A report has said that average cement prices are expected to rise by 6 per cent YoY and 7 per cent on QoQ basis across the country despite volume decline in the southern and central regions. As per reports, the eastern region is likely to see a strong growth in demand for the key building material. Commenting on the issue, an ICICI Securities Official told the media, “Average pan-India cement prices are likely to be up 6 per cent YoY and 7 per cent QoQ, led by the western region where prices are likely to be up 10 per cent YoY and 15 per cent QoQ.
Prices across other regions are likely to be up 3-7 per cent both YoY and QoQ.” “The average cement prices stood at Rs 283 per 50 kg bag in the north Indian market in Q4FY17. Among other markets, cement prices per bag were Rs 292 in east, Rs 268 in west, Rs 298 in central, Rs 322 in the southern market in Q4 of the last fiscal.