IHS Chemical Week

Chemical Week Magazine :: Viewpoint

Free Falling

10:23 PM MST | November 23, 2008 | Robert Westervelt Robw@Chemweek.Com

The rate at which industry demand continues to disintegrate in late 2008 is startling. Alarms have been sounding since the financial crisis swelled in September, pushing anxious consumers and industrial buyers to the sidelines worldwide. Inventory depletion appears to be accelerating as producers and consumers scramble to preserve whatever cash they can, which makes it even harder to assess underlying demand. Producers report demand declines in October of 20% or more for some products, with some of the sharpest declines reported in Asia. Chemical makers are...

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.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 




Comments (1) for Free Falling
1.
Rob,

This kind of downturn is not new and is more inventory correction than economic downturn. Final chemical demand is down with economy, which is only down about 2 percent so far. See data for 1974-5 and 1980-81 in particular. Volumes will pick up even if the economy does not.

Frederick M. Peterson
Probe Economics, Inc.
Posted by Frederick M. Peterso on Saturday, November 29, 2008 @ 05:30 AM










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

ihsCopyright © 2015 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