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Chemical demand in India softens ahead of Diwali amid trade headwinds
Indian chemical segment sees weak demand pre-Diwali, with prices under pressure and trade frictions worsening outlook.
Demand in India’s chemical sector has weakened ahead of the Diwali festival, with key downstream segments such as polyethylene and acetic acid facing pressure. Anti-dumping (ADD) actions and 50% U.S. tariffs on some chemical imports are diverting trade flows. Prices for intermediates like VAM and MIBK touched five-year lows. The pre-festive restocking that usually boosts volumes has failed to materialize. Firms anticipate recovery only if global demand revives and trade barriers ease.