What factors are driving the slowest cement price hike since December?

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Cement Price Increase Slows Amidst Rising Costs and Reduced Rebates

The pace at which cement prices are increasing has slowed to its lowest point since December 2022, with a 0.22% month-on-month rise reaching RM22.87 per 50kg bag. This deceleration is primarily a consequence of increased selling prices and diminished rebates, directly linked to escalating raw material expenses.
Slower Month-on-Month Price Adjustment

For the eighth consecutive month, the average price of cement has seen an increase. However, the latest increment of 0.22% signifies the most gradual rise observed since December 2022. This trend saw the average price per 50kg bag reach RM22.87.
Impact of Higher Raw Material Costs

The underlying cause for the sustained price hikes and the subsequent slower pace of increase is the elevated cost of raw materials. This has prompted cement manufacturers to implement higher selling prices. Concurrently, the rebates offered to purchasers have been reduced, further contributing to the net price adjustment.
Regional Price Variations

While the national average shows a modest increase, regional disparities exist. The northern region of the peninsula recorded the most significant month-on-month rise, with prices for a 50kg bag climbing by 1.4% to RM22.57. In contrast, the central and eastern regions experienced smaller increases of 0.1% and 0.4% respectively, reaching RM22.03 and RM22.49. Prices for cement in Sabah and Sarawak remained stable during this period.

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What factors are driving the slowest cement price hike since December?

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