Business Intelligence - Chemicals
By Staff -- Purchasing, 8/16/2007
24%Buyers reporting price hikes for inorganic chemicals
Source: www.purchasingdata.com
WHAT IT MEANS: It's a significant drop from the 41% reporting hikes only two months prior. The outlook is good as well, with only 25% of buyer predicting further price increases in the next quarter.
$12.1BPrice tag for Lyondell Chemicals
Source: Basell
WHAT IT MEANS: Chemicals industry mergers and acquisitions continued in July with Dutch chemicals firm Basell's buy of Lyondell Chemical for $12.1 billion. The week before, Basell had been outbid by Hexion for Huntsman Corp.
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