Solid Ground?

In one measure of just how badly the situation, and expectations, for industry have deteriorated since last fall, DuPont was able to tout a nearly 50% year-over-year drop in earnings as a “solid” result in the headline of their second-quarter earnings press release. The industry and global economy appear to have stabilized in the second quarter as the freefall that started last September finally relented. Demand has started to improve versus a few months ago as most markets showed steady, if slow, improvement during the second quarter as destocking...

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