Nischal Maheshwari views the chemical sector with guarded optimism. While BASF’s weak earnings and lowered guidance raise some concerns, he emphasises that it’s not representative of the entire space. In particular, Maheshwari points to speciality chemicals and agrochemicals as segments doing well, thanks to strong monsoon-led demand. He also notes that pricing pressure from China has eased significantly, which could support better volumes across the board. Though margins remain under pressure, Maheshwari sees improving fundamentals in this sector.
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