Cement prices to dip further
Mumbai, Feb. 4: Cement prices are expected to remain weak in the March 2010 quarter and would decline further in 2010-11, CMIE said.
As new capacities stabilise, these will effectively contribute to cement production in 2010-11. Another 38.4 million tonnes of fresh capacity will come on stream during the year.
Healthy demand and aggressive capacity addition will boost production by 13 per cent in 2010-11, the economic think tank said.
According to CMIE, a rise in capacity compared to despatches will flood supplies in the market and bring down the prices further. Capacity addition of 21 million tonnes had triggered a fall in 2009. — PTI
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