New Delhi, June 30 -- Cement prices are expected to remain largely flat in July as the monsoon season and weak underlying demand continue to weigh on the sector, according to a report by Centrum.

The report said demand during the first quarter of FY27 remained range-bound and below expectations, with dealers across markets pointing to subdued construction activity, labour shortages, elections, heatwaves and slower execution of government projects as the key reasons behind the weakness.

According to the report, some recovery was witnessed in June due to the delayed onset of the monsoon and quarter-end volume push. However, dealers do not expect any meaningful increase in cement prices during July.

"Dealers across most markets do not exp...