08 January 2009 18:36 [Source: ICIS news]
HOUSTON (ICIS news)--Production cuts, credit crunches, plant shutdowns, falling demand and weaker prices made the headlines in the later half of 2008, with the promise of more to come in 2009 as US chemicals faced what is seen to be the sharpest economic downturn in living memory.
ICIS news has taken a look across the industry through its OUTLOOK ’09 series to assess the situation for this year.
Here is a list of stories published over the end of year holiday period. Please click on a headline to read the full story.OUTLOOK '09: Base oil players use '08 lessons to prepare
OUTLOOK '09: Chemical shipping faces stormy waters
OUTLOOK '09: US shipping faces challenges but growth too
higher costs, tighter credit - and weather watchers warning of an above-average hurricane season.
OUTLOOK '09: US carbon politics may lift natural gas demand
HOUSTON (ICIS news)--The environmental aspirations of US President-elect Barack Obama may help push up natural gas demand in 2009 even though a weak economy and slowing industrial appetite will weigh on gas prices, sources said.
OUTLOOK '09: Chemicals makers face no ordinary downturn
OUTLOOK ’09: Stormy seas await the
OUTLOOK '09: Trough to deepen in US solvents markets
HOUSTON (ICIS news)--Sources in US solvents markets appeared certain of little other than continued weak demand and pricing as they looked ahead to next year.
WASHINGTON (ICIS news)--US offshore areas that were closed to energy development for nearly three decades are now open - but the new Congress that convenes in January may move to restore that drilling ban in all but name.
OUTLOOK ‘09: Biofuels to be a big factor in oleochems
OUTLOOK '09: Credit turmoil will persist in 2009
OUTLOOK '09: Crude unlikely to recover above $50/bbl
LONDON (ICIS news)--Crude oil prices, which dropped from a peak of $147/bbl in July 2008 to below $48/bbl in December due to weak demand resulting from the global economic crisis, are unlikely to recover above $50/bbl in 2009, analysts said.
OUTLOOK ’09: Health issues to continue to haunt US plastics
HOUSTON (ICIS news)--The US plastics industry will continue to face a barrage of health-related issues as consumers and regulators press forward with questions regarding the impact of chemicals like phthalates and bisphenol A (BPA).
OUTLOOK '09: Fertilizer producers, traders tighten belts for 2009
OUTLOOK ’09: N American plastics markets face oversupply
HOUSTON (ICIS news)--After a bruising fourth quarter of falling prices and demand, North American polyolefins producers will enter 2009 desperately needing to repair margins.
OUTLOOK '09: Shift ahead in global M&A amid credit crisis
OUTLOOK '09: Tougher US chemical security rules ahead
WASHINGTON (ICIS news)--The US chemicals industry is certain to face tougher anti-terrorism requirements in 2009, perhaps to include first-time federal authority to dictate inherently safer technologies (IST) as part of security measures.
OUTLOOK ’09: US aromatics to face less volatility
OUTLOOK ’09: US heading for environmental shift
WASHINGTON (ICIS news)--The US is poised to undergo the greatest shift in national environmental policy and enforcement in its history, an abrupt change of course that could have profound impact on chemical producers and manufacturing in general.
HOUSTON (ICIS news)--The sharp downturn in the US economy in the second half of 2008 is expected to last through at least the first six months of 2009, stifling demand for petrochemicals and keeping a lid on monomer prices.
OUTLOOK ’09: Wall Street expects profit declines
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|