Egyptian Fertilizer and Building Material Prices Decline on May 4th

Fertilizer Prices Experience Mixed Trends

On May 4th, the Egyptian market reported a mixed trend in fertilizer prices, according to data from the Information and Decision Support Center (IDSC). Ammonium sulfate saw a slight increase of 0.8%, bringing its price to EGP 17,296 per ton. In contrast, ammonium nitrate was priced at EGP 23,994 per ton, reflecting stable conditions in the market.

Urea, another key fertilizer, experienced a daily decline of 0.7%, with its price settling at EGP 24,940 per ton. This fluctuation in prices indicates ongoing volatility within the agricultural sector, which is subject to various domestic and international influences.

Building Material Prices Decline Significantly

The building materials sector also faced notable price reductions on the same day. Gray cement prices dropped significantly by 6.8%, reaching EGP 3,876 per ton. This decline may reflect changes in demand and supply dynamics within the construction industry.

In the steel market, investment-grade steel was priced at EGP 37,428 per ton, while Ezz Steel, a leading producer, had its price set at EGP 39,156 per ton. The fluctuations in these prices highlight the ongoing challenges faced by the construction sector, which is grappling with rising costs and fluctuating demand.

Frequently Asked Questions

What are the current prices for fertilizers in Egypt?

As of May 4th, ammonium sulfate is EGP 17,296, ammonium nitrate is EGP 23,994, and urea is EGP 24,940 per ton.

How much has the price of gray cement changed recently?

The price of gray cement has fallen by 6.8% to EGP 3,876 per ton.

What is the price of investment-grade steel in Egypt?

Investment-grade steel is currently priced at EGP 37,428 per ton.

What factors influence fertilizer and building material prices?

Prices are influenced by supply and demand dynamics, international market trends, and local economic conditions.