{"id":36054,"date":"2018-11-01T13:20:27","date_gmt":"2018-11-01T07:50:27","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=36054"},"modified":"2018-11-01T13:20:27","modified_gmt":"2018-11-01T07:50:27","slug":"cement-prices-may-rebound-with-supply-demand-boost","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/cement-prices-may-rebound-with-supply-demand-boost\/","title":{"rendered":"\u2018Cement prices may rebound with supply-demand boost\u2019:"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/cement-prices-may-rebound-with-supply-demand-boost\/article19320342.ece\"><span style=\"font-weight: 400;\">\u2018Cement prices may rebound with supply-demand boost\u2019<\/span><\/a><span style=\"font-weight: 400;\">:<\/span><\/p>\n<p><b>Demonetisation impact wearing off since Q1 of FY 18: ICRA<\/b><\/p>\n<p><b>Context:<\/b> <span style=\"font-weight: 400;\">Rating agency ICRA on Thursday said that it expected cement demand growth to recover to about 5% during 2017-18 as against a decline of 1.2% in 2016-17, driven by a pick-up in the infrastructure segment, mostly road and irrigation projects and the housing segment.<\/span> <b>Introduction:<\/b> <span style=\"font-weight: 400;\">Cement prices recovered from February 2017 and reached pre-demonetisation levels in most markets by April 2017.<\/span> <b>Key points:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">While improvement in the supply-demand scenario in FY 18 is expected to support the cement prices going forward, sustenance of the same is critical, given the rising costs.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">While in the short term, demonetization has had a negative impact on real estate and construction activities and hence on the cement off-take, the impact has started to subside from Q1 FY 18, driven by a pick-up in the infrastructure segment.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The increased budgetary allocation for the infrastructure sector, which includes roads, railways, metro, irrigation and housing, during FY 18 will directly and indirectly support cement demand.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Higher rural credit and increased allocation for rural, agricultural and allied sectors, including the demand for rural housing, are significant contributors to the overall cement demand mix.<\/span><\/li>\n<\/ul>\n<p><b>Drop in production:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">All-India cement production dwindled by 1.2% YoY to 279.8 million MT in FY 17 for the first-time over the last decade.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Cement volumes declined between November 2016 and March 2017 by 9% when compared to the corresponding previous, following demonetization.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Cement volume growth has witnessed recovery since March 2017 and reported a growth of 17.5% on MoM basis to 25.2 million MT. Prices too have seen improvement across markets, especially since April 2017.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Cement prices may rebound with supply-demand boost\u2019: Demonetisation impact wearing off since Q1 of FY 18: ICRA Context: Rating agency ICRA on Thursday said that it expected cement demand growth to recover to about 5% during 2017-18 as against a decline of 1.2% in 2016-17, driven by a pick-up in the infrastructure segment, mostly road&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/cement-prices-may-rebound-with-supply-demand-boost\/\">Continue reading <span class=\"screen-reader-text\">\u2018Cement prices may rebound with supply-demand boost\u2019:<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-36054","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/36054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=36054"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/36054\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=36054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=36054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=36054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}