|  | 

Brokerage

JS Securities Limited – JS Research Beep (06-10-2021)

Karachi, October 06, 2021 (PPI-OT): Cement Dispatches decline 12% YoY during September

As per the latest data, Cement dispatch for the month of September clocked in at 4.6mn tons vs. 5.2mn tons in the corresponding period of last year, reporting a decline of 12% YoY. The primary reason for the decline is higher base during September last year. Dispatches were impacted in the outgoing month due to monsoon season and a slowdown in construction activities.

Dispatches were 6% higher MoM while exports on the other hand saw an increase of 10% on a MoM basis.

Local dispatches for the North region clocked in at 3.4mn tons for the month of Sep-2021, depicting a decline of 2% YoY whereas exports from the region decreased by 62% on a YoY basis.

Local dispatches for the Southern region clocked in at 567k tons during the month, a 1% YoY decrease. Exports on the other hand, which constitute a major chunk of total dispatches from the region, witnessed a decline of 45% YoY in Sep-2021.

js-securities-limited-js-research-beep-06-10-2021

ABOUT THE AUTHOR

POST YOUR COMMENTS

Categories

ARCHIVES