New Delhi, July 13 -- India's chemicals sector is showing signs of a gradual recovery, helped by better margins in some fluorochemicals and acetyl products. However, agrochemical and battery material prices remain weak, according to a report by Equirus.

The brokerage said the recovery is likely to remain limited to a few segments rather than across the sector. "Refrigerant spreads were broadly stable, driven by firmer HCFC-22 margins," the report said, highlighting that fluorochemicals continue to be among the better-performing segments. However, it added that "fluoropolymers (PTFE/FEP/PVDF) remained soft", indicating that demand across downstream applications has yet to strengthen meaningfully.

Equirus also pointed to improving trends ...