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: Crude price falls push petchems lower, raise price volatility
“Everyone is on the sidelines because they don’t know where the bottom is and don’t know what to do.”
VIDEO: ICIS special report - impact of lower crude oil prices