In India, Cement prices are expected to rise by 5.9%in 2012-2013.
According to CMIE (Centre for Monitoring Indian Economy), "With costs expected to continue to rise, cement prices are likely to increase in tandem & remain on the higher side. We believe prices are expected to rise by 5.9% during 2012-13" .
The average cement prices ruled Rs. 260 per 50 kg bag in 2010-11. The price started moving up from Rs. 283 per bag in April 2011 to Rs.312 in March 2012 and Rs. 323 in April 2012.
Prices in many of the cities rose by 3 to 6% during the month. The rise in prices can be attributed to the increase in railway freight charges announced in March, 2012 & excise duty hike announced in the Union Budget 2012-13.
The demand for cement remained muted during the April to October 2011 period. However, the demand picked up in the second half of the year and led to a 10 to 11% increase in dispatches.
Thus, sales volumes rose to 2,233.5 lakh tonnes for 2011-12, 7% higher than the previous year. The 2011-12 also saw recovery in cement prices, CMIE said.
CMIE expects cement dispatches to remain healthy in the coming months. An expected improvement in demand coupled low-base is likely to aid the growth. For the 2012 -13, dispatches are expected to rise by 7.5%.
According to CMIE (Centre for Monitoring Indian Economy), "With costs expected to continue to rise, cement prices are likely to increase in tandem & remain on the higher side. We believe prices are expected to rise by 5.9% during 2012-13" .
The average cement prices ruled Rs. 260 per 50 kg bag in 2010-11. The price started moving up from Rs. 283 per bag in April 2011 to Rs.312 in March 2012 and Rs. 323 in April 2012.
Prices in many of the cities rose by 3 to 6% during the month. The rise in prices can be attributed to the increase in railway freight charges announced in March, 2012 & excise duty hike announced in the Union Budget 2012-13.
The demand for cement remained muted during the April to October 2011 period. However, the demand picked up in the second half of the year and led to a 10 to 11% increase in dispatches.
Thus, sales volumes rose to 2,233.5 lakh tonnes for 2011-12, 7% higher than the previous year. The 2011-12 also saw recovery in cement prices, CMIE said.
CMIE expects cement dispatches to remain healthy in the coming months. An expected improvement in demand coupled low-base is likely to aid the growth. For the 2012 -13, dispatches are expected to rise by 7.5%.
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