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specialty chemicals companies: Specialty chemicals companies would be fastest gainers, will see a moon landing type approach from Q2 onwards: Ajay Joshi
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specialty chemicals companies: Specialty chemicals companies would be fastest gainers, will see a moon landing type approach from Q2 onwards: Ajay Joshi

Aug 26, 2023

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Ajay JoshiHas the cycle turned for the chemicals sector or will the dumping from China continue to drag it down? If yes, where has it improved and where has it not improved?What will change between now and December that the downturn will become upturn?When it comes to the sector outlook in terms of the recovery the chemical space is, of course, very vast commodities, speciality, agrochem etc. Which segment, according to you, is likely to see a smart recovery? What is the sort of timeline that you are looking at?China right now has excess capacity. The demand is not there, whether it is local demand or global demand for Chinese products. For a Chinese manufacturer, the only way to sell will be by making it more attractive, which is breaking the prices. Once local demand is not there and the acceptability for made in China products is not there, will this have a greater destructive impact and this could be a multi-year phenomenon?