GS 高盛：亚太化工－风险收益 02.09

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GS 高盛：亚太化工－风险收益

02.09　　　英文 19页

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GS 高盛：亚太化工－风险收益 02.09
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Cracker economics are improving because of delayed start-ups of various
Middle East projects. Our latest assessment of the industry’s macro
environment suggests an extended peak-cycle during 2007/2008. With
incremental demand likely to outstrip incremental supply worldwide
during 2007/2008, utilization rates should stay above 92%, similar to the
previous peak in 2004/2005. We are therefore changing our sector
coverage view to Neutral from Cautious.

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关键词：incremental Utilization environment Assessment increment 风险 高盛 收益 化工 亚太