1…I think, chemical sector in general is high entry barrier, very difficult for new companies to establish and difficult for western countries to expand in chemical sector.So competition is mostly between india and china.
2…Chemical products are at the end comodity products, so they will always follow demand-supply mismatch. But here moat is
A…Entry barrier for few selective chemical companies
B…Economy of scale
C…Selective end products
3…I genrally ignore macro as we will go through different stages of demand-supply mismatch ,perticulary in long term investment
4…I generally prefer sector which is out of favour and i think chemical stocks are best but at this time
Disc…invested in paushak,astec, alkyl amine and grauer and weil since 2-5 yrs.
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