WS #15144
Citi has downgraded Dow and LyondellBasell to Neutral, citing weak chemical demand that limits the upside from any supply-side benefits. This industrial weakness is mirrored in energy policy, as Russia extends diesel export bans to control domestic fuel prices. These developments suggest a broadening demand slowdown in traditional industrial sectors, contrasting with the AI-driven tech rally.
Chemical & Industrial Demand Weakness
Citi has downgraded Dow and LyondellBasell to Neutral, citing weak chemical demand that limits the upside from any supply-side benefits. This industrial weakness is mirrored in energy policy, as Russia extends diesel export bans to control domestic fuel prices. These developments suggest a broadening demand slowdown in traditional industrial sectors, contrasting with the AI-driven tech rally.