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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

GPCA: Petrochemical Margin Recovery Seen by 2013

7:53 AM MST | December 16, 2011 | —Robert Westervelt in Dubai

Adams: Growth centered in Asia. Reduced rates of capacity expansion and continued demand growth in “high-velocity” economies, led by China, should drive petrochemical makers to peak profits over the next few years, according to analysts with IHS Chemical. “Basic chemicals and plastics markets have recovered from the 2008-09 recession and are on a longer-term expansion path of 5.2%/year,” said Gary Adams, chief advisor for IHS Chemical and former president of CMAI, speaking recently at the GPCA Chemicals Market Outlook Seminar, held in...

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