Here is the revised calculations, based on 95% capacity utilization (76,000 MT) for the standalone entity. Revised Q3’FY18 realization for GE is USD 7,673 and needle coke, USD 1,472.
Graphite India Estimates for the one year period of FY19 (Apr-18 to Mar-19):
The real question is how does one value such special situations. I am personally convinced that there is structural change we are observing in Graphite Electrode so comparing with past GE cycles may not provide much answers. Any views are welcome.
I have opened a new thread primarily on GE : Graphite India / HEG since the story deserves a separate thread altogether and would request contributions from all.
Gravita (also Pondy Oxides & Nile in the lead space) has closed above crucial resistance and is out of downward trendline resistance earlier this week.
@jitenp For sugar I was following Anil Kumar Goel. He kept adding sugar on every dips. What could have been his rationale that he missed the top of the cycle?
@jitenp Don’t you think that this recent push for infra by the government should help cement companies? Number of contracts awarded by NHAI has risen 2 folds and the work will also start in some time?
The current capacity utilisation at aggregate level I read was closer to 67% which can shot up with additional road projects. What is your view?
Disc. I am holding Birla Corporation and looking to add Orient Cement
Thanks! Cement stocks have correctly sharply over past few months which is why I wanted your views on cement to check if something underlying has changed and if I am missing out something
No …Needle coke manufacturers are only about 3-4 globally (as said by HEG’s management)… I think 3 of these are from Japan and 1 from US …Needle coke is fully imported by GI and HEG
Hi, would you suggest entering IMFA currently? What is your outlook on the ferro chrome play and could china flood south korean market because of adverse policy from USA? This could make life tough for IMFA.