Supreme Petrochem · Material risks, their source context, and severity in the latest available quarter.
ConCallIQ research layer
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Risk intelligence
China operating polymer plants at 50-60% utilization globally due to US trade barriers blocking processed goods exports. With ~9 million MT ABS capacity and only ~1 million MT import need, excess capacity poses risk of aggressive exports to India. Currently 95% of India's 160,000 MT annual ABS imports come from Taiwan/Korea/Thailand, not China—but this could shift.
Company flagged that October volumes show no major improvement with OEM lifting in India remaining slow. Q3 guidance confirms seasonal weakness post-Diwali. If OEM demand doesn't recover by December-March, full-year volume guidance of 'certainly better than last year' may be at risk.
India is 100% import-dependent for styrene monomer. Global crude prices, demand-supply dynamics determine styrene pricing. Falling styrene prices ($940 in June to $800 now) caused processors to destock in Q2. Management acknowledged inventory losses but could not quantify them. If prices continue falling, realizations remain muted.
IOC's styrene monomer plant at North India Hanah has been delayed from 2027-28 to 2029. Company has stated it will not invest money there until IOC's plans are firmly confirmed. This delays potential raw material cost advantage and regional expansion.
