They say, ‘If China sneezes, the world catches a cold’. Corona Virus can’t scare me warrior shirt And this holds very well. This is because China is a manufacturing hub and it manufactures everything from steel to stationery, from phones to pharma drugs, etc. China is a major manufacturer of so many raw materials that are used for manufacturing the finished goods in India. Hence, it is clear that with the closing down of factories in China, there will be disruption in the supply chain for Indian manufacturers. But, then India and China are also competitors. So what is a loss for Chinese companies may be gain to Indian companies. China is a huge manufacturer of dye intermediaries like ‘Vinyl Sulphone’ and ‘H Acid’.
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‘Wuhan’ and ‘Hubei Province’ are the epicenters of coronavirus Corona Virus can’t scare me warrior shirt and here there are approximately 90% of the factories. Now, with the shortage of these dye intermediaries because of the closure of factories in China, their prices moved up quite a bit. Due to the coronavirus situation, the prices of the raw material too moved up. Vinyl Sulphone and H Acid multiplied and so did the share price of these companies. Just to show the past impact. With the coronavirus and the shortage of supply from China, the prices of APIs for these drugs also moved up.