Cement Sector Check - Price Hiked By 2% At An All India Level: IDBI Capital
Workers unload cement bags from a truck near a construction site in New Delhi, India.  (Photo: Bloomberg News)

Cement Sector Check - Price Hiked By 2% At An All India Level: 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 channel check suggests, average cement price at an all India level is up 2% month-on-month in April-2021.

Region wise, price increase is seen in East/West at 6%/5% month-on-month, North/South at 1% month-on-month and Central at flat month-on-month.

Cost has moved up too, in April-21 imported coal price (adjusted for exchange rate) is up 5% month-on-month (3% from imported coal and 2% from Indian rupee depreciation).

Energy prices have been moving up, as on April 21 imported coal price (adjusted for exchange rate) is up 7% versus average of Q4 FY21.

On demand front, all India cement production in February 2021 has decreased by 6% YoY.

Click on the attachment to read the full report:

IDBI Capial Cement Sector Update.pdf

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