to 817 participants, and in terms of the number of buyers there was a decrease from 556 to 373 buyers,
Uzbekistan's Association of Building Materials Industry Enterprises also pointed to a decrease in supplies and an increase in prices, despite the end of the construction season.
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