The prices of building materials in the Saudi market declined significantly during the month of May, according to the average prices of goods and services report issued by General Authority for Statistics, which showed a decrease in steel prices in almost all categories. iron prices in almost all categories, along with a decline in electrical wire and cable prices, while timber prices were mixed between a decrease and a slight increase.
Wood prices were mixed between a decrease and a slight increase.
Collectively lower steel prices except for one category
<The report highlighted a monthly decline in most rebar categories, with the exception of 6mm, which recorded a slight increase of 0.5% to reach SR3,922.7 per ton.The rest of the categories witnessed varying declines, where:
8mm iron decreased by 0.6% to 2748 riyals per ton.
8mm iron decreased by 0.6% to 2748 riyals per ton. 10mm steel declined by 0.3% to 2803.5 riyals.
10mm steel declined by 0.3% to 2803.5 riyals per ton. 12mm iron decreased by 1.8% to 2722.5 riyals.
12mm iron decreased by 1.8% to 2722.5 riyals.
14mm iron fell 1.7% to 2725.6 riyals.
14mm iron fell 1.7% to 2725.6 riyals. 16mm and 18mm iron fell by 1.7% to 2727.9 riyals and 2724.9 riyals, respectively.
The price of 16mm and 18mm iron fell by 1.7% to 2727.9 riyals. Similarly, the price of Chinese steel connecting cables fell by 2.7% to 48 riyals per 10 kg.
Decline in electrical wire prices
The report showed a monthly decrease in the prices of electrical wires in various categories, as follows:
2.5mm wires fell by 1.6%.
4mm wires fell by 0.6%.
4mm wires fell by 0.6%.
6mm wires were down 0.7%.
Electrical cables fell in most categories by between 0.2% and 0.9%, with the exception of the 300mm category, which recorded a slight increase of 0.4%.
With the exception of the 300mm category, which recorded a slight increase of 0.4%.
Wood prices. Mixed trends
Timber prices recorded mixed performance in May:
Chilean lumber decreased by 0.1% to reach 1568.8 riyals per cubic meter.
Chilean lumber decreased by 0.1% to reach 1568.8 riyals per cubic meter. In contrast, the price of Romanian lumber increased by 0.3% to 1491.1 rials.
Romanian lumber rose by 0.3% to 1491.1 rials per cubic meter.
African teak recorded a slight increase of 0.1% to 6627.8 riyals.
African teak recorded a slight increase of 0.1% to 6627.8 riyals.
Indonesian Appalachian wood rose by 1.1% to 3160.4 reais per cubic meter.
Indonesian Appalachian wood rose by 1.1% to 3160.4 reais per cubic meter.
Coal declines
The report showed that the price of coal fell by 1.2% in May to reach 10.8 riyals per kilogram, in a wave of declines that affected a number of basic building materials.
