Business Intelligence
By Staff -- Purchasing, 2/14/2008
5%Buyers planning to build chemical inventories in January
Source: www.purchasingdata.com
WHAT IT MEANS: That's down from 12% the month before indicating that buyers are running even more lean with chemical prices elevated.
62%Buyers predicting plastic resin price hikes this quarter
Source: www.purchasingdata.com
WHAT IT MEANS: With the exception of energy and transportation, buyers in Purchasing's monthly survey are most concerned about plastic resin prices. And 52% of buyers predict price increases for molded plastics.
3–4Months Japan's largest ethylene plant may be closed
Source: Various news services
WHAT IT MEANS: A deadly fire Dec. 21 at the Mitsubishi Chemical ethylene plant took 516,000 metric tons of ethylene capacity offline, almost 12% of Japan's capacity. The shutdown cut ethylene production 3.9% in December alone.
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