Cement’s Price Hiked By 4% In March: IDBI Capital
A contractor pours out cement at a house under construction. (Photographer David Paul Morris/Bloomberg)

Cement’s Price Hiked By 4% In March: 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 4% month-on-month in March 2021.

Region wise, price increase is seen in North/South/West at 3% month-on-month, Central is at up 4% month-on-month and East is up up 5%.

Cost has marginally moved down, in March imported coal price (adjusted for exchange rate) is down 4%.

In FY21 so far, average imported coal price is down 9% versus average of FY20. But we need to watch for the trend as coal cost is moving up. Average price of imported coal in Q4 FY21 is up 47% versus Q3 FY21.

Click on the attachment to read the full report:

IDBI Capital Cement Sector Update.pdf

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