Cement Prices

Weakness in Cement Prices May Be Short-Lived Amid Hopes of Demand Revival

Dealers anticipate a rebound in demand as states resume infrastructure spending post general elections, with real estate sales driving optimism.

Photo by Martin Jernberg / Unsplash

In India, the cement industry is poised for a potential turnaround as market players foresee a resurgence in demand. Dealers are optimistic about the recovery of demand post the general elections, expecting states to ramp up infrastructure investments.

Particularly encouraging is the robust performance of real estate firms in residential sales, outpacing available inventory levels. Analysts highlight that residential properties are currently in high demand, with the real estate sector driving 55% of the total cement demand, while the remaining portion stems from infrastructure projects.

Source: Economic Times

Pohang and Jeonju's Sub-5 Billion Won Apartments Vanish Amid 40% Surge in Cement Prices and Skyrocketing Labor Costs

South Korea: The skyrocketing costs of construction, primarily due to a 40% increase in cement prices over the past three years and continuous rises in material costs and wages, have pushed apartment offering prices beyond the reach of key demand groups, notably newlyweds.

Argentina: Cement Sales in La Rioja Fell by Almost 50%

Sales continue to decline, and the construction sector is no exception. This issue was discussed by Pablo Chamía, head of the Loma Negra distributor in La Rioja, who noted that cement sales in La Rioja have fallen by 50%.

Cement Prices on Saturday, March 23, 2024, in the Markets

Cement prices witnessed notable stability before the start of transactions in the markets on Saturday, March 23, 2024.

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