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(Click for frequent words.) 74 inventory destocking 60 inventory restocking 59 inventory replenishment 57 restocking 57 Destocking 55 inventory overhang 54 production curtailments 54 seasonally weak 53 deleveraging 53 destocked 52 restocking depleted 51 seasonally slower 51 scrappage schemes 51 seasonally weaker 51 dehedging 51 inventory drawdowns 51 inventories 50 cyclical downturn 50 stainless mills 50 cyclical upturn 50 destock 50 slowdown 50 Hönle Group 50 Dannesboe 50 upturn 50 DSM Agro 49 negative newsflow 49 replenish inventories 49 inventory replenishments 49 sequential improvement 49 per Chemorbis 49 cyclical upswing 48 weak comparatives 48 seasonal slowdowns 48 seasonal slowness 48 Chief Executive Hans Straberg 48 Luke Folta 48 alloy surcharges 48 Sawlog prices 48 stockbuilding 48 replenishing inventories 47 seasonality 47 cyclical 47 seasonally weakest 47 cyclical trough 47 restocking inventories 47 restocking depleted inventories 47 overcapacities 47 steelmaking raw materials 47 Coating Resins 47 Ferrous scrap 47 alloy surcharge 47 downtrading 46 macroeconomic headwinds 46 restock inventories 46 restocked inventories 46 Yoshiki Shinke senior 46 downturn 46 BuckHickman InOne 46 tells SBB 45 Solveen 45 cyclical downswing 45 titanium dioxide feedstock 45 capex 45 EAF dust receipts 45 comparatives 45 promotionally driven 45 manganese alloys 45 scrappage incentives 45 Straaberg 45 SBB hears 45 DSM Fibre Intermediates 44 overcapacity 44 Ferrous scrap prices 44 tough comparatives 44 leadtimes 44 oversupply 44 DSM Melamine 44 seasonally slowest 44 Engineered Support Structures Segment 44 RBK pulp 44 deceleration 44 Ebitda margin 44 railcar loadings 44 AspenTech dependence 44 overstocking 44 Orkla Aluminium Solutions 44 restock depleted inventories 44 Scrap intake 44 Middelmann 44 Ms Milanesi 44 Rainer Sartoris 44 restarting blast furnaces 44 styrene monomer SM 44 screenprint channel 44 manufacturing PMIs 44 gross margins 44 Lenzing Group 44 foreclosures Sharga 43 capacity utilization 43 thequarter 43 blast furnace pellet 43 Decorative Paints 43 Rynning Toennesen 43 merchanting 43 sharp deceleration 43 FeCr 43 Marco Strittmatter 43 replenish depleted inventories 43 Chlor Alkali 43 Zinc Specialties 43 ILZSG 43 Chief Executive Ekkehard Schulz 43 autocatalyst 43 blast furnace reline 43 Eugen Weinberg commodities 43 tougher comparatives 43 seasonally quieter 43 pulpmills 43 Margin compression 43 JISF 43 Nimit Khamar analyst 43 sawlog prices 43 raw material 43 DSM Elastomers 43 acetate tow 43 disinflationary pressures 43 stainless scrap 43 outperformance 43 Composite Fibers 43 Ethylene Oxide Ethylene Glycol 43 shippable backlog 43 Saiccor 43 pushouts 43 downcycle 43 monetary tightening 43 recessionary 43 ay y decline 43 LME stockpiles 43 Polymer Intermediates 43 downward correction 43 NBSK 43 bloated inventories 43 seasonally 43 ferro titanium 43 Faxander 43 Evaporative Cooling segment 42 USD #/tonne 42 supercycle 42 € #/tonne [001] 42 offtake 42 DMASS 42 SBB understands 42 bearish undertone 42 Daniel Briesemann 42 rerating 42 decelerated sharply 42 Chief Executive Juergen Hambrecht 42 Azusa