Cement News

Cement Prices Fall In December: Emkay Channel Check | ET NOW

Emkay Broking channel checks indicate that the cement prices have declined by 1% MoM (Rs 4/bag) in December 2022, on pan-India basis. However, the fall was after witnessing gradual price-hikes for the past three months. Cement prices declined by ~2% MoM in the East and South, while staying largely flat in other regions. In Q3FY23, all-India average cement prices increased by 2%-2.5% (Rs 8-10/bag) on YoY and QoQ basis.Cement volumes are likely to have been flat-to-marginally positive on YoY and MoM basis, in December 2022. In Q3FY23, volumes are expected to have increased by 7%-8% YoY, led by a favorable base and strong infra push by the government. The Eastern and Southern regions have been leading the demand.Watch the video to know more. #ETNOW #CementPrices #CementNews #EnglishNews

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