Mumbai — The worsening coronavirus crisis has emerged as a threat to global economic growth. But if it leads to disruption in production of chemicals in China’s Hubei province, the epicentre of the outbreak, then it may benefit Indian manufacturers, according to JM Financial.
Hubei has a large chemical industry, and the closure in 2016 of Hubei Chuyuan — one of China’s top producers of dyes — led to a jump in prices and saw shares of Indian producers rally multifold, the brokerage said in a report Monday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.