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

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 86574 75330

Join us Telegram

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back