Kato economist 42 Atsushi Yamaguchi 42 manganese alloy 42 Shineton 42 acrylonitrile 42 recycled LDPE 42 Frbiz analyzes 42 sawmill curtailments 42 macro headwinds 42 LIFO expense 42 6pct 42 rationalization 42 upholstery fabrics segment 42 Industrial Specialties 42 depleted stockpiles 42 stroke humorist Keillor 42 demand slackens 42 intermediate downtrends 42 Acetyl Intermediates 42 Order backlogs 42 Wirahadiraksa 42 #H'# 42 NMHG Wholesale 42 discounting 42 Boëttger 42 ay y basis 42 CWA Hassall 42 flatrolled 42 analyst Randal Konik 42 Robin Bhar analyst 42 eucalyptus pulp 42 troughed 42 Nondurable goods 42 ferromolybdenum 42 styrenics 42 BCTMP 42 Mr Saligari 42 Patrick Juchemich 42 merchandise markdowns 42 decine 42 SBB notes 42 Stefan Graber 42 Rinnen 42 Mr McMeikan 42 gross margin 42 Olivier Gasnier 42 recessionary trends 42 stainless steelmaking 41 analyst Nishu Sood 41 hedge fund liquidations 41 stockdraws 41 Mr Hanlan 41 Investec PMI 41 bottoming 41 Tubing Segment 41 pulpwood harvest 41 Mehul Agrawal 41 premiumisation 41 DRAM ASPs 41 flat yield curve 41 Underlying EBIT 41 H2 FY# 41 #H# [008] 41 inventory write downs 41 upcycle 41 fab utilization 41 Jamie Spiteri 41 Mr O'Hoy 41 refilling depleted 41 degrowth 41 Pellengahr 41 Inflationary pressure 41 Engineered Products segment 41 DSD Dairy segment 41 Stroucken 41 aq q 41 phthalic anhydride PA 41 € #/tonne [002] 41 disinflation 41 reacceleration 41 MARKET EXPECTATIONS Analysts 41 Daniel Brebner 41 downwards revision 41 Willi Food commented 41 Chief Executive Gregory Spierkel 41 commodity prices 41 ECU netbacks 41 scrappage scheme 41 reaccelerate 41 acetate yarn 41 Straberg 41 NatuRose 41 headwinds 41 economist Zach Pandl 41 analyst Sal Tharani 41 softness 41 significantly tougher comparatives 41 Gross margins 41 recessionary pressures 41 caprolactam 41 MALAYSIAN rubber 41 Lunsche 41 Fumed Metal Oxides 41 nonpharmacy items 41 Shipment volumes 41 Rob Montefusco trader 41 Industrial Ingredients 41 Specialty Resins 41 Frederic Lasserre 41 steelmaking inputs 41 Metal Framing 41 copper anode 41 curtailments 41 Wattret 41 nonferrous scrap 41 retrenchment 41 #bp qoq [001] 41 homo PP 41 Advanced Engineered Materials 40 Restocking 40 clearance markdowns 40 CEO Hariolf Kottmann 40 Matthias Rubisch 40 forint weakening 40 GRMs 40 British Polythene 40 Specialty Injectable Pharmaceuticals 40 #.#mn tonnes [001] 40 Liftking 40 undershot expectations 40 export orientated 40 Yingxi Yu Singapore 40 Michael Shillaker 40 reweighting 40 #HFY# [001] 40 silicomanganese 40 weaker refining margins 40 growthin 40 STECO 40 Wennink 40 Iridium MSS offerings 40 Neste Oil Porvoo refinery 40 anniversaried 40 analyst Daniel Briesemann 40 ethylene C2 40 flatter yield curve 40 refined zinc 40 refining margins 40 lfl sales 40 Mined copper production 40 FeSi 40 Svezia 40 recession 40 disinflationary 40 reflation trade 40 Aurubis 40 industrywide oversupply 40 Ed Teather 40 Andrey Kryuchenkov analyst 40 Armin Meyer 40 Feng Hsin 40 Currency fluctuations 40 Charles Smulders vice 40 Florange 40 Klude 40 Ivankoe 40 Rainer Guntermann 40 Copper cathode 40 Reduced offtake 40 gradual deceleration 40 #,# ADMTs 40 contraction 40 GGB Bearing Technology 40 wholesale imprinted sportswear 40 moly oxide 40 cyclically depressed 40 relative underperformance 40 Q4 40 DSG Canusa 40 softening 40 oversupplies 40 Yoshimasa Maruyama 40 oversupplying 40 Delabriere 40 #.