17 September 2008 20:01 [Source: ICIS news]
BOSTON (ICIS news)--Falling commodity plastic margins in the US, combined with the global plastics markets heading for oversupply, are good news for US buyers, an industry consultant said on Wednesday.
However, the US is somewhat protected from commodity plastics trade, which is bad news for US buyers, said Andrew Swanson, vice president, chemicals, of Nexant.
Swanson told an audience at the Chemical Purchasing Summit in ?xml:namespace>
“As a result, operating rates are forecast to fall as new capacity rises faster than demand, leading to falling margins,” noted Swanson.
The implications for the
The Chemical Purchasing Summit is organised by ICIS and Purchasing magazine.
To discuss issues facing the chemical industry go to ICIS connect
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|