Asian Chemical Connections
Although 2011 started off with strong signs of recovery in many markets, by the second half the worsening banking and eurozone crisis began to sap confidence. Growth has continued to be lacklustre in 2012.
In some emerging markets growth decelerated sharply as the knock-on effect of problems in mature markets rippled across the globe. Many Latin American companies achieved double-digit sales growth. But slowing growth in Brazil hit results for Braskem.
INSIGHT: US butadiene bottoms out but demand remains weak
"The market is long, and I think we will have this scenario at least for the first half of 2015."
VIDEO: Supply & demand fundamentals will keep oil low - Hodges