January 2006
Chemical Market Reporter;1/9/2006, Vol. 269 Issue 1, p19
Trade Publication
The article focuses on problems faced by the polymer market of Europe, North America and Asia. Europe faced the problem of price instability followed by product shortages in 2005. The shortage is caused by a series of feedstock outages and unexpected closures at a number of plastic production units. Meanwhile, there is an increase in commodity plastic prices of the U.S. due to hurricanes Rita and Katrina, which hit the U.S. southern seaboard in August and September 2005. The demand of Asian polyolefins decreased which led to an increase in prices. Cefic, the European chemical industry association, believes that European GDP growth will reach 2% in 2006.


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