Ce­ment prices in east, south drop sharply in Oct

Mint ST - - MARK TO MARKET -

Ce­ment prices have cor­rected sharply in East and South In­dia in Oc­to­ber. Dealer chan­nel checks by Ko­tak In­sti­tu­tional Eq­ui­ties showed month-on-month (m-o-m) ce­ment prices fell by Rs18/bag in east and by Rs16/bag in south. One ce­ment bag weighs 50kg. State-wise, prices de­clined by Rs20-25/bag m-o-m in Andhra Pradesh/te­lan­gana. In the East, West Ben­gal and As­sam saw a steep fall in prices of about Rs30/bag m-o-m. On the other hand, ce­ment prices in north, cen­tral and west re­gions saw mar­ginal changes. With that, ce­ment prices in all re­gions ex­cept west are back to March 2017 lev­els, giv­ing up most of the pric­ing gains seen in April 2017, said the broking firm. Mean­while, all-in­dia ce­ment price de­clined by Rs8/bag m-o-m in Oc­to­ber, main­tain­ing the weak trend seen through the mon­soon pe­riod.

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