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Chemical Week Magazine :: Top of the Week
First-quarter results hinge on access to cheap feedstock
5:19 AM MDT | May 3, 2013 | CW Staff
First-quarter reports from commodity and diversified chemical makers continue to show a divergence between the fortunes of those with access to advantaged feedstocks and those with more exposure to weak end markets and price pressure. Executives say they remain cautious about the rest of 2013 given weak economic conditions and underlying volatility. LyondellBasell Industries posted net income of $900 million in the first quarter, up 50% from the year-ago period, on record US olefin margins. Sales declined 9.1%, to $10.9 billion, mainly because of planned...
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