ECONOMY

Cement Channel Check – Monsoon Impact Waning; Demand Upswing, Price Hikes In Sight: Anand Rathi

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While cement’s demand in July was strong, August was clouded by the monsoon, funding issues and labour unavailability due to festivities, etc. except for some regions (Guwahati/Mumbai) where volumes improved month-on-month on more infra activity and lockdown restrictions/monsoon, etc. in July.

Cement prices in August declined across regions; in the East (~Rs 3035/bag) and the South (~Rs 15-20) by the most.

However, price hikes in the West were mostly maintained by `A’ category manufacturers.

With the monsoon impact ebbing, dealers suggested that cement demand would rise in coming months and companies would hike prices.

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Anand Rathi Cement Channel Check.pdf

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