Volume 89 Issue 33 | pp. 18-20
Issue Date: August 15, 2011

Earnings Survive Unstable Recovery

Chemical firms’ second-quarter results show signs that demand is stagnating
Department: Business | Collection: Economy
Keywords: revenues, chemical sales, photovoltaics, coatings, consumer products, recession, recovery

The U.S. chemical industry enjoyed another strong quarter in the midst of a global economy that is demonstrating evidence of a second slowdown. The 23 firms tracked by C&EN delivered earnings for the second quarter that were 30% higher than in the same period in 2010. Almost all the companies were able to raise prices steeply to more than offset increased costs for energy and raw materials.

Demand from customers supported the price increases, often . . .

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