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Dow Chemical expects operating rate to rise sharply in the second half of 2021

2021-05-07
Latest company news about Dow Chemical expects operating rate to rise sharply in the second half of 2021

The CEO of Dow said a few days ago that Dow Chemical expects its factories to be in a "strong operating rate range" for the remainder of 2021. However, as the economy recovers from the new crown pneumonia pandemic, demand continues to increase. Will make supply tight.

 

He said on the conference call: "I think we may not increase our inventory until the end of the fourth quarter, and it all depends on whether our performance in the fourth quarter is sluggish. There will be demand in the automotive market, tourism market, construction and residential markets Rising, the home appliance market demand is backlogged, and the delivery time is long. Everything is pointing in the direction of a high operating rate."

 

Dow’s 2021 financial report shows that net sales were US$11.9 billion, an increase of 22% from the same period last year, mainly due to the increase in local prices in all operating segments, business units and regions. Net sales increased by 11% month-on-month, and all sectors and regions achieved growth.

Local prices increased by 19% year-on-year, mainly due to price increases in all operating sectors. The increase in prices of all operating segments, business units and regions contributed to a 14% increase in overall prices from the previous month.