Jefferies reports that cement prices experienced a much-needed increase in September.
For Q2, prices may drop by about 2-2.5% quarter-on-quarter and 6.5% year-on-year.
Year-to-date prices are down nearly 5% compared to last year, which is still behind the annual estimate of a 3% decline for FY25.
Volume growth remains weak due to unfavorable monsoon conditions.
Variable costs are beneficial, as petcoke prices have fallen to a four-year low.
Kanika Sharma is a Geopolitical Analyst and Editor at BigBreakingWire. She holds a Master's degree in History from the Central University of Punjab, with an academic background in qualitative research, text analysis, and historical frameworks. At BigBreakingWire, she analyzes global trade shifts, international policies, geopolitical developments, semiconductor supply chains, manufacturing policies, and sovereign industrial initiatives. Her work combines historical context with contemporary policy and macroeconomic analysis to explain complex global developments clearly and accurately.
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