Thai prices expected to climb further

Thai prices expected to climb further
Published: 17 August 2011

After increasing prices three times for a total of 20% during the first seven months of the year, cement makers look set to keep doing so for the rest of the year due to an upward trend in commodity prices, according to Chonburi Concrete Product Plc (CCP).

All commodity prices tend to rise further even as oil prices are either stable or falling, noted CCP managing director Chakrit Theepakornsukkasame.

To maintain its gross margin, CCP will raise cement prices in line with costs, but Mr Chakrit declined to be specific about the extent of the increases.