Cement Channel Check - Pricing Remains Stable Amid Second Covid-19 Wave: Nirmal Bang
Wet concrete at an industrial site. (Photographer: Bing Guan/Bloomberg)

Cement Channel Check - Pricing Remains Stable Amid Second Covid-19 Wave: 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

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.

Click on the attachment to read the full report:

Nirmal Bang Cement Sector- Channel Check .pdf

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