U.S. chemical companies to post strong Q1 profits, expert says

04/12/2010 | ICIS News (U.K.)

U.S. chemical companies are expected to report remarkable first-quarter earnings, said Hassan Ahmed, research chief at Alembic Global Advisor. Companies benefited from cheap feedstock based on natural gas, which earned them success in the international market. Producers also gained from customers restocking their inventories, which they had deliberately reduced during the economic downturn, Ahmed added.

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