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FinancialNews
24-08-21
Market of cement sees huge confusion in Iran in last 3 months
(MENAFN)The market of cement that is considered one of the most important constructional materialssaw huge turmoil in Iran in the last three months, that was unprecedented in the history of production and consumption of this product.
The price of cement, that registered 2.2 million rials (about USD52.3) per ton at the beginning of the current Iranian year dropped to 1.2 million rials (about USD28.5) in a period of less than three months, that led to the closure of ready-mixed concrete production plants and the cessation of concrete pouring in the constructional projects, and these closures continue.
The reason behind this condition is set to be offering cement on Iran Mercantile Exchange (IME), something affecting many debates.
Ordinary pricing for cement has always challenged producers, so this product is offered on the commodity exchange, according to some experts and also those active in the cement market.
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