Cement prices in Pakistan see big drop
Cement Prices in Pakistan Decline Marginally During Mid-September 2024
Cement prices in Pakistan declined marginally during the mid-September 2024, bringing much-needed relief to the construction sector after a spate of price increases that have continued for several months.
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This comes at a critical juncture for the construction sector, where wide inflationary pressures have been building up on material costs.
It had touched record-high levels earlier this year; what has been bringing down the cement prices lately is a mix of factors like increased supply, lesser demand, and government’s regulatory efforts towards stabilizing the market.
Current Cement Prices Among All Popular Brands
The price of one 50kg cement bag has been different for every brand as of mid-September. Here’s the detailed report:
- Maple Leaf Cement: 1,495 – 1,510 rupees
- BestWay Cement: 1,495 – 1,510 rupees
- Kohat Cement: Rs1,485 – Rs1,495
- Askari Cement: Rs1,485 – Rs1,495
- Flying Pakistan Cement: Rs1,465 – Rs1,475
- Fauji Cement: Rs1,490 – Rs1,500
- Lucky Cement: Rs1,485 – Rs1,500
- Pakcem Cement: Rs1,510 – Rs1,530
The prominent cement brands in the market include Lucky Cement, Maple Leaf and BestWay Cement through which sales range from Rs1,480 to Rs1,530; whereas the price of Flying Cement was lowest at Rs1,465 due to some discounts.
Causes Resulting in Cement Price Reliance
Following are the causes due to which relief was provided in cement prices:
The reasons mentioned above have reduced the cement price in the market.
- Increasing Supply: More cement is being manufactured currently, hence the suppliers are able to reap in the market very efficiently.
- Reduced Demand: Whenever some regions stop their construction activities, then the fall in demand helps bring the prices back to control.
- Government Control: Several measures of the government to restrain inflation and the escalation of rates of construction materials have played a vital contribution to bring back the spiraling prices.
This is a development that has been welcome for stakeholders in the construction sector who have been grappling with inflated project budgets. The recent drop is allowing builders to mitigate some of the cost pressures that have been escalating during the year.
Outlook for the Coming Months
While the cement prices fallen in mid-September will relieve some temporary pressure, it is to be seen if this trend will continue. The industry experts are keeping an eye on it because continuous changes in supply chain dynamics coupled with shifting global material costs might slow down the pace of future prices.
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