8/10/2010

The latest figures from the American Chemistry Council shows that U.S. stimulus programs may have peaked in March and that economic recovery is stagnant, writes chemical analyst Paul Hodges in this ICIS blog post. Demand for thermoplastics resins started to weaken in April and May, as it "suggests that customers may actually be drawing down their inventory," according to the ACC's analysis. These figures show that the U.S. chemical industry will encounter weak demand during the third and fourth quarters "unless end-user demand stages a sudden recovery," Hodges writes.

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