Cement’s Price Hiked By 4% In March: IDBI Capital
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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.
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