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From The Desk Of
CW Insider, June 1, 2009
12:53 PM MDT | May 29, 2009 | Rob Westervelt
Key indicators show that the chill of global recession may be starting to thaw for chemical makers. Demand recovery, which began late in the first quarter, appears to be holding. U.S. chemical production, as measured by a three-month moving average, rose 0.1% sequentially in April, following a 0.6% gain in March, ACC says. The strongest region was the Gulf Coast “which is more focused early on in the supply chain, and this is welcome news,” ACC says. U.S. petrochemical producers are also getting a welcome lift from subdued natural gas prices. Surging...
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