*WHY ARE CHEMICAL STOCKS BUZZING IN TRADE?* PI INDUSTRIES, UPL, SRF, NAVIN FLUORINE BUZZING IN TRADE Chemical co could continue to benefit now with additional 10% tariffs on Chinese (+VE FOR PI, UPL) ⁠Refrigerant gas prices in the US market might increase further 7-10% on account of strong demand and complete curb on Chinese imports (+VE SRF+NAVIN) Agrochemicals-US & India bright spots -domestic B2C companies and US export oriented companies to have good business this year (+VE FOR UPL) Q3 NUMBERS-STRONG-SRF, NAVIN FLUORINE, UPL Investec on UPL-Upgrade to Buy from Sell-Hike TP to Rs 700 from Rs 450 KEY TRIGGERS FOR CHEMICALS SEGMENT IN Q4? RM pricing trends remain stable Domestic demand improving US export oriented companies in agrochem & oil & gas chemicals expected to improve Benefit of China