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IHS WPC 2014: Industry must balance push from new supply against pull of global demand
10:46 AM MDT | March 27, 2014 | Francinia Protti-Alvarez in Houston
The cyclicality and volatility of earnings in basic chemicals remains one of the greatest challenges facing the market, said Mark Eramo, v.p./chemical industry insight at IHS Chemical in comments at IHS Chemical’s World Petrochemical Conference in Houston on Wednesday afternoon. Industry’s ability to balance significant new supplies against the “demand pull” on petrochemicals from economic growth will continue to determine profitability. The near-term outlook is positive, however, with global basic chemicals and plastics on an upswing that...
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