Nirmal Bang: Cement Sector Sees Strong Demand, Pricing In November
People load sacks of cement onto a truck outside a warehouse in the Chitpur area of Kolkata, India (Photographer Arko Datto/Bloomberg)

Nirmal Bang: Cement Sector Sees Strong Demand, Pricing In November

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.

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.

Click on the attachment to read the full report:

Nirmal Bang Cement Sector- Channel Check -27 November 2020.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.