Cement Prices News: Cement prices are likely to increase further due to rising raw material prices amid rising demand. According to Motilal Oswal Financial Services, last month cement prices have registered a rise of two to three per cent on a monthly basis. However, the production of cement was also accelerated to meet the target at the end of the year, but even this could not control the price of cement.
So that’s why the price of cement will increase
The company said that from the talks with the dealers, it has been learned that the price of cement in South and Central India has increased by Rs 15 to 20 per bag, while in the eastern, northern and western regions, the price of cement has increased by Rs 5 per bag. Ten rupees increased. The company says that cement companies will pass on the burden to the customers to reduce the effect of raw material prices, which will increase the prices of cement.
40 to 50 rupees can increase on every sack!
The effect of increased prices of coal and petroleum coke will be visible on energy prices from April 2022. Diesel prices have also been increasing for the last few days, due to which the cost of freight has increased. Cement companies have indicated to increase by 40 to 50 rupees per sack of cement from April across the country.
Prices were increased even at the end of March
After sluggishness in January and February, cement demand improved in March. Cement demand grew by three to five per cent on an annual basis in March 2022, while it declined by six per cent during January-February. Some dealers say that the demand for cement had increased at the end of March due to the possibility of a rise in cement prices from April. The actual demand trend will be known only in mid-April.