Cement prices expected to rise further

Cement prices are expected to be further raised on the back of high demand as well as rising raw material cost, said Motilal Oswal Financial Services (MOFSL).

In March 2022, cement prices rose 2-3 per cent on a month-on-month (MoM) basis across regions despite some volume push, to meet the year-end targets.

We believe that exit cement prices in 4QFY22 were 3 per cent higher than the average realisation for the quarter, MOFSL said.

Our interaction with dealers suggests that non-trade cement prices in March 2022 rose by Rs 15-20 per bag in south and central, whereas the price increase was Rs 5-10 per bag in north, east, and west India.

0

0