Entries from Chemicals & The Economy tagged with 'destocking'
Benzene signals a market top
As regular readers will know, the blog believes benzene is a good leading indicator for chemical demand, due to its widespread use in the industry. Last November saw its price "on the floor", indicating a major downturn, and it remained...
Benzene price surge indicates end to destocking
Benzene is the blog's favourite leading indicator of chemical industry demand. It is one of the most widely used products and, as a liquid, it is also widely traded. Its recent successes as an indicator include calling a peak on...
Destocking follows previous recession experience
Destocking is currently a key issue for the chemical industry. The above chart, from Andrew Sentance of the Bank of England, provides some useful clues as to where we are in the cycle. It shows current performance (the green line)...
The end of the beginning
Last week's BASF announcement marked the end of Phase One of the downturn. This began over a year ago, with the first signs of financial crisis. Now, we will move into Phase Two - a long, multi-year recession, which will...
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