In the global market, Fluoroelastomer prices witnessed a modest rise during the mid-week of November. This increase in the Fluoroelastomer price is predominantly driven by enhanced supplier actions in inventory management, which have stimulated overall demand for Fluoroelastomers. Manufacturers have reported balanced production volumes, supported by an optimistic outlook for improving demand for Fluoroelastomer. These factors combined to create upward momentum in Fluoroelastomer pricing.
Fluoroelastomer prices in the Indian market rose to xxx,xxx INR/MT CFR-JNPT, primarily driven by higher sourcing costs from major Asian exporters like Japan. From the manufacturer鈥檚 front, Gujarat Fluorochemicals reported Qx revenue of ?x,xxx crores, reflecting a xx increase quarter-on-quarter and xxx growth year-on-year. EBITDA stood at ?xxx crores, up xxx from Qx and xxx year-on-year, driven by a strategic shift toward higher value-added grades, particularly for the automotive and semiconductor sectors. The company anticipates substantial growth following the exit of a...
