APIC: Goodbye Demand Crisis, Hello Supply Crunch

Attendance at APIC in Mumbai has risen further and now approaches 1,500 making it clearly the largest yet petrochemicals conference in Asia, with delegates keen to know how markets will develop at this delicate moment of global recovery. Gary Adams, president of CMAI, told attendees this morning at the opening Marketing Seminar that although the industry is in much better shape than during the past few years of competitive devaluation, pricing power will not return until 2013 and we are still on a downward pricing slope. “The demand crisis is over but the...

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