The global chemical industry is experiencing one of its longest slumps in decades. Oversupply, fierce competition, and sluggish demand are dampening profits across every major region, with production growth expected to reach only about 3% for the year. Cost pressures are also rising due to tariffs and expensive raw materials.
In the middle of these tough conditions, July 24 marked a rough day for Dow (DOW), as the stock dropped 17.45%, its worst single-day slide in five years. This sharp drop followed the company’s decision to halve its quarterly dividend, reducing it from $0.70 to $0.35 per share.
