As we venture into mid-July, the corporate landscape is abuzz with the disclosure of Q2 earnings results, Reuters reports. These financial fever charts offer a glimpse into what might lie ahead for the remainder of the year.
The chemical industry has been walking a tightrope, experiencing persistent double-digit percentage dips in Q2 sales and an even steeper drop in profits. The outlook for demand in the latter half of 2023 remains cautiously modest, according to LANXESS.
The downward trend isn’t an isolated event—several global heavyweights have unveiled similar Q2 results, painting a rather challenging picture for the industry.
On a recent episode of The View from Jamestown, industry expert Kathy Hall shed light on her focus areas for H2 2023. She underscored the importance of closely monitoring plant slowdowns and suggested that valuable insights could be gleaned from the finer details of these earning reports.As we navigate through the remainder of 2023, such considerations will be key in understanding the industry’s unfolding narrative.
To learn more about the current market trends from Kathy Hall, tune into the latest episode of The View from Jamestown here.
