BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Majority of the chemicals witnessed healthy uptick in pricing in August. We note that certain chemical prices are exhibiting smart recovery in prices owing to demand recovery, abating of intensity in dumping by Chinese players (owing to unsustainability of such low prices), rise in crude prices and hopes of strong stimulus measures in the Chinese economy.
We expect pricing support for commodity chemicals at this juncture.
Companies with long term contracts which have price variation clauses embedded in them will fare better owing to better revenue visibility and margin protection.
Companies who are higher up the specialty chemicals value chain such as SRF Ltd. and Navin Fluorine International Ltd. stand to benefit immensely from a longer term perspective.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.