Business Intelligence
By Staff -- Purchasing, 1/17/2008
62%Buyers expecting organic chemical prices to go up in the first quarter
Source: www.purchasingdata.com
WHAT IT MEANS: That compares with only 47% the previous month. Inorganics saw a slightly less dramatic increase but indexes for both based on buyers' reports hit 12-month highs.
14%Buyers expecting to increase inorganic chemical sourcing in the first quarter
Source: www.purchasingdata.com
WHAT IT MEANS: With price expectations at near-highs, the buying plans for chemicals-consuming companies and organic and inorganic chemicals specifically were at 12-month lows.
$85Predicted price for a barrel of oil in 2008
Source: DuPont CEO Charles Holliday
WHAT IT MEANS: DuPont's top exec said "The odds are not likely for a recession, but pretty slow growth" thanks in part to lower-than-expected oil prices.
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