India's Economic Monitoring Center (center for Monitoring Indian Economy) recently released its monthly report is expected ,2009-10 the second half of the fiscal year (from September 2009 to March 2010), India, the cities will decline in cement prices.
India's Economic Monitoring Center, said: "the second half of 2009-10 fiscal year, 3,500 tons of new cement capacity will be put into production, followed by cement prices will decline."
New capacity in the southern region of about 19 million tons, prices fell most. Commonwealth Games held in 2010 to bring the infrastructure construction will remain strong cement demand for the northern region, the cement will be able to curb the decline in the price.
In fact, in August, India's cement prices in many cities would have ended six consecutive months of increases, there large-scale decline.
Mumbai cement market, every 50 kg bag of cement average wholesale price of around Rs 257 more than the highest point of 260 rupees declined.
The southern region, the average price per bag of cement fell by Rs 4-12. However, the northern and eastern India, strong demand for cement, the price increased.
India's Economic Monitoring Center is expected to benefit from infrastructure projects and housing construction drive, the leading Indian cement manufacturer ACC2009-10 fiscal year for cement production will increase by 9% year on year.(silica fume)
