Cement Channel Check - Prices Bounce Back, More Hikes Likely: Nirmal Bang

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..Nirmal Bang Report.We interacted with cement dealers across the country to gauge demand and pricing trends. While demand is still not back to normal, dealer feedback suggests that cement prices are likely to firm up further. Previous attempt of cement companies to increase prices in October 2021 did not last long and lower demand pushed cement prices further in subsequent months of November and December 2021. The price hikes are required to pass on the increased cost pressures as imported coal/petcoke and diesel prices are still elevated. Key concern is that cement demand has not picked up substantially as rural demand has remained subdued due to harvesting season and unavailability of labours in various regions. Shortage of funds in infrastructure sector in select regions also affected non-trade demand. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Cement Channel Check - Prices Bounce Back, More Hikes Likely: Nirmal Bang

Cement Channel Check - Prices Bounce Back, More Hikes Likely: Nirmal Bang

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