Nirmal Bang: Cement Sector Sees Strong Demand, Pricing In November
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Nirmal Bang Report
Based on our channel checks, cement demand and prices are strong in November 2020 owing to pick-up in demand in the non-trade segment (infra segment) and continuation of demand from the individual house building segment.
All-India cement prices have increased by approximately 2% over the last one month, primarily driven by better demand and recovery in prices in central and western regions.
West, south and central regions reported approximately 2-3% month-on-month increase while prices in the east region were flat.
Non-trade segment demand and prices recovered further in November due to higher demand from the infra segment.
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