Skip to main content

Indian cement prices to improve in FY15

Published by
World Cement,


According to ICRA research, Indian cement prices are expected to improve going forward. The demand outlook for FY15 remains favourable as a result of the new government's focus on infrastructure spending.

Wholesale cement prices in the northern and western regions came under pressure in 2Q15 due to monsoons, and recovery in prices has been slow ever since. Cement manufacturers increased prices by Rs.5 – 20/bag in October 2014; however, prices came under pressure again in November and December due to a slow recovery in demand.

According to ICRA, average wholesale cement prices in Delhi fell from Rs.290/bag in July 2014 to Rs.268/bag in September 2014. Following the monsoons, prices increased to Rs.288/bag in October, but declined to Rs.260/bag in November and Rs.253/bag in December 2014.

Despite this, cement prices in the North have witnessed some recovery in January 2015. In the South, prices remained largely stable following the hikes in June 2014. Prices remained in the range of Rs.300 – 310/bag in Hyderabad until October 2014, but again increased to Rs.321/bag in December 2014.

According to ICRA, the price increase has been sustained throughout January 2015. Prices in the eastern markets have remained fairly stable during this financial year.


Edited from various sources by Rosalie Starling

Sources

Read the article online at: https://www.worldcement.com/asia-pacific-rim/11022015/indian-cement-prices-to-improve-in-fy15-318/

You might also like

 WCT2020

Optimisation 2020

Optimisation 2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):