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The regional demand for cement continued to show a positive dynamic. As a result, cement prices rose sharply in various regions from the first week of March 2021, reversing the trend towards falling or stable prices observed in recent months.
We had previously highlighted that cost inflation is likely to be higher in the fourth quarter of FY21 and therefore price increases will be needed to cover the increased costs.
In the first week of March 2021, however, cement prices rose across the country on a broad basis, with the eastern region recording the largest price increase.
Despite the price increase in March 2021, the average cement prices in the fourth quarter of fiscal year 21 are still slightly lower than the average for the third quarter of fiscal year 21.
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Nirmal Bang Cement Sector- Channel Check -5 March 2021.pdf
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