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Cement Channel Check - Monsoon Impact Waning; Demand Upswing, Price Hikes In Sight: Anand Rathi

Cement Channel Check - Monsoon Impact Waning; Demand Upswing, Price Hikes In Sight: Anand Rathi

<div class="paragraphs"><p>The shadow of site workers falls on wet cement as it is poured over reinforced steel during groundwork construction. (Photographer: Angel Navarrete/Bloomberg).</p></div>
The shadow of site workers falls on wet cement as it is poured over reinforced steel during groundwork construction. (Photographer: Angel Navarrete/Bloomberg).

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

While cement's demand in July was strong, August was clouded by the monsoon, funding issues and labour unavailability due to festivities, etc. except for some regions (Guwahati/Mumbai) where volumes improved month-on-month on more infra activity and lockdown restrictions/monsoon, etc. in July.

Cement prices in August declined across regions; in the East (~Rs 3035/bag) and the South (~Rs 15-20) by the most.

However, price hikes in the West were mostly maintained by `A’ category manufacturers.

With the monsoon impact ebbing, dealers suggested that cement demand would rise in coming months and companies would hike prices.

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Anand Rathi Cement Channel Check.pdf

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