Japanese chemicals company Denka Corp. expects significant sales decline of its chloroprene rubber for the fiscal year 2019, due in large part to the U.S.-China trade war and the weak global economy. Plunges in raw material prices also caused downward revision of sales prices of stryene-based products, and Denka expects the decline in CR sales to continue. Denka asserts that the U.S.-China trade dispute, coupled with the current Coronovirus outbreak, is causing uncertainty for the future global outlook and recovery could take time.
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See AllOur blog, News from Notch Consulting, has been published continuously since November 2007 with free news and updates related to the tire, rubber, carbon black, silica, and rubber chemicals industries.
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