Chemical sector : The chemical sector is looking bright for the last few days. The rise in chemical stocks has a deep connection with China. In fact, due to the outbreak of HMP virus in China, the supply chain of many chemicals has been affected. What effect will this have on domestic chemical companies? Which chemical companies should investors focus on? Discussing this, Ajay Joshi, founder of Ajay Joshi Chemicals, said that the prices of chemicals have increased in China in the new year. Delay in delivery of chemicals has also supported the prices. Lithium processing technology has been banned in China. Palm oil prices have declined and are now stable. Personal care chemical companies will benefit from falling palm oil prices.
Companies benefit from government’s anti-dumping duty
Quarterly results of agrochemical companies may be good. Export demand of big companies like UPL and PI Industries is low. In such a situation, pressure on export sales and margins of big companies is possible. Companies will benefit from the government’s anti-dumping duty. NOCIL, Adani and Deepak Nitrite will benefit from anti dumping duty.
Market outlook: Market closed in green, know how it may move on January 8
Increase in chemicals in a week
If we look at the rise in chemicals in the last one week, there has been a rise of 7.5 percent in new fluorine during this period. Camlin Fine ran 7 percent. SRF has also increased by 4 percent. GHCL has lost 3 percent in 1 week. There has also been a growth of 3 percent in clean science. Going forward, we may see good gains in Aarti Ind, Godrej Ind, Astec, Hikal and Jubilant Ingravia.
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