TITLE

An anxious industry feels the pressure

AUTHOR(S)
Davis, Nigel
PUB. DATE
September 2006
SOURCE
ICIS Chemical Business;9/25/2006, Vol. 1 Issue 36, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides information on the state of the chemicals industry in the U.S. and in Europe. Given the 19% plunge in the price of oil since July, the physical market impact has been to keep chemical industry players on the sidelines in the expectation of lower prices. Certainly the London Metal Exchange (LME) plastics futures market has reacted sharply to the crude correction. It has also picked up polymer demand weakness in China and sharply lower Asian naphtha prices.
ACCESSION #
22669997

 

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