The situation of the European chemical industry in 2009 can be described as the impact of new petrochemical installations in the Middle East. The deterioration of the internal economic environment and the situation are very difficult. In the fourth quarter of last year, basic chemicals in most European countries generally fell by 6 to 7%. Although the output of paint and coatings has also declined significantly, the decrease is smaller than that of basic chemicals. According to experts from the Chinese phenolic resin network, the deteriorating economic environment, excessive petrochemical production capacity, and uncertainties in the trend of oil prices this year have caused European chemical manufacturers to remain in a harsh market environment. Among them, petrochemical producers and bulk product manufacturers are particularly affected. prominent. Moncef Hadhri, chief economist of the European Chemicals Commission, pointed out that the European chemical production in 2008 was the first decline since 2003. In addition to the good performance in the first quarter, the performance of the European chemical industry in the last three quarters is getting worse. In particular, since the second half of last year, the spread of the financial crisis to the real economy has accelerated the major downstream markets for chemical products, including the decline in the construction, automotive, machinery, and equipment manufacturing industries. The European chemical industry has become increasingly out of control. Hadri said: The era of rapid development of the global economy has passed and is currently fighting the biggest financial crisis in a decade. The latest index has made it very clear that global economic activity and the commercial climate continue to deteriorate. "Many consultants stated that from the second half of last year, the price of raw materials that fluctuate greatly, so that consumers will produce future prices will further decline in expectations. In this case, it is always as much as possible to use up inventory in hand, rather than properly prepared as usual This behavior is very unfavorable to the demand for stimulus.Chemical manufacturers are forced to temporarily idle equipment to cope with the reduction in demand.However, the longer the equipment is idle, the worse the economy when it is reactivated, and some can only end up Abandoned, especially since the beginning of this year, the new petrochemical plant in the Middle East will be put into operation one after another, and European petrochemical producers will face greater pressure from competition.
Automatic Film Cutting Machine
Automatic Film Cutting Machine
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