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.
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