IHS Chemical Week

World News and Views :: Projects


Petchem Downturn Looms on the Horizon

9:19 AM MST | November 24, 2008 | Robert Westervelt with Lindsey Bewley

The timing of the latest wave of Mideast capacity could be better. Global petrochemical demand is tumbling, dragging pricing and margins with it, just as Mideast producers are set to increase ethylene capacity by nearly 12 million m.t./year in 2008-09, a supply boost of roughly 10%. Chemical makers, including BASF and Dow Chemical, reported sharp demand declines in October, 20% or more in some cases. The combination of sharply weaker global economic growth and a collapse in oil, energy, and feedstock prices has moved petchem buyers to the sidelines. BASF...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa