Sector Chemicals & Petrochemicals - Latest news, views and updates

Chemicals & Petrochemicals

SECTOR | 27 Feb 2023

Chemicals

Chemicals & Petrochemicals

Prabhudas Lilladhar

Chemicals & Petrochemicals

SECTOR | 21 Feb 2023

Gujarat govt signs 18 MoUs worth Rs 9,852 crore to boost investment

Business Standard

The Gujarat government on Monday signed 18 memoranda of understanding (MoU) worth Rs 9,852 crore under the state government's 'Aatmanirbhar Gujarat Schemes for Assistance to Industries', which was announced last year to boost new investment, an official release said. Through these 18 agreements, various firms have pledged to invest Rs 9,852 crore in different parts of the state, which would generate 10,851 employment opportunities. These MoUs were signed in the presence of Gujarat Chief Minister Bhupendra Patel on Monday. Companies engaged in the business of chemicals and agrochemicals production, pharmaceuticals, equipment and electric rickshaws had signed MoUs with the state government, said the release. Some of the major investments which were promised through MoUs today include a yarn and PET chips plant in Palsana taluka of Surat by Garden Silk Mills, said the release, adding that the facility will provide employment to 1,450 persons. Other major investments include a plant b

Chemicals & Petrochemicals

SECTOR | 21 Feb 2023

Price trends in Dec’22

Chemicals & Petrochemicals

ICICI Securities Limited

1) SRF: R-22 price rose to Rs335/kg (+12.0% QoQ) in Q3FY23, but volumes were down 15.3% YoY to 2.6kte. In packaging films segment, spreads contracted QoQ for both BOPET and BOPP, which has put pressure on SRF’s packaging films margin.

Chemicals & Petrochemicals

SECTOR | 21 Jan 2023

Price trends in Nov’22

Chemicals & Petrochemicals

ICICI Securities Limited

1) SRF: R-22 price rose to Rs331/kg (+10.7% QoQ) in Q3FY23-TD, but volumes were down 30.4% YoY to 1.6kte. In packaging films segment, spreads contracted QoQ for both BOPET and BOPP, which should incrementally put pressure on SRF’s packaging films margin.

Chemicals & Petrochemicals

SECTOR | 10 Jan 2023

Result Preview: Chemicals

Chemicals & Petrochemicals

ICICI Direct

Chemicals & Petrochemicals

SECTOR | 06 Jan 2023

Mixed trend in EBITDA growth

Chemicals & Petrochemicals

ICICI Securities Limited

We estimate our specialty chemical coverage universe’s revenue to grow 12.2% YoY (down 1% QoQ) in Q3FY23. EBITDA to grow 1.1% YoY (5.1% QoQ), however, excluding Chemplast, 15.9% YoY - 1) SRF’s EBITDA to dip (-7.3%) YoY on lower margin in non-chemicals, while chemicals business to continue its good show.

Chemicals & Petrochemicals

SECTOR | 05 Jan 2023

Agro Chemicals

Chemicals & Petrochemicals

Prabhudas Lilladhar

Chemicals & Petrochemicals

SECTOR | 05 Jan 2023

Chemicals

Chemicals & Petrochemicals

Prabhudas Lilladhar

Chemicals & Petrochemicals

SECTOR | 28 Dec 2022

Chemical | Sector Trend

Chemicals & Petrochemicals

Edelweiss

Dimethyle Amine (DMA) FOB prices witnessed a sharp 16% decline MoM /1.2% QoQ

Chemicals & Petrochemicals

SECTOR | 21 Dec 2022

Volatile prices squeeze chemical companies’ margins, but aggressive capex signals growth ahead

Chemicals & Petrochemicals

Trendlyne Analysis

Chemical manufacturers enjoyed multiple tailwinds in FY21 and FY22. Besides low raw material costs and high end-product prices, the China plus one strategy made global companies diversify their supply chain to alternative destinations, which helped Indian companies.