TASHKENT, Uzbekistan, November 14. Cement emerged as one of the most popular products on Uzbek Republican Commodity Exchange JSC from November 6 through November 12, 2023, Trend reports.
Data by Commodity Exchange shows that 41,106 tons of cement were sold through stock trading from November 6 through November 12 with the daily volume of cement sales fixed at 8,200 tons.
During the period under review, the daily average price of cement decreased from 644,100 soums ($52.5) to 634,300 soums ($51.7) per ton.
The total volume of goods sold on all platforms of the Uzbek Republican Commodity Exchange JSC amounted to 2.6 trillion soums ($210.8 million) over the past week.
As per data provided by the Uzbek Commodity Exchange, the recorded number is 13.1 percent less than in the previous week. Of these, 80.9 percent of the transactions concluded were on exchange trading, and the remaining 19.1 percent were on e-commerce trading systems.
Meanwhile, from January to September 2023, Uzbekistan's large enterprises produced 9.2 million tons of cement.
Furthermore, in September 2023, a large-scale project for the production of cement worth 3.8 trillion Uzbek soums ($312.6 million) was launched in Uzbekistan's Samarkand with the assistance of CHINA Energy International Group.
The new factory, which will make M-400 and M-500 Portland cement with a daily output capacity of 7,500 tons, or 3 million tons per year, is believed to have created 500 new employment opportunities.
