“Almost all the dealers foresee 10-30% drop in demand in fiscal 2021 due to delay/freeze in construction activity,” the report said. As markets reopen in the second half of May, cement prices are expected to jump Rs 15-20/ bag initially due to supply constraints However, over the medium term, we expect price hike to be rolled back due to lack of demand pick-up and rising competition.

Source : The Economic Times

Link : https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/cement-prices-to-rise-by-rs-15-20-per-bag-and-demand-to-fall-by-30-crisil/articleshow/75805205.cms