Sinopec News Network According to the latest report of HSBC, the overall demand of the global chemical market in 2011 should be improved compared with 2010, mainly driven by the urbanization of developing economies and the vigorous construction of infrastructure. However, it is still unclear when the demand for Europe and the United States will return to the historical average.
HSBC said that the global chemical raw material costs will continue to rise in 2011, which will benefit basic chemical producers, but will increase cost pressures for specialty chemical manufacturers. Special-purpose chemical producers must pass on costs to end users in order to resolve profitable pressures.
HSBC said that the global chemical raw material costs will continue to rise in 2011, which will benefit basic chemical producers, but will increase cost pressures for specialty chemical manufacturers. Special-purpose chemical producers must pass on costs to end users in order to resolve profitable pressures.
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