Neutral to Short

24 ส.ค. 2021

• Cement prices: Our channel check suggests, average cement price at an all India level is flat MoM in Aug-2021.
  
  
• Coal cost: In Aug-21, imported coal price (adj. for currency) is up 9% MoM.
  
  
• Cement demand: Cement production in India for the month of June-21 has increased by 4.3% YoY.
  
  
• Volume for industry has been weak due to monsoon but it’s inching up steadily.
  
  
• Freight cost index is up 2% MoM in July-21