#mt [003] 40 unwrought aluminum 40 Gilles Moec economist 40 profitability 40 Irrigation Segment 40 DSM Resins 40 inventory 40 Dr Lawcock 40 Summary Box Wholesale 40 Stephan Rieke 40 Naoki Murakami 40 Realisations 40 Noriaki Haseyama 40 Mr Pensabene 40 Joshua Zaret 40 arbitrage cargoes 40 Coating Effects 40 wafer ASPs 40 Timna Tanners 40 Rod Lache 40 wide flange beams 40 LME inventories 40 Roger Cursley strategist 40 Mr Ihlein 40 NutropinAq ® 40 Chief Executive Hans Wijers 40 oversupplied 40 Cyclically 40 Xidelong retail 40 Marco Valli 40 Surface Specialties 40 ferroalloys 40 Tanchuk 40 Ferrochrome 40 Mr. Bassoul 40 upward revisions 40 Mr Gahbauer 40 Non ferrous metal 40 #.#mn tonnes [007] 40 David Jeary 40 shortcovering 40 relative underperformer 40 unabsorbed fixed costs 40 foodservice glassware 40 steepening 40 Luigi Speranza 40 Nicholas Tenev 39 Julian Jessop economist 39 stainless surcharges 39 Completion Fluids 39 debottlenecking 39 supply chain 39 nonresidential construction 39 Martin van Vliet 39 Darren Winder 39 PET resin 39 economic downturn 39 headcount reduction 39 Anna Piretti senior 39 hopper railcar 39 cyclicals 39 macroenvironment 39 Ingrid Sternby 39 Eltek commented 39 Bernd Weidensteiner 39 bangers scrappage scheme 39 Coatings Segment 39 expansionary monetary 39 drift downwards 39 acrylic monomers 39 Renminbi appreciation 39 folding carton packaging 39 vinyl acetate monomer VAM 39 graphite electrode 39 foundry alloys 39 groundwood paper 39 monoethylene glycol MEG 39 Yingxi Yu 39 markdowns 39 hardwood pulp 39 vertical integration 39 Eramet Manganese 39 Toby Hassall commodity 39 reaccelerating 39 LME nickel 39 enameled wire 39 Badishkanian 39 stockist 39 Chlor alkali 39 HO Woltz III 39 Svein Richard Brandtzaeg 39 Pringuet 39 F#H# 39 Cytec Surface Specialties 39 Iron ore pellets 39 analyst Wim Hoste 39 Gahbauer 39 choppy sideways 39 hot rolled coil 39 CMCZ 39 monetary tightening cycle 39 EURO CDS 39 steelcord 39 #pct MoM 39 F3Q 39 Wensheng Peng 39 MARKET EXPECTATIONS 39 uptrend 39 seesaw pattern 39 capital expenditure 39 #/st [002] 39 #bps QoQ [001] 39 Commodity Chemicals 39 La Nina phenomenon 39 emerging markets 39 mattress fabrics 39 shutdowns 39 wafer fab equipment 39 idlings 39 Dominique Barbet 39 Carryover stocks 39 Shougang Jingtang 39 Michael Exstein 39 polyester filament yarn 39 7ACA 39 hedge fund redemptions 39 deflationary pressures 39 FII outflows 39 Capacity utilization 39 overstocked inventories 39 restocked depleted 39 phthalic anhydride 39 David Thurtell metals 39 Phthalic anhydride 39 RGU additions 39 H#CY# 39 divestments 39 Deflationary pressures 39 Hund Mejean 39 Swiss SVME PMI 39 manganese ferroalloys 39 flattish 39 SURTECO AG 39 ferro alloy 39 autocatalyst demand 39 COPENHAGEN AFX Share 39 unplanned refinery 39 per hectoliter 39 Albrecht Denninghoff 39 Mr Bagrie 39 ferro molybdenum 39 De Maeseneire 39 Galvanised steel 39 CHF#.