China +1 theory launched during chemical bull run, now boomeranging and hitting hard for all chemical stocks.
Lots of cheap dumping are eating top and bottom lines of Indian chemical industries. Companies having huge capex and more dumping going forward will give tough time for Indian chemical companies. Slow down in China, will make more worst situation as excess capacity from china and other producing countries will find easy way to India!
Let’s wait and watch for few more quarters… cheap might get more cheaper for entry!!
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