DEWITT STUDY PREDICTS DROP IN EARNINGS FROM BENZENE

09/23/1991
Benzene profits will decrease slightly through 1995, while styrene monomer (SM) producers will experience significant profit declines as overcapacity drives prices down, says DeWitt & Co. Inc., Houston. The outlook through 1995 is better for benzene than SM despite slower growth of global benzene markets and lower utilization of manufacturing capacity, DeWitt says. Use of benzene capacity during 1990-95 will average 72%, about 4 percentage points less than in 1987-89. SM capacity utilization will average about 80% in 199295, down from 95% in 1989. That's comparatively good news for benzene producers because small sw...
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