IHS Chemical Week

From The Desk Of

CW Insider, May 11

1:48 PM MDT | May 8, 2009

Has the reset started? First-quarter earnings reports were generally poor but demand stabilized or improved late in the quarter. Inventory destocking is showing signs of abating and offers some glimmers of hope for a second-half recovery in demand. The cover story this week looks at the engineering and construction (E&C) sector. Projects in Asia and the Mideast have kept major E&C firms busy through the recession, but much of that activity is expected to come to a halt later this year or early next. Other articles of interest can be found at chemweek.com...

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