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Petrochemicals to recover slowly after coronavirus outbreak

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US March styrene contracts plummet amid demand erosion, plunging upstream benzene

2020/04/03

HOUSTON (ICIS)--US March styrene contracts were assessed at a significant decrease on Friday, falling by 15 cents/lb ($330/tonne), amid demand destruction from efforts to stop the spread of the coronavirus and plunging upstream benzene costs. Styrene contracts are assessed one month in arrears. The 30% decrease in the contact price…

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Europe glycerine spot prices post triple-digit rises on fears of further biodiesel output cuts

2020/04/03

LONDON (ICIS)--European glycerine spot prices faced triple digit increases this…

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Fresh EU applications from global biocides firms fail to materialise despite shortages

2020/04/03

LONDON (ICIS)--There has been no uptick in the number of…

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Petrochemicals to recover slowly after coronavirus outbreak

China is the world’s biggest net importer of polyethylene (PE), polypropylene (PP), paraxylene (PX), and monoethylene glycol (MEG). Restrictions linked to the coronavirus outbreak have caused China’s chemical industry to suffer a 15-25% slump in demand during February. What will the impact be on these and other chemical markets?

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