Cement prices moderate in November as demand slows during festive period

Cement prices have corrected across most regions by an average of 2% in November as demand slowed down amid the festive season and elections in some states, dealers said...

This comes on the back of sharp - up to 20% - rise in prices and steady demand in September and October, following patchy rains...

The demand for cement is usually muted in monsoon months..

"On the demand front, there has been some recovery witnessed post-Dusshera led by new project launches but lower infrastructure spending by state governments due to assembly elections in December has negatively impacted demand," Nomura said.. Central India was impacted by weak demand from the key states of Madhya Pradesh and Uttar Pradesh..

While the Madhya Pradesh government has not announced any new projects due to the elections, budgetary constraints for the Uttar Pradesh government led to lower spending on infrastructure projects, analysts said.. (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)..

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