Cement Channel Check - Price Hikes Announced Amid The Coming Seasonal Demand Upswing: Anand Rathi
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Anand Rathi Report
With the impact of the monsoon ebbing and seasonal demand picking up due to the coming festivals (Navratri, Dusshera), cement companies have hiked prices across regions (North ~Rs 15, South ~Rs 40, West ~Rs 10, Central ~Rs 10 a bag); in the East, though, dealers expect a price hike of at least Rs 10/bag post Durga Pooja.
Our channel checks suggest retail demand would be strong whereas institutional demand may be hit by higher prices of steel, diesel and sand, and by government-funding issues in some regions.
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