Signs of recovery for Europe chemicals industry on the horizon but near-term conditions remain weak

摘要

LONDON (ICIS)--Any recovery for the European chemicals sector is likely to be delayed until September, according to analysts from Baader Bank on Friday. Business sentiment has picked up, and the prospect of a recovery could come to fruition in 2020- 2021, but near-term circumstances remain bleak for the sector. As buyers sit on full inventories, there is no need to restock material, which means markets could be quiet over the coming weeks.