Entries from Chemicals & The Economy tagged with 'over-capacity'
Paraxylene starts to dominate the polyester chain
Last April, China's polyester market provided an early warning signal that the current downturn was about to start. Now, it is flagging an important change in relative positions within the value chain. 9 months ago, the divergence between crude oil...
Is this a V, U, W, or L-shaped recession?
There is now general agreement that we are in a global recession. The World Bank's new 'Global Economic Prospects' report expects global GDP growth of only 2.5% this year, and just 0.9% growth for 2009. This is well below the...
Dow warns of need for "radical actions"
Andrew Liveris, Dow CEO, has consistently warned that we are facing a major recession. Today, in a Bloomberg interview, he spells out the need for "radical actions" to "take out capacity". He notes that Dow's volumes are down 10%-20% this...
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