+
Cement demand to pick up from mid-January
Cement

Cement demand to pick up from mid-January

Average Pan-India cement prices have declined by 1% month-on-month (Rs 4/bag) in Dec-22, after witnessing gradual price hikes for the past three months. Prices declined by 2% MoM in the East and South, while staying largely flat in other regions, in Dec-22. In Q3FY23, all-India average cement prices increased by 2-2.5% (Rs 8-10/bag) on YoY and QoQ bases.

Industry volumes are likely to have been flat-to-marginally positive YoY and MoM in Dec-22. In Q3FY23, volumes are expected to have increased by 7-8% YoY, led by a favourable base and strong infra push by the government, with the East and South leading regionally.

Post gradual price hikes for the past three months, average Pan-India cement price is likely to have declined by 1% MoM (Rs 4/bag) in Dec-22. Prices in the North and West are likely to have stayed flat QoQ, while possibly declining by 2% QoQ in the central region.

Post gradual price hikes for the past three months, average Pan-India cement price is likely to have declined by 1% m-o-m (Rs 4/bag) in Dec-22. Prices in the North and West are likely to have stayed flat QoQ while possibly declining by 2% QoQ in the central region.

Also Read
NHAI seek bids for widening NH 75 section of Shiradi Ghat
New housing supply surges by 51% in 2022 across seven cities

Average Pan-India cement prices have declined by 1% month-on-month (Rs 4/bag) in Dec-22, after witnessing gradual price hikes for the past three months. Prices declined by 2% MoM in the East and South, while staying largely flat in other regions, in Dec-22. In Q3FY23, all-India average cement prices increased by 2-2.5% (Rs 8-10/bag) on YoY and QoQ bases. Industry volumes are likely to have been flat-to-marginally positive YoY and MoM in Dec-22. In Q3FY23, volumes are expected to have increased by 7-8% YoY, led by a favourable base and strong infra push by the government, with the East and South leading regionally. Post gradual price hikes for the past three months, average Pan-India cement price is likely to have declined by 1% MoM (Rs 4/bag) in Dec-22. Prices in the North and West are likely to have stayed flat QoQ, while possibly declining by 2% QoQ in the central region. Post gradual price hikes for the past three months, average Pan-India cement price is likely to have declined by 1% m-o-m (Rs 4/bag) in Dec-22. Prices in the North and West are likely to have stayed flat QoQ while possibly declining by 2% QoQ in the central region. Also Read NHAI seek bids for widening NH 75 section of Shiradi Ghat New housing supply surges by 51% in 2022 across seven cities

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code