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In focus: Mangalam organics hits 52-week high, Gujarat Alkalies leaps 10%

Chemical stocks jumped after the government extended anti-dumping duty on imports of caustic soda from China and Korea till November 2020 to guard domestic manufacturers

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Analysts are bullish on the sector given the government's push towards development of indigenous industries via production linked incentives and border tension with China

SI Reporter New Delhi

3 min read Last Updated : Aug 18 2020 | 11:12 AM IST

Shares of chemical producing companies including Andhra Petrochemical, Gujarata Alkalies, and Thirumalai Chemicals leaped up to 15 per cent on the BSE on Tuesday after the government extended anti-dumping duty on imports of caustic soda from China and Korea till November 2020 to guard domestic manufacturers.

"...the anti-dumping duty imposed under this notification, with respect to China and Korea, shall remain in force up to and inclusive of the 17th November, 2020, unless revoked, superseded or amended earlier," the department of revenue said in a notification issued on Monday. Directorate General of Trade Remedies (DGTR) had requested for extension of the

Topics : Buzzing stocks Chemical sector Markets caustic soda prices

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