IHS Chemical Week

Chemical Week Magazine :: Cover Story


9:40 AM MST | January 13, 2009 | REBECCA COONS

Weak U.S. Demand Heads North Canadian chemical producers expect sales value to be down 27% in 2009, or 13% on a volume basis. That is because the 2008 slowdown will continue “well into 2009” and weakness in the U.S. housing and automobile markets has worsened, according to results of a survey conducted by the Canadian Chemical Producers Association (CCPA; Ottawa). Exports are expected to slump 25%, with sales to U.S. customers down 24%, survey respondents say. “Exports, in particular to the U.S., represent a core market,” says Dave...

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