Tuesday, September 13, 2016

HAITONG: 2WEEK Cement channel checks - All India prices flat, increase in Chennai, demand subdued

2W Cement channel checks - All India prices flat, increase in Chennai, demand subdued
·         All India cement prices remained flat as price decline in East & Central was offset by increase in South & West
·         East: Price declined by Rs05/bag on back of Rs10/bag decline in Kolkata and Rs05/bag decline in Bhubaneswar while that of Patna remained flat
·         West: Price increased by Rs08/bag on back of Rs10/bag increase in Mumbai and Rs05/bag increase in Ahmedabad
·         North: Price remained flat in both Delhi & Jaipur
·         South: Price increased by Rs22/bag in Chennai while that of Bangalore & Hyderabad remained flat
·         Central: Price declined by Rs10/bag in Lucknow while it remained flat in Bhopal
·         Q2FY17E %yoy change till date: East (-7.3%), West (-9.8%), North (12.4%), South (-5.8%), Central (4.2%)
·         We expect a gradual recovery in demand. 

2W Change (Rs/Bag)
Price
Region
Price
Region
Price
Region
Price
Region
Price
Region
Price
All India
+01
East
-05
West
+08
North
+00
South
+09
Central
-05
East
-05
Patna
+00
Ahmedabad
+05
Delhi
+00
Chennai
+22
Bhopal
+00
West
+08
Bhubaneswar
-05
Mumbai
+10
Jaipur
+00
Hyderabad
+05
Lucknow
-10
North
+00
Kolkata
-10




Bangalore
+00


South
+09










Central
-05











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