CLSA says cement prices have started to weaken across India, with dealers expecting more falls ahead, according to its India Reality Research survey.
Cement prices have fallen by an average of 2% per bag since April 15, with dealers citing rising inventories, while demand is being hit by 'sluggish' construction activity.
The outlook for the sector is mixed, with demand expected to rise 7-8% as construction picks up on the back of falling interest rates but rising costs could force companies to increase prices.
....more info
Cement prices have fallen by an average of 2% per bag since April 15, with dealers citing rising inventories, while demand is being hit by 'sluggish' construction activity.
The outlook for the sector is mixed, with demand expected to rise 7-8% as construction picks up on the back of falling interest rates but rising costs could force companies to increase prices.
....more info