<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Cement prices in the Northern region have declined by
Rs20-25/bag to Rs520-560, as per channel checks. This is due to some
differences in opinion among cement manufacturers over the daily quota limit.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To note, Maple Leaf Cement (MLCF) is soon expected to
commence operation of its 2.3mn tons per annum of cement line, which will
increase industry cement capacity by ~4%, at a time when high margin local
demand is sluggish and exports to India has faltered.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">This is similar to the situation that we witnessed back in
Jan 2017, when cement prices were lowered by Rs20-25/bag post addition...
