India speciality chemical cos to see pricing hit on cooling fluid - Emkay

Navin Fluorine International

24/11/2023 07:57

** Indian speciality chemical cos' price realisations
getting hurt in refrigerant gas segment in U.S. due to China's
dumping and lower prices, says Emkay Global
    ** Cos will shift more towards Gulf/domestic markets from
U.S. for their new capacity additions and compete with Chinese
imports, reducing price benefit for cos - Emkay
    ** Emkay says US seeing higher imports from United Arab
Emirates from new huge capacity addition by a JV between IGas
Holdings (IGas) in US and China's Juhua Group
    ** Brokerage says Indian cos will have to strategize on
optimizing between volumes and price and turn cautious on
refrigerant gas business
    ** Emkay maintains "buy" on SRF  SRFL.NS   and Anupam Rasyan
 ANUY.BO , "hold" on Navin Flourine  NAFL.NS  and "sell" on
Gujarat Fluorochemicals  GUJL.NS  

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))