Archive | October, 2011

Where is the volume growth?

As the first wave of third-quarter earnings results come in for the chemical sector, profits have largely been solid, showing year-on-year gains. Earnings were propelled by price increases. Yet, one element has been conspicuous in its absence – that of volume growth. Germany’s BASF, the world’s largest chemical company, posted a 6% year-on-year gain in […]

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Risk to Q4 chemical earnings estimates

Do third quarter earnings really matter? As we move into the thick of the earnings season, all eyes will be on how the fourth quarter is shaping up and how analysts will handicap fourth-quarter 2011 and full-year 2012 projections. Leading up to results, pre-announcement warnings have been scarce in the chemical group, boding well for […]

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