SRF gets a boost from US anti-dumping move

Duty on Chinese exports of R134a gas should improve SRF's capacity utilisation and margins

Chemicals manufacturer SRF is expected to benefit from the 150% anti-dumping duty imposed by the US government over the last fortnight on Chinese exports of refrigerant gas R134a to the US. SRF is the domestic market leader in refrigerant gases. Ritesh Gupta of Ambit Capital says the imposition of the duty will make SRF significantly competitive in the US market. 

The move is expected to lead to an increase in SRF’s volumes, currently at 8,500 million tonnes (mt) for R134a. The US market size for the gas is pegged at 100,000 mt. SRF recently set up a new facility to