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    Weakness in cement prices may be short-lived amid hopes of demand revival

    Synopsis

    Dealers expect demand to recover once states resume spending on infrastructure after general elections. Also, real estate companies have been showing good traction in residential sales. According to analysts, demand for residential properties has been higher than the existing inventory in the market. It is estimated that real estate generates 55% of total cement demand while the remainder is from infrastructure projects.

    Cement prices fell for the fifth consecutive month in February 2024. According to various channel check reports of brokerages, the all-India average cement price dropped by 1.5% to Rs362 per 50 kg bag from a month ago.Demand for cement has been weak for the past few months. A host of factors impacting construction activities include extreme weather, fog in the northern region, and issues pertaining to the availability of sand. In addition, a
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    The Economic Times