The price of Dimethyl Sulphate (DMS), a crucial chemical used in dyes and agrochemicals, witnessed a notable decline in the USA market throughout December xxxx. This downturn can be attributed to a confluence of factors, including diminishing demand in key downstream sectors, oversupply in the domestic market, and falling feedstock prices. The DMS industry is navigating through a challenging landscape as it grapples with these bearish headwinds.
Amidst weakening demand in the United States, particularly in the textile and agrochemical sectors, the DMS market faces significant downward pressure. Consumers in the USA tightened their spending on textile and clothing purchases, leading to an excess of unsold merchandise and a subsequent reduction in demand for downstream dyes, consequently affecting the market for DMS. India&#xx;s top agro-chemical producer, UPL Ltd, a company with a global presence, experienced a substantial drop in revenue from the American continent, contributing...