#bn [003] 39 #bp yoy [002] 39 unfinished hardwood flooring 39 Claude Zehnder 39 Christian Weiz 39 Mingchun Sun 39 James A. Luksch 39 Yoshinori Nagano senior 39 Ibersecurities adds 39 technically overbought 39 deleverage 39 Paul Everitt SMMT 39 Ricardo Kleinbaum 39 de levering 39 scrappage incentive 39 analyst Robin Bhar 39 Ton van Ooijen 39 synthetic rubbers 39 downward revision 39 polymer intermediates 39 Ciba Speciality Chemicals 39 sawlog 39 intermonth spread 39 methylamines 39 Nonmetallic Mineral Products 39 chana futures 39 ferrosilicon 39 #Q/# [002] 39 Engineered Films 39 relative outperformer 39 recesssion 39 Ethylene Dichloride 39 bauxite phosphate fertilizers 39 B2W Cia 39 Hay baling 39 stockists amidst 39 ferritic stainless 39 schedule Kozleski 39 economist Sunil Kapadia 39 disinflationary forces 39 Rental Comps 39 #/nt ex mill 39 Craftmade segment 39 Shinke 39 blooms billets 39 Anna Piretti 39 fewer markdowns 39 Azusa Kato 39 Christoph Weil 39 scrappage incentive scheme 39 tradables 38 Zhu Yanzhong 38 Refining margins 38 Marosffy 38 Raiffeisenbank analyst 38 Moec 38 Liinamaa 38 analyst Sjoerd Ummels 38 Torikoshi 38 Commsec economist Savanth Sebastian 38 Mr. Shokrgozar 38 MaterialScience 38 Alvin Liew economist 38 HR coil 38 LME zinc 38 BOPET films 38 remelt 38 custom folding carton 38 upturns 38 deflationary cycle 38 Delhaize Belgium 38 retailers STRs 38 unscheduled shutdowns 38 yield curve inversion 38 wafer shipments 38 casegoods segment 38 La Parrilla mill 38 NZ sharemarket rises 38 Jianqiu Yu Chairman 38 ArcelorMittal Galati 38 Mr. Melnuk 38 Takuji Aida chief 38 federation Eurofer 38 Q#CY# 38 Rigesa 38 Maiko Noguchi senior 38 temporary shutdowns 38 bullish undertone 38 thanexpected 38 Edible oils 38 cyclically 38 Aschenbroich 38 ferrochrome 38 saria prices 38 Shanxi coke 38 turnround 38 cyclically sensitive 38 Jon Bergtheil 38 stocking 38 Luc Pez 38 survey compiler Markit 38 Clamadieu 38 Mr Lakos 38 ElringKlinger 38 Marco Gulpers 38 Xin Aoxing 38 Ferdi Heyneke 38 downward lurch 38 Fnac Conforama 38 #Q/#Q 38 petrochemical feedstocks 38 kharif harvest 38 Flat Carbon 38 Distributive Trades Survey 38 decelerating 38 € #/mt 38 Stanlib economist Kevin Lings 38 € #-#/tonne [002] 38 Saiccor expansion 38 loan outstandings 38 Imagewear coalition 38 SKU rationalization 38 metallurgical coal shipments 38 Leon Westgate 38 Adipic acid 38 Investec economist Kgotso 38 Mr Calavrias 38 austenitic grades 38 Robert Drbul 38 retrenchments 38 Ian McCafferty 38 Sydbank analyst Morten Imsgard 38 shrinkages 38 Alumina AWC 38 IC COMMENT 38 shakeouts 38 Zuanic 38 Caprolactam 38 Tambakeras 38 nondurable 38 #.#bcm [002] 38 Klaus Schruefer 38 trended downwards 38 Franprix Leader Price 38 crude stockbuild 38 Allan Monks 38 Hiroshi Shiraishi 38 Orin Middleton 38 Ozgo 38 lightweight coated groundwood 38 Lazarovici 38 Shuji Shirota 38 CY# [002] 38 CIBC economist Krishen 38 Thijs Berkelder 38 cyclical downturns 38 Jesper Dannesboe senior 38 Karl Bjornson 38 analyst Martin Deboo 38 #-#,# tonnes [001] 38 Barclays Capital analyst Sudakshina 38 Harsco Infrastructure 38 Elisabeth Denison 38 Q2 38 Stefan Bielmeier 38 Sylvain Broyer 38 Marco Valli economist 38 downtrend 38 FIIs inflows 38 Specialty Phosphates 38 FII flows 38 Little Ice Age 