OfBusiness Cement Dailies | 3rd November 2023

Price

• Cement prices remain unchanged as of today. AAC Block ex Panipat is priced at Rs 2,500/cubic meter, while ex Nashik is priced at Rs 3,300/cubic meter. GST will be additional.

Supply and Demand

• Supply is slightly delayed in the northern and central regions, especially with OPC43/53 grade in loose form.
• Demand remains firm in the central and western regions and has slightly increased in the northern region.

News

• Ambuja Cements’ sales reached US$477 million over the nine-month period up to September 30, 2023. This represents an 8% year-on-year increase from the nine-month levels of 2022. The producer sold 7.6 million tons of Cement, a 7% increase from the previous 7.1 million tons. It reported a 32% year-on-year drop in electricity and fuel costs, resulting in a five-fold increase in profit after tax to US$77.4 million.
• SRMPR Cements has launched its Portland pozzolana Cement (PPC) for the first time in Tamil Nadu. The company controls a total Cement production capacity of 420,000 tons per year across three facilities in Tamil Nadu and neighboring Andhra Pradesh. It invested a total of US$27 million in its production facilities and warehouses. SRMPR Cements will sell its PPC in 50kg bags and plans to launch ordinary Portland Cement (OPC) in the future. The company stated that its products will help meet the ‘massive’ demand from public construction projects.

OFB’s Opinion

• Given the slight supply delay, efficient planning and scheduling are essential for maintaining a steady supply. It is advisable to maintain optimum inventory at the site.