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From The Desk Of
CW Insider, April 27, 2009
2:21 PM MDT | April 24, 2009 | Rob Westervelt
Chemical markets may have found a bottom in the first quarter as producers report that volumes picked up in March (but that’s only when compared to dreadful January and February levels). Demand remains well below historical patterns. Chemical makers are clearly bracing for an “L”-shaped downturn, where activity remains at subdued levels for an extended period. Producers remain cautious, and many have announced plans to increase cost-cutting efforts in earnings reports last week....
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