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| http://internationalechem.com/images/Documents/icb%20jan11.pdf |
Capacity utilization is basically the percentage of potential production capacity that is actually being used to (in this case) produce chemicals. Paul Hodges of the ICIS Chemicals and the Economy blog uses this graph to indicate that there are shifts ahead in the chemical industry. His new white paper lays out his case that the New Normal consists of a few happy notes: 1) the US housing market is not demanding chemicals like before (and won't), 2) China has been responsible for the recovery in the chemicals market and 3) the Chinese housing market is being tamped down by the PRC government because of rampant speculation.
Good news all around, I see.
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looks like Blogger doesn't work with anonymous comments from Chrome browsers at the moment - works in Microsoft Edge, or from Chrome with a Blogger account - sorry! CJ 3/21/20