India: cement firms hit by high coal prices

India: cement firms hit by high coal prices
Published: 07 December 2012

Tagged Under: India coal 

Input cost pressures for cement manufacturers have lately been rising due to international coal prices gaining 4% MoM in December, 2012 to average US$90.8/t in the first week of December coupled with 0.6% rupee depreciation against the dollar during the same period, says a Shajar Capital research note.
As of 30 November 2012, Richards Bay Coal (FOB) stood at Us$89.8/t while Newcastle stood at US$87.1/t according to an AKD Securities research note.

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