In all regions, demand for chemical products did not pick up in the first half of January and customers are continuing to destock
Weak demand approaching the year end, when players traditionally destock
to lower working capital on balance sheets, coupled with buyer uncertainty over where the floor is for upstream prices has also placed downward pressure on styrene prices.
Existing AQUs have until the end of the year to destock
The economic downturn has affected both turnover and margins, with cashflow problems being exacerbated by the company's inability to destock
, given market conditions.
Some could destock
their inventories, exit the floating storage market altogether, reducing the market's liquidity, or move on-shore, weighing on already crowded infrastructure, they added.
Works will include the implementation of a traffic management plan, damming of a section of the harbour, dewatering and electrofishing and destock
by inland fisheries ireland, salvage of collapsed masonry from the canal bed, demolition of the adjoining displaced sections and subsequent rebuilding, masonry stabilisation and re-pointing.
We may continue to see dismal figures in the first quarter, and a possible recovery in the second quarter when the spring ploughing season begins and the government's 4 trillion yuan stimulus package takes effect," said Qiu Xiaofeng, an analyst with China Merchants Securities' state-owned oil firms, eager to destock
their holdings after piling up aggressively in summer, have begun offering discounts to the official ceiling prices at the pump, with drivers in the Shanghai financial hub benefiting from the fourth cut in 10 days in some stations, state media said.
He said: ``When CAP reform was first talked about, I thought I'd have to destock
He said: ``I'm sure some producers will be encouraged to keep their numbers up but I plan to destock
by a third.
Prices may decline in the short-term as a result of lower seasonal demand or should China destock
but may rise if investment demand increases to take advantage of low prices in advance of general restocking.