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Rise in cement prices in Sep to offset energy cost hike: Experts
Mint Mumbai
|October 04, 2023
The improvement in cement prices seen during September remains positive for the manufacturers amidst rising energy costs.
The cement channel checks by brokerages indicate that improvement in cement prices continued in September led by major price hikes in East India.
For September 2023 average prices are up 4% month-on-month and for second quarter (Q2FY24) are up 0.5-1.0% sequentially as per analysts at Jefferies India Private Ltd.
East India has seen maximum price hikes and the effective price increase in the east from end-August to end-September is ₹50-55 per bag. The rest of the regions also have seen price hikes up to ₹20 per bag with the exception of South India, as per analysts.
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