Chemical Sector Q4 Preview - Healthy Rabi, Global Traction To Support Earnings: Nirmal Bang
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Nirmal Bang Report
We expect healthy earnings for our chemical companies for Q4 FY21, aided by healthy soil moisture and high water storage levels in key reservoirs, which augur well for Rabi crop prospects and crop protection chemical (CPC)/fertilizer demand.
The positive view on CPC is based on the growth in area sown in this period that augurs well for CPC demand.
The sharp increase in global crop prices (including soyabean) to record highs and healthy agri product demand (especially for corn and soya from China) are reported to have lifted farm incomes globally and in India - this is likely to boost exports for our CPC universe.
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