28 November 2011 16:16 [Source: ICIS news]
HOUSTON (ICIS)--The ?xml:namespace>
In a report to member firms, Frankfurt-based VCI said the
However, the real underlying problem facing US-based chemical producers is “creeping deindustrialisation”, which has dampened
In addition, many of the industry’s key customer markets, especially building and construction, are yet to recover from the 2008 setback.
With a relatively low export quota of about 24%, the US cannot rely on exports to compensate for weak domestic demand for chemicals, VCI said.
But even with shale gas and its promise of low feedstock costs for chemicals, over the medium term it remains doubtful if the
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