Cement prices likely to stay range-bound through September as post-monsoon demand recovery key: Report
New Delhi, Aug. 27 -- Cement prices are likely to remain broadly range-bound through September as weak and uneven demand continues to limit companies' ability to sustain price increases, with a recovery in construction activity after the monsoon emerging as a key factor for the sector, according to a report by Centrum.
The brokerage said its channel checks across regions showed that cement prices remained largely stable in August, while recent price hike attempts of up to Rs 10 per bag in select markets were yet to be absorbed. It expects companies to remain focused on protecting existing price levels, with selective hikes possible in some markets.
"Market intermediaries expect cement prices to remain broadly range-bound through Septemb...
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