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Strategic implications: natural gas fever for US chemicals. (Management).
From:
Chemical Market Reporter
| Date:
April 14, 2003| Author:
| COPYRIGHT 2003 Schnell Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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The recent run-up in the natural gas price above $9 per mm Btu might as well be called "March Madness." This sequel to the equally memorable and painful January 2001 event seems so irrational that there is a temptation to write it off as an "unusual" event, a nightmarish dream. The chemical industry was under incredible stress in February-March, but with implemented price increases and the expected seasonal decline in natural gas prices, profit margins should begin improving in April-May.
Our research argues that that these gas price spikes (winter of 2000-2001, and current) ...
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