What Do Cement Channel Checks Suggest About Cement Prices and Demand? | ET Now

Описание: Cement channel checks suggest Cement prices at all India level has marginally declined by 1% MoM in August 2023. In the southern and Eastern region, prices have declined by 3% and 4% respectively but prices have been flattish in other regions. As far as raw material prices are concerned, diesel prices have remained flat, energy prices have increased and average imported coal prices stood at $119/tonne – up 7% MoM in Aug’23. Volume growth in Q2 is likely to moderate due to seasonality but outlook for the full year remains strong ahead of the general elections; double digit volume growth is expected for FY24.

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