ICICI Securities: Specialty Chemicals     Price Trend 
An employee displays a handful of polyethylene sand used in a factory. Photographer: Ariana Lindquist/Bloomberg

ICICI Securities: Specialty Chemicals Price Trend 

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

R-22 export realisation dipped to Rs 174 in September 2020, which is the lowest price since February 2018, and this has come despite phase-down two, which has cut production by 25% from baseline from January 01, 2020.

R-22 export volumes were down only 16.9%, which means next quarter can see a sharp dip in export volumes to meet guidelines.

Though spreads for BOPET-PTA/MEG (biaxially-oriented polyethylene terephthalate- paraxylene; terephthalic acid / monoethylene glycol) and BOPP-PP (biaxially oriented polypropylene) has been strong in Q2 FY21, it started cracking in September 2020 with a dip of 3.3% and 8.3% month on month, respectively.

Click on the attachment to read the full report:

ICICI Securities Specialty Chemicals Update .pdf

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