Southern market pulls cement prices up by 3% in Sept despite dismal demand

September 2019 witnessed a steeper price cut in non-trade segment, as demand dry-up in the trade segment led the companies to push more volume in non-trade segment

Cement prices increased by 3.2 per cent in the last week of September on a year-on-year (YoY) basis mainly due to realisation recovery in the key Southern region even though the prices remained flat on a sequential basis. While average Southern prices improved by by 1.9 per cent YoY and 4.8 per cent MoM, average prices in other regions contracted by around 1-3 per cent MoM during the period under consideration, as per reports.

All-India average cement price remained at Rs 305-310 a bag (50 kg), up by around 3.2 per cent YoY and -0.3 per cent MoM.

While all-India