Exciting analysis. However, companies such as BASF, Lanxess, Evonik and Dow are the manufacturers of the products that Brenntag sells. All of these companies are currently suffering from weak demand. So why should a retailer that sells to the same customers be in a much better position?
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@AustrianFool There is a significant difference between the large-scale producers and dealers you mentioned. A large-scale producer manufactures in bulk, while a dealer conditions and thus packs in smaller containers. Or would you buy 20 tons of road salt privately if you only need 10 kilograms at the moment?
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