The impact of the soaring energy and raw material prices caused by the hurricane on the profits of chemical companies was even greater than the impact of forced shut-down of production facilities when Hurricane Katrina hit. Robert Shrouds, an economic analyst at DuPont, said that the US chemical industry has already suffered the highest energy price ever since this year. Hurricane Katrina has exacerbated the environment in the chemical industry. It is believed that it will soon have a global energy outlook. The adverse effects will also appear. The person in charge of the company's marketing and sales department has issued notices to customers. Due to soaring prices of energy and raw materials, DuPont has only to increase its product prices to overcome this difficulty. Many companies, such as Albemarle, Eastman, Celanese, and Dow Chemical, have also adopted price increases in succession.
Dow Chemical's president and chief executive officer, Li Weicheng, said that when the hurricane hit, the shutdown of the production plant inevitably reduced the company's revenue, but then the situation worsened. High oil prices and high natural gas prices will affect Dow and the entire United States. The chemical industry has long-term adverse effects, which are caused by long-term adverse effects on the industry, including analysts in the U.S. securities market. In the latest forecast of the third-quarter performance of listed companies, the profit indicators including Dow Chemical, DuPont, PPG, Rohm and Haas, Eastman, Nova Chemicals, West Lake Chemicals, and Albemarle were also lowered. Rising energy and raw material prices.
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