38 Maleic anhydride 38 de bottlenecking 38 CMC Markets dealer 38 Astmax Emori 38 economist Helen Kevans 38 headcount reductions 38 QSBO 38 semifinished steel 38 delevering 38 Textile Effects 38 Mr Dastlik 38 Yruma 38 weedkiller glyphosate 38 snapback 38 retooling shutdowns 38 Scott Mushkin 38 Mikako Kitagawa principal 38 intermediate uptrends 38 #bp yoy [001] 38 Yingxi Yu analyst 38 farmgate milk prices 38 Jean Noel Labroue 38 Marc Rene Tonn 38 Lead Fabricating 38 Prior Wandesforde 38 #.#mt [004] 38 nonmetallic mineral products 38 economist Riki Polygenis 38 Rigid Paper 38 Mechel Campia Turzii 38 Sevcon supplies 38 Stefan Graber commodities 38 TAKKT 38 Inventories 38 tonnages mined 38 Chief Executive Angela Ahrendts 38 LME trader 38 sulfanilic acid 38 dishoarding 38 association HDE 38 Washkewicz 38 Gartner analyst Mikako 38 Cyclical stocks 38 Tubby Goodwin 38 Martin Deboo 38 Sudakshina Unnikrishnan 38 Kwinana refinery 38 BÖWE Group 38 Fiberglass Composite Pipe 38 APeJ 38 WhiteWave Alpro 38 futures closeout 38 DSM Anti Infectives 38 generic Adderall XR 38 economist Ralph Solveen 38 Infrared Optics 38 spokeswoman Marion Kessing 38 TRM ATM customer 38 orderbooks 38 Cushing inventories 38 cyclical upturns 38 Paraxylene PX 38 ANALYST TAKE Analysts 38 downward revisions 38 tailwinds 38 underperformance 38 stainless steelmakers 38 polyester staple 38 analyst Jorge Beristain 38 STIMULUS WATCH Weatherizing 38 Ann Joo 38 Disinflation 38 broker Numis Securities 38 CY'# 37 Ferdi Heyneke portfolio 37 IPO pricings 37 Labroue 37 GBP #.#m [003] 37 Sobisek 37 colder wetter weather 37 MF Global Meir 37 railcar deliveries 37 contractionary 37 unseasonal wet 37 monetary tightenings 37 intermediate downtrend 37 Margins 37 Lloydminster Upgrader 37 ammonium paratungstate APT 37 Nicolas von Stackelberg 37 Willson Rymer 37 austenitic stainless 37 Guar seed 37 Harsco Minerals 37 Q1 37 chlor alkali 37 sequential basis 37 negatively impacted 37 Philip Borkin 37 ABDick 37 Laurent Vallee 37 Exane 37 Q3 37 relative outperformance 37 Petrofund merger 37 ferro silicon 37 Marc Leemans 37 Metallurgical coal 37 Secondline stocks 37 refined glycerin 37 Sun Mingchun 37 MillerCoors joint venture 37 recovery Follain 37 ADSI reliance 37 Plastic Additives 37 premiumization 37 Eliane Tanner 37 Steven Ricchiuto chief 37 RTTNews Eurozone 37 Danny van Doesburg 37 Dampening sentiment 37 stockroom shelves 37 Hiroaki Sano head 37 Stamp Duty holiday 37 YonY 37 #Q/# [001] 37 Takeshi Minami 37 Chief Executive Carlo Bozotti 37 Pedro Galdi 37 Great Unwind 37 Chief Executive Jouko Karvinen 37 Matt Wacher 37 Excel Waggoner 37 HSBC Prior Wandesforde 37 cyclicity 37 fracture proppant 37 Harm Bandholz 37 deflationary tendencies 37 EAF steel 37 Maryse Pogodzinski 37 Koffrie 37 EBITA margin 37 Hetal Mehta 37 Castorseeds futures 37 adjusted EDITDA 37 copper cathode output 37 Neuss smelter 37 fracture proppant products 37 ferrous scrap 37 MGI PHARMA marketed 37 Frederic Panizzutti precious metals 37 EBITDA margin 37 precious metals refiner 37 Mrs Ridout 37 JSC GOK 37 phenol acetone 37 adjusted Ebitda 37 cocoa grindings 37 Beh Hsia Wah 37 brightening outlook 37 EBIT beia 37 sharp falloff 37 underlying