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: Anxiety over global demand for crude centres on China
“Part of China’s ‘new normal’ is that ‘big stimulus’ won’t be called for every time growth decelerates.”
VIDEO: ICIS Special Report - C3 value chain, early autumn