Indian cement prices may be set for further rises

Indian cement prices may be set for further rises
Published: 09 November 2011

Cement prices in India, which have been rising since September after a sluggish run during monsoon, may increase by another INR10/50kg bag across India barring southern region, as manufacturers exercise production discipline and reduce utilisation levels, according to industry insiders.

Cement prices in the northern and the western regions have increased by INR5 to INR10/50kg bag this month. The wholesale prices in the northern region are now close to INR280-290/bag while for the western region they are INR270-280.

Sources said prices were first increased in the western region by INR5-10/bag earlier this month followed by the northern region on Tuesday. Prices in the eastern and southern region remain stable.