MOSL: CEMENT-Price correction across most regions in May/June-North and south markets witness maximum drop in pricing
​CEMENT: Price correction across most regions in May/June; North and south markets witness maximum drop in pricing
May-17 saw price correction across majority of the markets from the highs of April due to demand weakness and the government’s intervention to curb sharp price increases.
Price corrections have been the highest in the north, south and central markets due to demand weakness in the central and south markets led by non-availability of sand.
Pricing in the eastern market has been largely stable, barring some correction in Chhattisgarh. The west market has been the only exception, where prices increased as late as the first week of May-17.
Price correction across most markets in May-17 due to demand slackness: All-India cement prices witnessed some decline in May-17 from the highs of April-17 due to demand slackness and the government’s intervention toward end-April against the steep price increases initiated in most regions. Both demand weakness and government pressure resulted in price correction in most markets, with all-India average price declining 1% MoM in May-2017.
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