According to the monitoring of the Commodity Market Analysis System of toodudu, the spot price of PVC carbide SG5 has slightly increased last week. The average domestic PVC price on Monday was 5,524 RMB/ton, and on Friday it was 5,554 RMB/ton. The weekly price has increased by 0.54%. The price of PVC in the domestic Spot market rose slightly this week. At present, the market trading situation is fairly good. The closing price of futures has risen, which has driven the confidence of the Spot market. The spot price has a good attitude and the price has risen. However, downstream procurement enthusiasm is still average, with replenishment based on demand as the main focus. Be cautious in actual transactions and wait and see. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5,320-6,170 RMB/ton. In terms of crude oil, international crude oil futures rose on June 15th. The settlement price of the main contract for WTI crude oil futures in the United State...

ICICI Securities estimates its specialty chemical coverage universe revenue to grow 18% YoY (2.2% QoQ) in Q1FY23, partly on rise in prices due to input cost inflation. Gross profit to grow 20% YoY (+2.3% QoQ), which indicates strong underlying trend led by 1) SRF’s robust growth (41% YoY) on pricing benefit in ref-gas, 2) Gujarat Fluorochemicals’ (48% YoY) turnaround in fluoropolymers, and 3) Clean Science’s (38% YoY) on low base. We expect Rossari (+68% YoY) to benefit from the acquisitions. Tatva Chintan’s performance was hurt from slowdown in auto sector (lower SDA sales). Navin Fluorine to have steady performance in the absence of HPP commissioning. Galaxy Surfactants’ volumes to dip on weakness in AMET, but EBITDA/kg to be healthy. Chemplast’s volumes to grow YoY on a low base, but PVC spread to be weak which implies steep drop in EBITDA QoQ. PCBL’s gross profit/kg is expected to improve on the back of better India sales, and benefits in ...