Indian epoxy resin prices witnessed a bullish trend in the November 2025 coupled with the supply and demand related factors. While the support from the feedstock side was limited and demand was also at steady levels. This was mainly supported by the supply side pressure when Indian administration has taken a strong initiative to prevent the local market from the overseas imports of epoxy resin and has added antidumping measure on the five key exporters.
Data released from the Ministry of Commerce and Industry (DEPARTMENT OF COMMERCE) reveals that the India’s Total Import for the epoxy resins increased by 6.34%, year-on-year surge in 2024-2025, indicating a major dependency on the overseas imports while the export growth were only 0.14% year-over-year in 2024-2025.
The Central Board of Indirect Taxes and Customs (CBIC) vide Notification No. 33/2025-Customs (ADD) dated 17 November 2025 has been notified imposing a five years anti-dumping duty on the imports of liquid epoxy resins from the People’s Republic of China, South Korea, Kingdom of Saudi Arabia, Thailand and Taiwan. This notification effectuates the final findings of DGTR dated 18 August 2025 and is in tune with India’s wider trend of protecting domestic chemical manufacturers from sustained low priced imports.
The newly announced charges are both tight and intentionally organized. Imports from China are now subject to duties ranging from USD 37 to USD 258 per MT, the maximum rate is for non-cooperative exporters. South Korean vendors are subjected to even higher rates with tariffs amounting to USD 483 per MT. The fixed duties are USD 331, USD 175 and USD 115 per MT for Thailand, Saudi Arabia and Taiwan respectively. These tariffs are for items HS 39073010 and 39073090 but exclude solid, semi-solid, aqueous, solution-based, blended-modified and brominated types of epoxy resins – essentially this tells us the target is the high-volume liquid resin market.
This policy decision follows an investigation initiated on 29 June 2024, after some key domestic manufacturers of epoxy resin including Atul Ltd. and Hindustan Specialty Chemicals Ltd. petitioned the government citing injury from persistently dumped imports. Over fourteen months, the DGTR examined market conditions, pricing trends, and producer data, ultimately concluding that the domestic industry had suffered material injury. With the imposition of these duties, India has converted those findings into an actionable trade measure aimed at restoring fair competition and stabilising the national epoxy resin market.
These scenarios are likely to support the domestic epoxy resin marketers and price too. For now, Indian liquid epoxy resin price trending upward gradually, week-on-week basis. In November 2025, Liquid Epoxy Resin EEW-185 increased by 1.67%. While the support from the key feedstock Bisphenol A and Epichlorohydrin were insufficient, indicating the demand related pressure on the epoxy resin prices in the Indian market.
