“We believe the stable supply-demand dynamics for cement will provide more forecasting certainty as compared with steel, which is more volatile driven by various externalities, ” the UOBKayHian research house said in a report yesterday.
PETALING JAYA: Cement companies are expected to break even in 2022, after four years of losses and when the bulk cement average selling price (ASP) is anticipated to rise above RM240 per metric tonne (MT).
In its recent quarterly results filing, Malayan Cement returned to the black in the first quarter of 2021 following eight quarters of losses after benefitting from its ASP of RM210 to RM220 per MT, said UOBKayHian.
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