Stable Cement Prices So Far; Ruling Out Big Moves This Quarter, Says Anand Rathi
A worker levels a slab of cement at a construction site. (Photographer: David Paul Morris/Bloomberg) 

Stable Cement Prices So Far; Ruling Out Big Moves This Quarter, Says Anand Rathi

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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.

Anand Rathi Report

The post-Diwali demand slump led to cement production dipping 6.9% YoY in November.

In December, however, demand rose in the second half to meet year-end targets, stocking (anticipating a price rise) and more infra activities.

Some region-specific issues, though, continue (south: heavy monsoon, Delhi: farmer protest/winter).

Our channel check shows that in the first week of January prices were hiked in the East and some pockets of the South and West; prices in the North and Central regions have stayed at December levels.

Click on the attachment to read the full report:

Anand Rathi Cement Sector Check.pdf

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