IHS Chemical Week

From The Desk Of

CW Insider, June 22

12:32 PM MDT | June 19, 2009 | Robert Westervelt

The mood was subdued at Chemical Week’s SFO Conference conference, which took place Tuesday in New York. Demand and economic outlooks were cautious, dulled by concerns of housing and auto markets that have yet to show any signs of recovery and the impact of consumer weakness.. Demand seems to have bottomed in early 2009, but recovery may be slow for the chemical industry, according to several CFOs that were at the conference. CFOs say are still focused on cost-cutting efforts, managing cash flow, keeping inventories lean, renegotiating terms of debt.  ...

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