Whalesbook
DGTR ka Double Attack: China ko laga jhatka!
Dekho, Directorate General of Trade Remedies (DGTR) ne ab saaf keh diya hai ki China se saste maal aane par lagam kasi jayegi. Pehli baat, Chinese viscose rayon filament yarn (jo 75 deniers se upar hai) par anti-dumping duties lagane ki baat chal rahi hai. Xinxiang Chemical Fibre Co Ltd jaise companies ke liye $386 per metric tonne tak ki duty aur Jilin Chemical Fiber Co ke liye $667 per metric tonne ki duty recommend hui hai. Yeh sab isliye kyunki DGTR ko laga ki China wale price ko neeche karke Indian makers ko nuksaan pahuncha rahe hain.
Chemical Par Bhi Nazar, Paushak Ltd ka kya hoga?
Dusri taraf, ethyl chloroformate naam ke ek important chemical ki probe shuru hui hai. Ye chemical pharma aur agrochemical industries ke liye bahut zaroori intermediate hai. Ye probe Gujarat ki Paushak Ltd ke complaint par shuru hui hai, jinka kehna hai ki Chinese exporters isse bahut kam price par bech rahe hain, jisse unka business affect ho raha hai. Aur importantly, Paushak Ltd India mein is chemical ka akela producer hai.
Paushak Ltd ka khud ka haal thoda theek nahi chal raha hai. March 2026 tak, stock ₹400.15 ke aas-paas tha, jo ki 52-week low ke kareeb hai. Company ka market cap lagbhag ₹1,000 crore hai. Abhi haal hi mein Q3 FY26 mein, company ka profit after tax (PAT) 60% gir kar ₹617 lakh ho gaya tha, aur revenue bhi 1% kam hokar ₹4,880 lakh ho gaya tha. Isse lagta hai ki share price mein abhi is probe ka pura impact dikh nahi raha.
Global Scene Aur India ki Dependency
Global VFY market mein China ka raaj hai, lagbhag 70% share unke paas hai. India ki ye duties domestic VFY producers ko help karne ke liye hain. Ethyl chloroformate ki probe se ye bhi pata chalta hai ki India, pharma aur agrochem ke liye zaroori cheezon mein import par kitna nirbhar hai. Aur toh aur, West Asia ki situation ki wajah se Indian agrochemical sector pehle hi 20-25% zyada input cost face kar raha hai, toh ye trade measures unke liye aur mehngai la sakte hain.
Aage Kya Hoga?
DGTR ki ye recommendations ab Ministry of Finance ko jayengi approval ke liye. Agar approve ho gayi, toh ye duties lagbhag paanch saal tak chal sakti hain. Iska seedha asar viscose rayon yarn aur ethyl chloroformate market par padega. Pharma aur agrochem sector ko supply chain issues aur price fluctuations ke beech mein apni strategy banani padegi.