BAKU, Azerbaijan, June 25
By Klavdiya Romakayeva - Trend:
The volume of sales of cement products from January to June 11 was 14.5 percent higher than in the same period in 2020, Trend reports referring to the press service of the Uzbek Republican Commodity Exchange (UZEX).
According to UZEX, 4.21 million tons of cement were put on the exchange, of which 4.13 million tons (98.1 percent) were sold at an average price of 595,400 soums ($56.45) per ton. It is noted that the average monthly sales volume amounted to over 688,000 tons.
It is reported that Kizilkumcement JSC is the leader in cement products sales with a share amounting to 37.2 percent. The second place was taken by Akhangarancement JSC with a specific weight of 20.9 percent. The following positions are occupied by cement plants of Almalyk MMC JSC - 20.1 percent, Bekabadcement JSC - 9.3 percent and Kuvasaycement JSC - 7 percent.
UZEX noted that the volume of products put up for auction by the above enterprises amounts to 94.6 percent of the total cement sales through the exchange.
In addition, throughout the past period, cement prices were formed exclusively according to market rules of supply and demand. During the period under review, the average prices by factories ranged from 569,600 soums to 675,600 soums per ton (from $54 to $64.05).
In the structure of buyers in the context of regions, the highest demand for cement was noted in the city of Tashkent and the Tashkent region, the total share of which amounted to 24 percent. Surkhandarya region occupies 12 percent of the cement market. The share of Samarkand region accounts for 11 percent, Bukhara and Kashkadarya regions occupied 10 percent of the market. The share of other regions is comparatively lower.
Earlier, Director of the Research and Engineering Center of the Uzbek building materials Association Saidakhmad Razzokov said that in 2019 the cement production capacity in Uzbekistan amounted to only 6.5 million tons.
“Today, this figure accounts for 14.5 million tons. We will reach 25 million tons by 2024. The larger the volume of production, the less the growth in demand will be reflected in the cost of production. Thus, price stability can be ensured,” he said.
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