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Egypt Fertilizer Prices Drop as Steel Cost Edges Higher

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Egyptian fertilizer prices experienced across-the-board declines on October 11, led by an 8.4% drop in ammonium sulfate to 18,838 Egyptian pounds per ton. Ammonium nitrate slid 2% to 23,796 Egyptian pounds per ton, and urea fell 2.8% to 24,280 Egyptian pounds per ton. In contrast, building material costs showed resilience, with grey cement holding steady at 3,990 Egyptian pounds per ton.

Construction inputs recorded modest gains during the same period. Investment-grade steel edged up 0.7% to 38,107 Egyptian pounds per ton, while Ezz Steel rose 0.6% to reach 40,421 Egyptian pounds per ton. Diverging trends between agricultural inputs and key industrial commodities highlight shifting demand dynamics across Egypt's farming and infrastructure sectors.

Market participants will continue tracking daily price movements across domestic manufacturing inputs and construction supplies to gauge broader inflationary pressures and supply chain stability in the region.

Key points

  • Ammonium sulfate prices fell 8.4% to EGP 18,838 per ton on October 11.
  • Urea dropped 2.8% to EGP 24,280 per ton, while ammonium nitrate declined 2% to EGP 23,796 per ton.
  • Grey cement prices remained unchanged at EGP 3,990 per ton.
  • Investment-grade steel rose 0.7% to EGP 38,107 per ton, and Ezz Steel gained 0.6% to EGP 40,421 per ton.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

How much did fertilizer prices fall in Egypt on October 11?

Ammonium sulfate dropped 8.4% to EGP 18,838 per ton, urea fell 2.8% to EGP 24,280 per ton, and ammonium nitrate declined 2% to EGP 23,796 per ton.

What were the steel prices in Egypt on October 11?

Investment-grade steel rose 0.7% to EGP 38,107 per ton, while Ezz Steel increased 0.6% to EGP 40,421 per ton.

Did cement prices change in Egypt on October 11?

No, grey cement prices held steady at EGP 3,990 per ton.