Cement Price Remains Soft, Costs Moving Up, Says IDBI Capital
A worker pours a bag of cement into a cement processor machine. (Photographer Susana Gonzalez/Bloomberg)

Cement Price Remains Soft, Costs Moving Up, Says IDBI Capital

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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.

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.

Click on the attachment to read the full report:

IDBI Capial Cement Sector Update.pdf

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