IHS Chemical Week

Chemical Week Magazine :: Cover Story

Europe Reels from Dramatic Slump in Demand

5:20 AM MDT | March 23, 2009 | IAN YOUNG

European petrochemical producers are still reeling from a tumultuous fourth quarter of 2008, when demand fell dramatically. Profitability strengthened at the end of the fourth quarter, because feedstock costs dropped versus olefins contract prices that had settled for the quarter before markets went into meltdown. But fourth-quarter petchem earnings were dented by sharply lower volumes and by expensive inventory write-downs to reflect the slump in feedstock prices. Crotty: market will be at best flat. “The downturn was dramatic,” says Borealis CEO...

This information is only available to Chemical Week subscribers.

Username:
Password:

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

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 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