Chemical prices decline by 25% in 2 months on weak oil, US-China trade war

Raw materials, including crude oil and palm kernels, used to produce chemicals have reported a steep decline in their prices over the past two months

Chemical prices have declined by up to 25 per cent in the past two months due to a sharp fall in the prices of raw materials, including crude oil, higher refined production when overall demand was impacted due to general slowdown globally amid economic uncertainty, and the ongoing trade war between the world's two largest economies -- the United States and China. 

Prices of H-acid, an important dye intermediate extracted from naphthalene, have slumped by 25 per cent since July to trade currently at Rs 366 a kg. This acid was quoted at Rs 415 a kg by the end