fundamentals 37 Amrita Sen 37 stockouts 37 Chiara Corsa 37 newsflow 37 radialisation 37 3G rollouts 37 erratic monsoons 37 Synthetic rubber 37 Chief Executive Keith Nosbusch 37 Apparel Leather & 37 sales 37 Tatsushi Shikano senior 37 PDP MLR 37 choppiness 37 FUEL CHEM segment 37 analyst Stephen Tusa 37 consolidated PRASM 37 Longbow Research analyst 37 Zaki Kada 37 Business Briefing learns 37 SWDCC 37 timespreads 37 Paracatu expansion 37 Flat Rolled Products 37 Radix Isatidis Dispersible Tablets 37 Polymer Additives 37 furth er 37 stockdraw 37 Chiwoong Lee 37 Zhang Xiuqi 37 macroeconomic 37 infringe MOSAID patents 37 MF NAVs 37 restructuring 37 Nokia N8s 37 tightenings 37 Mr Leppinus 37 disinflationary trend 37 hog marketings 37 promotional cadence 37 Worldsteel 37 € #/ton [001] 37 Remortgaging activity 37 urethane elastic fiber 37 multi decadal signal 37 Brewmaster Collection 37 Longmen Joint Venture 37 Orthopaedic Implants 37 Suki Cooper 37 appreciating Rupee 37 Mr Dinte 37 sequential 37 positive newsflow 37 Olivier Gasnier economist 37 Palamin 37 Ferrous metals 37 Sandra Petcov 37 deflationary 37 Costanza Jacazio 37 Fresher barometers however 37 Reslewic 37 ferrous scrap metal 37 genericization 37 recessionary spiral 37 earnings preannouncements 37 Oversupply 37 yearearlier 37 CY# [001] 37 association Eurofer 37 yield curve steepen 37 Yieh Phui 37 Ms. Kitagawa 37 #.#pc yr yr 37 Hongbin Qu chief 37 capacity utilisations 37 Whyalla blast furnace 37 Ranjit Atwal principal 37 discounters Aldi 37 unwinding 37 overbuying 37 Metal Framing segment 37 Chief Executive Andrew Cosslett 37 Pierre Olivier Beckers 37 derisking 37 Exeon 37 Polymer Chemicals 37 commodity supercycle 37 Billable headcount 37 Sawlog 37 Corrugated Packaging segment 37 replenish stockpiles 37 lay offs 37 International Soup Sauces 37 hotrolled 37 Shimamine 37 unseasonal weather 37 Mr. Sondey 37 C#Q# 37 Gerdau Acominas 37 recycled containerboard 37 hotrolled coil 37 rupee appreciating 37 Ian McCafferty CBI 37 OIS curve 37 H1 pretax falls 37 Koji Muneoka head 37 nondurable goods 37 Hou Xinqiang 37 analyst Bill Selesky 37 Magnesia Specialties 37 CEO Doros Constantinou 37 Lauren Cooks Levitan 37 Paul Lejuez 37 Downward revision 37 selldown 37 tightening cycle 37 Elsa Dargent 37 #/nt [002] 37 non durables 37 Afshin Nabavi head 37 Frederique Cerisier 37 Jennifer Dowty 37 Katharine Wynne 37 Branded generics represent 37 Celgar mill 37 Robert Schenosky 37 analyst PJ Juvekar 37 Gavin Redknap 37 Robert Minikin 37 Tee Sze Chiah 37 LME copper inventories 37 manfacturers 37 polymer additives 37 Levatich 37 FY#/# [003] 37 Sector Snap Teen 37 Unseasonable weather 37 Gujiao facility 37 ALTANA Chemie 37 SHFE copper 37 Kasikov 37 seaborne coking coal 37 hryvnia devaluation 37 RMB BER BCI 37 Mr Redican 37 #-#/st 37 Yusco 37 Thina Saltvedt 37 Ms Beacher 37 oilprices 37 dowturn 37 MagTex acquisition 37 FY opg 37 store refits 36 adversely impacted 36 Ozing 36 rebalancing 36 Soliris therapy 36 marketconditions 36 unprofitability 36 brownfield expansions 36 tonnage milled 36 Weirton blast furnace 36 nondurable items 36 Satoru Ogasawara 36 pricing pressures 36 rabi harvest 36 Hans Straaberg 36 cement despatches