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Interview Early 2010 to offer ‘sweet spot’ for chem projects

By Ben DuBose

HOUSTON (ICIS news)--Chemical companies that have delayed new projects due to the financial crisis should look to the first half of 2010 as an opportunity to catch the market at its bottom, executives with US engineering and construction firm Fluor said on Friday.

Prices for raw materials such as copper, steel and other manufacturing components have come down 10-20% from the market’s 2008 peak, but should begin heading upward in earnest by 2011, the company said.

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