I G petrochem is no.1 PLayer with largest capacity around 2,70,000 ,from their recent concall
Aditya Khetan: This improvement in spread, so this is largely because of the decline in OX prices? Pramod Bhandari: I think I will put it in that way that earlier when the PA prices have gone down, then OX prices has remained more or less same. So, there is a compress in the overall margin. Now, the OX prices has remained same because of the ongoing demand which we have seen the recovery, the PA prices has improved. So, the margin has improved. Earlier, it was depressed because the OX prices remain same, PA prices were depressed. Now, OX prices has improved slightly, but PA prices compared to the OX prices have gone up sharply because of the continuous demand from the downstream segment. It’s about the size. aditya Khetan: So, PA prices have actually gone up. Okay. So, sir, with the recent price in the crude prices again
now we have started to see crude prices rising. So, these OX prices might not remain at that
level, they will also start to go up.
Pramod Bhandari: I understand that, but generally what happened is, when the crude prices gone up, there are late
lag impact on the OX and then it is on PA. So, it’s generally a 15 to 30 days lag effectwhich will
be there. Directionally, when the crude prices go up, OX prices go up and accordingly PA price
also go up. Then the crude prices go up, It doesn’t go immediately, probably by one, one and ahalf month you can see the impact on both OX and PA. One more thing I need to clarify. When
the price goes down
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