Story thread · 2 reports / 2 sources

Cement prices up ₹7/bag; more hikes likely

economictimes.indiatimes.com · 7h · first reportShare

New Delhi: Cement companies could attempt another round of Rs 5-20 per bag price hikes across most markets in October, although the ability to sustain the increases will depend on demand recovery and dealer acceptance, Centrum Broking said in a report."With fuel prices having increased sharply in recent weeks, the ability of companies to implement and sustain price hikes will remain a key monitorable," the report said.Also Read: Karnataka HC quashes Rs 482-crore penalty on ACC, directs govt to execute mining leaseThe outlook follows a pickup in cement pricing momentum in September, with the all-India average trade price rising Rs 7 per bag month-on-month to Rs 356, after remaining largely flat during July and August.Centrum said its channel checks showed that cement prices gained across both trade and non-trade segments during September, with non-trade prices seeing sharper increases in most markets.However, the report noted that the higher company billing rates have not been fully pas