Crude price drop threatens chems volumes - ING

10 September 2008 17:15  [Source: ICIS news]

LONDON (ICIS news)--Substantial reductions in oil and naphtha prices are a threat to chemicals volumes, ING said on Wednesday.

The bank’s analysis of spot prices and their relation to volume demand - 34 products across three regions - suggests that de-stocking in basic chemicals “is the obvious purchaser response to falling naphtha prices", it said.

Its ‘volume proxy index' for the sector suggested that this would be a feature of the third quarter.

The decline in prices has been widespread, with Asia leading the way, ING said.

Declines were shown for all product groups including the recently more bullish aromatics and intermediates sectors, the bank's analysts said.

Bookmark Paul Hodges’ Chemicals and the Economy blog
To discuss issues facing the chemical industry go to
ICIS connect


By: Nigel Davis
+44 20 8652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly