By John Richardson THE reluctance of sell-side chemicals analysts to downgrade their forecasts should be severely tested by the Federal Reserve’s decision to downgrade its outlook for the US economy. US GDP growth will now be only 2.7-2.9% in 2011 compared with the April estimate of 3.1% to 3.3%, Fed chairman Ben Bernanke told a […]
Asian Chemical Connections
New Normal Course In Frankfurt On 16-17 June
The blog is excited about its first New Normal seminar in Frankfurt, Germany this month. It follows February’s successful launch in Singapore, and is being held in association with International eChem on 16-17 June. The Workshop aims to provide a comprehensive understanding of the factors that will impact the petrochemical market over the next few years: […]
Picking The Winners And Losers
Source of picture: ICIS By John Richardson ICIS has just published its Top 100 listing for 2009, which, not surprisingly, reveals the nothing-short-of devastating impact of the global economic crisis on chemical company financial performances. “Unprecedented operating and financial conditions helped drive annual sales for industry giants down more than 30%,” writes my […]
The next oil shock and petrochemicals
Apologies for letting this blog slip again, but have been busy trying to make a crust presenting ICIS training courses. And so as a bonus for our army of avid readers, here are my extended thoughts on the above: In the midst of the economic crisis it would be so easy to bury your head […]
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