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Impact Of Rising Crude Oil Prices On Packaging Cost Of Cement Producers

by livemint.com posted 8months ago 38 views
Weak price trends and rising cost pressures indicate that earnings of cement producers are unlikely to revive anytime soon. : Cement companies are battling cost increases on multiple fronts. Prices of petroleum coke—a key raw material—remain elevated. Since most of its requirement is met through imports, a weakening rupee is adding to the pain. Global oil prices are inching up, translating into increased diesel prices and elevated transportation costs for the industry. A spike in crude oil prices has also a bearing on the sector’s packaging cost.

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