Chemicals Updates

South Asia Acetic Acid & Derivatives: Mixed across the chain amid bearish market / Traders cautious amid tightening US sanctions on Iran-linked entities / Ex-tank improves on weaker Rupee / CFR activity thin amid cautious buying

Aug 04, 2025

Demand fundamentals in the Indian acetic acid market were bearish with several global factors weighing on the Indian chemicals market, sources said. Traders were anxious after the US government announced sanctions against five Indian entities found trading Iranian petroleum products. The list included four Indian traders which were said to be engaged in Iranian methanol trading, two out of which were key Indian acetic acid importers holding about 30% share in the Indian acetic acid import market, said a market source. It is the first time Indian companies are being hit by the US sanctions and there is panic among traders, several market participants said. According to the US State Department’s press release on July 30, it would impose sanctions on 20 entities it believes are engaged in trading Iranian...

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