Abu Dhabi steel prices up 4.8% MoM in June

Abu Dhabi (SCAD) issued its monthly report on the prices of building materials for the month of June and the second quarter of 2012. The report presents an analysis of the movements in the prices of the various materials used in the construction industry in Abu Dhabi retail market during June and the second quarter of 2012.

The dissemination of the report, which presents a wide range of price data, is intended to serve the needs of data users in the public and private sectors for the purposes of research, planning and decision making in ways that support the construction sector as well as related and dependent sectors.

Prices of building materials in June compared with May 2012

According to SCAD's report, the prices of several building materials groups have undergone changes during June 2012 compared with May 2012. Steel prices increased by 4.8%; reflecting rises in the items in this group in the range of 4.0% for "Steel bars, 6 - 8 mm ton Turkey" and 19.9% for "Wire binding wire bundle - 10 kg China". Other groups that recorded increases during the aforesaid period include the "Wood" group (up 2.65), "Concrete" (up 2.1%), "Cement" (up 0.8%) and "Transport equipment rentals" (up 0.5%).

On the other hand the prices of "Construction labour" fell by 10.1% as all items in this group decreased, with the drop ranging between 6.3% for "Semi-skilled workers" and 14.3% for "Electricians". In addition, "Aggregates and sand" decreased by 7.0% as result of decreases in most of the items constituting this group by 5.6-13.3%. "Glass" decreased by 4.5%, "Power cables" by 3.9% and "Wires for apartments" by 3.7%.

Prices of building materials in June 2012 compared with June 2011

As SCAD's report reveals, price changes during June 2012 compared with June 2011 were dominated by increases in most groups, with the largest rise recorded in the prices of "Waterproofing products", which surged 16.2%, followed by "Sanitary ware - bathroom set without accessories" (up 15.5%), "Glass" (up 13.0%) and "Cement" (up 12.7%).

By contrast, a number of building materials groups showed a decline in average prices during June 2012, compared with June 2011. These include the prices of "Wires for apartments", which tumbled 22.4%, followed by "(PVC) pipes" (down 15.7%), "Wires for small buildings" (down 15.3%), "Power cable" (down 12.4%) and "Construction labour costs" (9.3%).

Prices of building materials in Q2 compared with Q1 2012

The reports also analyzes the average prices of building materials in Q2 2012 compared with Q1 2012, revealing higher average prices for most groups in Q2 2012, with increases ranging from
0.4% for "Sink stainless steel with mixer-single" to 7.0% for the "Cement" group.

The average prices of "Diesel", "Roofing materials", "Natural stone", and "Sanitary ware- Bathroom set with accessories" showed no change in Q2 2012 compared with Q1 2012.

On the other hand a number of commodity groups recorded lower average prices during Q2 compared with Q1 2012, led by the decline in "Construction labour costs", which retreated 6.1%, followed by "Wires for apartments (down 5.4%), "Power Cable" (down 3.9%), "Wires for small buildings" (down 2.2%) and "PVC pipes" (down 1.6%).

Prices of building materials for Q2 2012 compared with Q2 2011SCAD reported decreases in the average prices of most groups during Q2 2012 compared with Q2 2011. The falls ranged between 0.1% for "Cement blocks" and 20.9% in the case of "Wires for apartments". In addition, "PVC Pipes" decreased by 16.2%, "Wires for small buildings" by 14.9%, "Power cables" by 9.8% and "Construction labour costs" by 9.2%.

The average price for "Diesel" and "Sanitary ware- bathroom set with accessories" remained stable during Q2 2012, compared with Q2 2011.

An upward trend was also displayed by a number of other groups, between the afoAir Jordan XXX 30 Shoes