European Chemicals will welcome light in the second half of the year

At the beginning of this year, the European chemical industry is expected to face many challenges. Prices are expected to decline, and all manufacturers have thrown goods. It is difficult to improve the market in the short term. However, the outlook for the industry in the second half of the year is expected to improve. Because some terminal manufacturers have low inventory levels, once the global economic situation improves, manufacturers will enter the market to purchase.

The chemical market in Europe is still uncertain, but it is expected to see a turnaround in the middle of 2012.

The stocks dropped sharply. Economists expect the market to remain sluggish at the beginning of 2012 and it is expected that the market will not be able to improve in the short-term months. However, the reduction in inventories and the expected price of the stocks have bottomed out, indicating that manufacturers will enter the market in the second half of this year and expand their inventories. The market is expected to improve. December 2011 Global PMI Purchasing Managers' Index PMI, a “checklist” for measuring US manufacturing, measures manufacturing in production, new orders, commodity prices, inventory, employees, order delivery, new export orders, and imports. The indicators of the eight conditions are currently holding steady, which also indicates that the market trading environment in 2012 is expected to pick up.

Some petrochemical manufacturers said that the upstream market and electronic and semiconductor terminal market conditions will improve, and soft commodity prices will increase. This will increase the confidence of agricultural people in the market and thus boost the demand for the fertilizer industry.

Due to the good demand for commodities and tight supply, chemical products have been sold at a premium since April 2010. However, since October last year, the European chemical market has entered a stage of slow growth, and it will enter a period of weakening at the beginning of this year.