Cement Sector Check - Price Hiked By 2% At An All India Level: IDBI Capital
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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.
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