News from Notch Consulting, Inc.

March 18, 2020

Denka revises fiscal year outlook after rubber sales drop

Filed under: General, Rubber, Rubber Chemicals — Notch @ 2:16 pm

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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