Tuesday, October 14, 2008
Impact of Wall Street crisis on the chemical industry
The recent financial crisis is expected to impact the chemical industry. According to a report in Chemical and Engineering News, the scarcity of credit will not have a direct impact on chemical producers, since according to chemical stock analyst Dmitry Silverstyn, "they have strong free cash flow and relatively low debt and can ride out a short-term credit crunch."
Consumers of chemicals, on the other hand, may be forced to reduce their inventories or default on payments.
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