About raw material, I expect them to stabilise in next 2-3 Qtrs(may be 4Q), as they have to stock it in particular season. as additional capacity is coming on stream they are using waste pulp at the moment,
On exports front, I don’t expect much as logistic cost are higher and container availability is still issue, with china’s zero covid tolerance policy logistics are further impacted.
Anyways I’m not focusing much on near term as whatever bad has to happen is happened (I hope so), I know their margin’s will come back sooner or later , 1 year or 2 years or 3 years from now. so as long as that does not happen all I’ll be doing is to keep checking their rationality in decisions.
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