In 2009 the situation of the European chemical industry, is outside the new petrochemical plant in the Middle East has the impact of deteriorating economic conditions within the Department situation, very difficult situation. Quarter of last years No. 4 most European countries, basic chemicals, production generally dropped by 6% ~ 7%. Although production of paints and coatings have fallen much, but the decline is less than basic chemicals. Phenolic resin network, according to Chinese experts, this year, the deteriorating economic environment, petrochemical production overcapacity, as well as the uncertainty of the movements of oil prices, so that the European chemical industry manufacturers market environment is still poor, one of petrochemical manufacturers and bulk products, the impact on particularly prominent. European Chemical Industry Council chief economist Moncef • Hadri (Moncef Hadhri) pointed out that in 2008 the European chemicals production, is the first time since 2003 fell. Apart from the first quarter performance was good, the European chemical industry after the three-quarters performance is getting worse. Especially the second half of last year, the financial crisis spread to the real economy, accelerated the major downstream chemical products market, including construction, automotive, machinery, and equipment manufacturing sector, the pace of a recession, the European chemical industry got out of hand fatigue. Hadri said: the rapid development of the global economy era is over and is currently working with a few 10 years ago the largest financial crisis in protest, the latest index is already very clearly that global economic activity and business climate continues to deteriorate. A lot of advisory body, said second half of last year, the sharp fluctuations in prices of raw materials, so that consumers will further lower future price expectations. In this case the hands are always run out of stock as much as possible, and not as usual as timely preparation of the Treasury This behavior is detrimental to stimulate demand. Chemical manufacturers were forced to temporary idle devices to cope with the situation of reduced demand. But the device is idle longer, and then opening its economy worse, and some even eventually abandoned. particularly since the Middle East this year, a new petrochemical plant put into operation one after another, the European petrochemical producers will be facing greater competitive pressures.