Pakistan producers have further increased ex-factory cement prices by Rs10 per 50-kg bag, pushing the prices to Rs228-230 after a rise of Rs 8-12 last week.
Talking to The Nation industry sources were hopeful in further rise by the following weeks. The sources believe that the rising input costs continue to be the prime reason for the increase in cement prices.
They said that the coal prices have surged to US$130-140/t, significantly increasing the costs of cement companies, which is creating negative impacting to the cement sector profitability.
The sources said that the cement prices got the raise of Rs5-10 per 50kg of bag at the retail level after experiencing persistent depression in the first quarter of fiscal 2007-08. The cement price of 50-kg bag was started raising from Rs. 205-210 to 210-215 at retail level last week.