1) SRF: R-22 prices rose to Rs349/kg (+4.2% QoQ) in Q4FY23; volumes were up 10.2% YoY to 4.1kte. In packaging films segment, spreads contracted QoQ for both BOPET and BOPP, which put pressure on SRF’s packaging films margin in Q4FY23. 2) Gujarat Fluorochemicals: PTFE prices jumped 2.6% QoQ / 11.5% YoY to Rs1,050 while volumes fell 20.9% YoY to 2.8kte.