Cement Sector - Prices Stable Across India Except For Marginal Increase In Central, East Regions: Nirmal Bang

"BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Nirmal Bang Report.Cement production grew by 4-5% YoY in January 2023 despite a healthy base of last year, as per the data published by the Office of Economic Advisor. We expect Rs 5-10 price hike in the following week (March 10-16th) on the back of strong demand in Feb-23 (8-9% month-on-month) North: Demand picked up in the city post an extended winter as labor availability increased after the Lohri festival. Due to the ongoing infrastructure projects, non-trade to trade ratio in Delhi NCR stands at 60:40.West: Government projects along with retail spending supported demand, which was broadly steady. The Western region continued to witness a flattish trend, in-line with the pan India pricing trend.South: South region witnessed a dip in prices by 5-10/bag. Tamil Nadu and Kerala markets are under stress as players are ready to sacrifice prices for volume. Chennai and Cochin witnessed a decline of Rs 10/bag in Feb-23 on month-on-month basisEast: Eastern region witnessed an increase of Rs 5/bag in Feb-23. Northeast (Assam plus seven sisters) and few local players (other than mini cement units) command a premium of at least Rs 30/bag over ‘A’ category brands based out of Northeast.Central: Central region prices inched upwards by Rs 5-7/bag from the Jan-23 exit price. Trade:non-trade mix for the region hovers ~70:30. Uttar Pradesh is estimated to be the second largest market in the country after Maharashtra..Click on the attachment to read the full report:.Automobiles Channel Check - Mixed Demand Trends; Outlook Positive: Nirmal Bang.DISCLAIMERThis report is authored by an external party. BQ Prime 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 author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Cement Sector - Prices Stable Across India Except For Marginal Increase In Central, East Regions: Nirmal Bang

Uttar Pradesh is estimated to be the second largest market in the country after Maharashtra.

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Cement Sector - Prices Stable Across India Except For Marginal Increase In Central, East Regions: Nirmal Bang

Uttar Pradesh is estimated to be the second largest market in the country after Maharashtra.

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