Shares of domestic chemical companies rallied sharply on Friday after India\u2019s trade body recommended imposing anti-dumping duties on a key chemical imported from China, boosting sentiment across the sector.<\/p>\n\n\n\n
The Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce, has proposed a duty of $3,453 per metric tonne on imports of 4,4-Diamino Stilbene-2,2-Disulphonic Acid (DASDA). The chemical is widely used in optical brightening agents and dye intermediates, especially in the textile industry.<\/p>\n\n\n\n
The move follows an investigation triggered by a complaint from Deepak Nitrite Limited<\/a>, which flagged concerns over low-priced Chinese imports hurting domestic manufacturers. The DGTR found preliminary evidence of dumping, noting that imports were priced below fair market levels, causing material injury to local players.<\/p>\n\n\n\n As part of the proposal, a reference price mechanism has been suggested. Importers would need to pay the difference if shipment prices fall below the benchmark level of $3,453 per tonne. The final decision now rests with the Ministry of Finance.<\/p>\n\n\n\n The development triggered strong buying interest in chemical stocks. Bodal Chemicals Limited<\/a> led the rally, surging nearly 19% intraday. Sudarshan Chemical Industries Limited<\/a> gained around 8%, while Deepak Nitrite Limited<\/a> and Meghmani Organics Limited<\/a> rose over 4% each.<\/p>\n\n\n\n India had previously imposed anti-dumping duties on DASDA imports, which were withdrawn in 2019. The potential reintroduction signals a renewed push to protect domestic manufacturers from unfair pricing practices.<\/p>\n\n\n\n If implemented, the duty could improve pricing power and margins for Indian chemical producers, while also reducing reliance on cheaper imports, strengthening the domestic industry outlook.<\/p>\n","protected":false},"excerpt":{"rendered":" Shares of domestic chemical companies rallied sharply on Friday after India\u2019s trade body recommended imposing…<\/p>\n","protected":false},"author":2,"featured_media":743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[152,151,154,153],"class_list":["post-742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chemicals","tag-bodalchem","tag-deepakntr","tag-mol","tag-sudarschem"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/comments?post=742"}],"version-history":[{"count":1,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/742\/revisions"}],"predecessor-version":[{"id":744,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/742\/revisions\/744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/media\/743"}],"wp:attachment":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/media?parent=742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/categories?post=742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/tags?post=742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}