Cement prices fall in Mexico City

Mexico City’s cement prices have fallen in September compared to June 2019, according to a survey conducted by Morgan Stanley Casa de Bolsa. Holcim Mexico recorded a 17 per cent lower price in September compared to three months earlier, followed by Cementos Moctezuma with a decrease of 13 per cent.

"Our data show an image of interesting nuances for pricing between different players in Mexico City, but it is important to note that it is a small sample," said Nikolai Lippmann and Alejandra Obregón in their report. "However, the overall picture of emerging price weakness was supported by the latest Inegi data, which indicate that the overall price of cement fell four per cent in June, the biggest fall since 2014."

Despite this pricing scenario, Cemex has reportedly kept its prices unchanged.