India Chemicals Q1 Earnings Preview - Near-Term Growth Prospects Strained: Dolat Capital
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Dolat Capital Report
The beginning of FY22 commenced on a comparatively strong footing vis-a-vis last year, as developed nations opened up for trade and commerce.
Logistics and transport was disturbed due to blockages in Suez Canal coupled with higher logistics cost carried forward from.
Subsequent delays in shipments tethered with increasing oil prices, nudged raw material availability keeping commodity prices higher.
Our channel checks suggest that refineries, petrochemical plants and key building blocks are still operating at lower utilisations.
Certain outages from the previous quarter still haven’t attained normalcy.
We thus can see bulk of commodity chemicals (raw material for end user industries) to be in shortage in the near-term.
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