Malaysian price hike on the cards

Malaysian price hike on the cards
Published: 24 July 2012

Tagged Under: Malaysia Pricing 

Speculation is rising that cement prices in Malaysia will rise, however, industry sources are unsure whether will actually transpire.

Ching Liong Building Materials Distributors Association of Malaysia president New said, to date, there are no indications to signal a rise in cement prices compared to a few weeks ago when one factory raised its prices.

"The situation has, however, stabilised with a lot of the mills running at full capacity, of which demand is there and the market environment is conducive for growth.

"If there is an increase in prices, this is probably the plants hoarding the cement to create shortage. This is to force the construction industry to pick up faster than the current pace," New told Business Times in a phone interview.