Karachi: According to a Topline Security report, the country’s cement sales have started on a positive note during July, which is the first month of new financial year 2017-18.
The report predicted that it is expected for total cement dispatches to grow 32-36pc year on year (YoY) in July 2017, as per their sources. It has also forecast a monthly growth of 13-17pc in cement sales.
Topline stated that a 44-47pc YoY growth in local dispatches of cement are expected in the outgoing month due to lower number of working days as a result of eid holidays last year in July.
Local sales of cement are expected to rise 8pc YoY during FY 2017-18 and 5pc growth is estimated in local dispatches YoY.
Capacity utilization is predicted to be at 89pc during FY 2017-18 in comparison to 87pc in FY 2016-17. Exports have been estimated to register a decline of 15pc YoY.
Export dispatches aren’t expected to improve, as there is a lull in demand of Pakistani cement in the Afghani market where sales are said to have fallen and the manufacturers attention on domestic consumption as compared to same period last year (SPLY).
