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| India Infoline | Wed, 19-Feb-2003 13:02:34 IST (GMT+5:30) | |
| Cement | ||
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January 07, 2002 Cement Sector Update - December 2001 Is the cement sector witnessing a sustained growth phase? Cement production remains firm… The cement sector continues to witness a growth in despatches and production. Cement production grew by 16% to 8 million tonnes in December 2001 as compared to the corresponding period last year. During April-December 2001, the growth in production was 7% to 74 million tonnes. Cement despatches increased by 19% to 8 million tonnes during April-December 2001. The higher offtake is mainly on account of post monsoon rise in particularly in the western and northern markets. Government initiatives on housing and road development coupled with the reconstruction activities in Gujarat have been responsible for the pick up in demand in the recent months. Chart 1: Cement production (in million tonnes)
Source: CMA Another round of hike in cement prices With the cement sector, which is witnessing a sustained growth phase, cement manufacturers have gone in for another round of price increase in the new year. The prices in Mumbai have been increased by Rs7. This is the third round of price hike since December. The previous price increases were also in two equal tranches of Rs 7 each. Cement prices in Mumbai are currently in the range of Rs 167-169 for the wholesale market. Chart 2: Cement Wholesale Prices in Mumbai market (Rs/50 kg)
Source: CMIE Table 1: Wholesale Price (Rs/50 kg)
Source: CMIE Cement consumption rises… Cement consumption rose by 8% in October 2001 as compared to the same period last year. During April-October 2001, consumption grew by 4%. This was marginally lower than the 4.6% growth recorded in the corresponding period in the previous year. Chart 3: Cement consumption (in million tonnes)
Source: CMIE Table 2: Region wise cement consumption
Source: CMA Table 3: Company-wise performance
Source: CMA India Infoline Ltd (IIL) and India Infoline Securities Ltd (IISL) do not have any positions in any of the scrips recommended and which are currently displayed on the site www.indiainfoline.com and www.5paisa.com. IIL and IISL do not do any deals on their own account (proprietary trading) except for testing and demonstration purposes. IIL and IISL also has an internal compliance manual in place which restricts the team who analyze and gives information on various companies and investment opportunities, to place orders on scrips only through IISL and only after the said recommendation has been displayed on the above mentioned websites. |
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