Neutral to Short
- 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
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