Cement prices improve across India in June; southern India sees maximum hike
Cement prices have improved across India in June. The latest dealers channel check by Kotak Institutional Equities showed that all-India prices rose 4% to ₹376 per 50-kilogram bag, on a month-on-month (m-o-m) basis. This was led by an 11% m-o-m rise in prices in southern India to ₹415 per bag.
Pent-up demand has translated into higher prices. Dealers say, upon re-opening of markets, demand is driven by state government projects in areas such as schools, roads and affordable housing and Tier 1 and Tier 2 cities with the restart of infrastructure projects. Barring south, pan India prices remained flat after the last hike in March 2021, the report added.
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