The prices of MAP rose as high as 70%, which drove the revenues of the company. MAP (Meta Amino Phenol) contributes more than 70% of Company’s total revenues. Against that, the prices of raw materials did not rise as much, and hence, the Bottom line also showed immense growth. I don’t have the break up of what materials (in what proportion) makes 1 tonne of MAP. But I do know what is required to make 1 tonne of Nitrobenzene(which is the major raw material for MAP). This might give u an idea on the raw material prices front.
To produce 1 tonne of Nitrobenzene,
0.64t of Benzene, 0.515t of Nitric Acid, 0.0033t of Sulfuric Acid and 0.004t of Caustic soda is mixed. The prices of Nitric Acid largely fluctuated in +/-20% range. Sulfuric acid prices rose 50%, but, that didn’t impact much as the proportion of SA in making Nitrobenzene is very less. I am yet to search on Benzene and Caustic soda prices. If anyone has information, kindly share
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