NOMURA-RAW MATERIAL PRICE TRACKER
HDPE prices are flat q-q and -6% y-y, which is a positive for packaging prices and packaging companies.
Soda ash prices have moderated (-8% y-y / -3% q-q) which is a positive for Hindustan Unilever's detergent margins and Tata Consumer's salt margins.
Maize (sorbitol) prices have softened (-3% y-y / -1% q-q) and should support Colgate's GPM.
Mentha oil prices fell -1% y-y / +2% q-q, which is a positive for Colgate and Emami
Amla prices have corrected during the quarter (-20% q-q / -3% m-m) and we expect it to support Dabur's GPM.
HDPE prices are flat q-q and -6% y-y, which is a positive for packaging prices and packaging companies.
Soda ash prices have moderated (-8% y-y / -3% q-q) which is a positive for Hindustan Unilever's detergent margins and Tata Consumer's salt margins.
Maize (sorbitol) prices have softened (-3% y-y / -1% q-q) and should support Colgate's GPM.
Mentha oil prices fell -1% y-y / +2% q-q, which is a positive for Colgate and Emami
Amla prices have corrected during the quarter (-20% q-q / -3% m-m) and we expect it to support Dabur's GPM.
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