Cement Channel Check - Pricing Remains Stable Amid Second Covid-19 Wave: Nirmal Bang
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Nirmal Bang Report
Despite the second Covid-19 wave, cement prices are largely stable across the country.
Prices have managed to sustain at higher levels for the past two months with minor variations in few cities/regions.
We believe that present cement prices have largely offset the impact of higher costs as well as weak demand for the quarter.
QoQ, prices are up by 4.3% on all-India basis, largely driven by the eastern region, where prices rose by 11.7%.
Central India prices are up by only 0.8% QoQ as pricing was already higher in the region.
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