Chemical Stocks: There is an atmosphere of happiness and sorrow in chemical stocks. UPL and Atul Limited are benefiting from rising prices of chemicals. At the same time, some companies like Aarti Industries are under pressure due to increasing cheap imports from China. Talking about the activities going on in chemical shares, the focus of the market is on UPL and Atul Limited. The market of agricultural chemicals is increasing. Agricultural chemicals are gradually improving. Both shares are benefiting from this. The prices of 2,4-D, Mencozeb and Metconazol have increased by 14-20 percent. UPL is benefiting from this. Meanwhile, the price of Para-CRESOL increased by 7.4 percent and Resorcinol exports increased by 79 percent. Atul Limited has benefited from this.
Focus on SRF and Naveen Florine
SRF and new florine have also been focused on. The prices of refrigerant gas are showing strength. There is a tough balance between the demand and supply of HFC-32. The demand for HFC-32 has increased due to the demand for air cooling. The price of HFC-32 increased in March. Its price in China is Rs 640 per kg. Whereas in India its price is Rs 570-650 per kg.
Pressure on lamp nitrate
The lamp is under nitrate pressure. There has been a reduction of 35-40% in freight. The cost of goods has reduced due to cheap imports from China. The prices of ammonia, phenol, TDI, IPA have decreased. DASDA Chemical (Dyamino Stillbane Dysulfonic Acid) is weakness in the price.
Aarti industries
The price of meta phenyline diamine has been reduced by 14 percent quarter-by-quarter. This stock is under pressure today.
In the case of chemicals, JM Financial SRF, AMI Organics and Deepak are estimating a boom on nitrite. Brokerage has advised SRF to buy with a target of Rs 3115. At the same time, AMI Organics has been advised to buy with a target price of Rs 2605. At the same time, he has advised to buy Deepak Nitright with a target of Rs 2305.
