INDUSTRY ANALYSTS FOCUS ON U.S., ASIAN, LATIN AMERICAN MARKETS
International consultant Chem Systems Inc., Tarrytown, N.Y., brought together its principle specialists from around the world to assess the state of the petrochemical industry earlier this year. Although the global industry is in a cyclic downturn, Chem Systems sees the current situation as being at the bottom of the cycle. Prices and margins are low. They are, however, in most regions, expected to recover somewhat in the coming years.