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Hurricane affects many chemicals in North America

 Last Update: 2021-09-19
 Source: Internet
 Author: User

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Recently, Hurricane Ida landed in Louisiana, USA, causing the North American chemical market to fall into chaos

Market participants said that although the supply of ethylene and propylene has been significantly reduced in the past few months, the inventory level of polypropylene (PP) is still far below the average level of previous years, which makes PP spot prices extremely sensitive to production issues

The US methanol market is also facing tight supply and rising prices of natural gas raw materials

It is reported that almost all of the raw materials of US polyethylene terephthalate (PET) are located in ports along the Gulf of Mexico, which are extremely vulnerable to hurricane damage

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