Cement prices likely to see a rebound after LokSabha elections
After price volatility in March 2019, the cement sector may see an improvement in prices after LokSabha elections in June when construction activity by the government, as well as, individuals start picking up and a shortage of labour eases. After prices remained muted from April 2018 to January 2019, the sector witnessed a rebound in prices for a few weeks in February-March when average prices rose by around Rs 25 a bag only to fall after Holi. Industry officials said that in mid-March, while prices fell marginally in the northern region to around Rs 300-315 a bag, in south India, prices declined by nearly Rs 15 to around Rs. 315-320 per bag with the steepest decline in Hyderabad, Bangalore and parts of Kerala.
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