Cement Channel Check - Another Round Of Price Hike As Demand, Costs Higher: Nirmal Bang
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Nirmal Bang Report
Based on our recent channel checks as of March 31 2021, cement price at the pan-India level has increased by 1.9% to Rs 351 per bag over the fortnight.
All the regions (except the central region) have seen an increase in cement prices.
Maximum increase of Rs 18/bag was observed in Kolkata and Raipur whereas Bangaluru was the only city to report a price decline (down Rs 5/bag).
Prices remained flat in Lucknow, Kanpur, Agra, Indore and Bhopal.
Volume push was observed in the last 15 days of March 2021 and as a result prices in few regions were marginally lower.
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