Raw material price volatility
TDI and polyol prices have been highly volatile due to Middle East tensions and supply disruptions, impacting margins if not passed through.
SFL / bear-case history
Track the concerns that keep returning.
Sheela Foam · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Middle East supply chain disruption
Evolving situation in the Middle East could affect raw material availability, though the company has managed without material disruption so far.
Potential margin pressure from delayed price pass-through
Analyst raised concern that Q1/Q2 margins could be under pressure due to higher-cost inventory; management argued pass-through is timely.
Channel stocking in technical foam
Analyst questioned whether strong Q4 foam growth was due to one-off orders or channel stocking; management denied material stocking.