March 2002

Trends and Resources

HP Impact: Chemicals slump: this too shall pass, but when?

With the significant capacity overhang prevalent today,petrochemicals producers will need to closely monitor comparativeinternational oil and domestic natural gas values. So says a recentCMAI market a..

Weirauch, Wendy, Hydrocarbon Processing Staff

With the significant capacity overhang prevalent today, petrochemicals producers will need to closely monitor comparative international oil and domestic natural gas values. So says a recent CMAI market analysis. Too wide a divergence in these key raw material price drivers can severely limit a country and a company's competitive capabilities. In 2001, weakening economies became a focal point for many as first the U.S. and then the rest of the world experienced a severe downturn in demand. As economies cooled, oil prices moderated, declining from a daily high of $32.23 for WTI in mid-January 2001 to a daily low of $17.34 in mid-November.     &#

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