Cement Sector Check - Prices Soft In July: IDBI Capital
Workers load sacks of cement onto trucks in Patna, India. (Photographer: Anindito Mukherjee/Bloomberg)

Cement Sector Check - Prices Soft In July: 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 across India suggests that after a strong price increase of 6% QoQ in Q1 FY22, average cement price was flat month-on-month in July 2021.

We understand this is primarily due to pick up in the monsoon season.

Cost continues to move northward with imported coal up 7% month-on-month in July-21 and this is after increase of 14% QoQ in Q1 FY22.

Freight cost index is up 1% month-on-month in June-21 and average of the index is up 4% QoQ.

On demand front, in May-21 production is up 8% YoY and numbers are better than estimate.

Click on the attachment to read the full report:

IDBI Capital Cement Sector Update.pdf

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