Sensing slowing softness...upturn uncertain. Entering 4Q 2012, there is an industry sense that the brisk pace of business that started the year has slowed in the last few months. Optimism abounds as pent up demand and loosening of capital investments weighs in. Unfortunately the uncertainty surrounding the global financial crisis won't abate, and is causing a slowdown in purchasing commitments for both primary manufacturing and MRO supplies. Expect economic growth of 2%, which could be held back by mid-East political turmoil and any ensuing oil shortages. This always impacts plastic resin prices by driving up basic feedstock such as benzene and ethylene.
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