Cement Price Remains Soft, Costs Moving Up, Says IDBI Capital
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IDBI Capital Report
Our interaction with cement dealers suggests that average cement price has decreased by approximately 1% month-on-month in January 2021.
The price decrease is seen in North/West/East by 2-3% month-on-month, Central is at down 1% and South at up 3% month-on-month.
And the cost has moved up, in January 2021 imported coal price (adjusted for exchange rate) is up 26% month-on-month. But still, the average coal price is down 16% in year-to-date-FY21 versus FY20.
But we need to watch for the trend as coal cost has moved up in the last four months.
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