Cement Price: Due to rising inflation in the country, difficulties are increasing day by day for the common people and from vegetables to FMCG items are also becoming expensive. Now in this episode a news has come which can raise concerns for the house builders or the construction builders. This news has come about cement prices. just last month
An increase of Rs 3-4 per bag was seen in the prices of cement and now in November also the rates of cement bags are going to increase.
Emkay Global reports on cement prices
Emkay Global Financial Services Ltd has said that cement companies are planning to increase prices by Rs 10 to Rs 30 per bag in November. Emkay Global said in a recent sectoral report that cement companies are trying to hike prices by Rs 10-30 per bag across sectors on November 22. These price hikes will be disclosed in the next few days.
Report on cement prices in different parts of the country
Emkay Global said, the average all-India cement price hike in October 2022 was around Rs 3-4 per bag. On a month-on-month (MOM) basis, prices increased by 2-3 per cent in the east and south and about one per cent in the west. The report also said that there has been a decline of 1-2 per cent in the northern and central regions.
Impact on demand shown in October
Due to higher base, industry volumes were expected to decline from high single-digit YoY and low double-digit MoM on October 22. According to the report, labor shortage due to delayed exit of monsoon and festive holidays affected the demand for October 2022. Demand is expected to improve in the coming weeks, with all major festivals coming to an end and a busy construction season beginning.
There will be less pressure on the cement industry
Emkay Global said cost pressures are expected to ease for the industry in the coming quarters with increased cost, increase in cement prices and pick-up in construction activity in the coming quarters and industry margins to remain down in Q2. are supposed to. International petcoke prices are down nearly 30 per cent from their peak of $195 a tonne. Besides this, a reduction in fuel prices is expected to result in cost savings of at least Rs 150-200 per tonne from Q3 of FY23, Emkay Global said.
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