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OUTLOOK ’15: No optimism, just caution for Europe BD players

by Nel Weddle

LONDON (ICIS)--European butadiene (BD) market players have dropped the word optimistic from “cautiously optimistic” for 2015  - the most frequently repeated phrase in petrochemicals since the fourth quarter of 2008.

“Where careful optimism was the watchword in 2014, it’s now just careful,” a producer said.

2014 was not the year it was expected to be. Some sources had anticipated a slow but gradual recovery in growth through the year, others had just anticipated a better second than first half.

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