Cement prices down across India due to monsoon: Jefferies
Cement

Cement prices down across India due to monsoon: Jefferies

Cement prices are declining in most markets due to the monsoon, according to a research report by Jeffries. The all-India average prices are currently below the January 2022 average, when the cost pressure was less.

The report has also cautioned that high input costs and soft pricing may further weaken the second quarter of the financial year for the sector.

The recent price hike comes after a fall in cement prices by Rs 40 to 60 per bag since May 2022. The dealers have also indicated that there is pressure on prices due to the newly commissioned clinker capacity by Shree Cement, UltraTech and Dalmia.

Earlier in July, the Competition Commission of India (CCI) finalised a report on its investigation into the alleged cement cartelisation in the eastern and southern regions of the country.

In East India, the weak cement prices for August, particularly in the Kolkata market, were due to the fight for volumes. There was a price increase of Rs 10 to 15 per bag from September 5 and another Rs 10 per bag increase is expected from the September 15.

In West India, the producers have announced a price hike of approximately Rs 20 per bag in Ahmedabad and Pune markets from the fifth to September and there is no price hike announcement in Mumbai.

In central India, the cement prices were largely stable in the trade segment, except for a minor decline in the Lucknow market. For South India, the monsoons have been intensifying in the last two weeks of August, and the prices declined by approximately Rs 10 per bag in Bangalore and Chennai.

While PET coke cost has eased from the peak, it is still above January 2022, and coal is substantially higher.

See also:
Birla Corporation to expand cement production capacity
South sees cement price rise


Cement prices are declining in most markets due to the monsoon, according to a research report by Jeffries. The all-India average prices are currently below the January 2022 average, when the cost pressure was less. The report has also cautioned that high input costs and soft pricing may further weaken the second quarter of the financial year for the sector. The recent price hike comes after a fall in cement prices by Rs 40 to 60 per bag since May 2022. The dealers have also indicated that there is pressure on prices due to the newly commissioned clinker capacity by Shree Cement, UltraTech and Dalmia. Earlier in July, the Competition Commission of India (CCI) finalised a report on its investigation into the alleged cement cartelisation in the eastern and southern regions of the country. In East India, the weak cement prices for August, particularly in the Kolkata market, were due to the fight for volumes. There was a price increase of Rs 10 to 15 per bag from September 5 and another Rs 10 per bag increase is expected from the September 15. In West India, the producers have announced a price hike of approximately Rs 20 per bag in Ahmedabad and Pune markets from the fifth to September and there is no price hike announcement in Mumbai. In central India, the cement prices were largely stable in the trade segment, except for a minor decline in the Lucknow market. For South India, the monsoons have been intensifying in the last two weeks of August, and the prices declined by approximately Rs 10 per bag in Bangalore and Chennai. While PET coke cost has eased from the peak, it is still above January 2022, and coal is substantially higher. See also: Birla Corporation to expand cement production capacitySouth sees cement price rise

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?