Cement Sector Dealers Update
Prices firm across markets
We spoke to cement dealer across four regions in India i.e. Southern, Western, Eastern & North Eastern region. The discussions points out to decent demand growth and firm prices scenario across most of the regions. This has encouraged cement companies to cut discount/rebates given by them to dealers. This phenomenon was particularly evident in Eastern & Western regions. Looking at the events like removal of price equalization mechanism in Western India, freezing of discounts in Eastern India and a price hike in Southern India points to a strong demand and firm cement prices scenario in the country.
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