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Shortages, skyrocketing prices continue for chems shipping

2021/01/25

LONDON (ICIS)--The shipping woes that have dogged the chemicals sector for months show no sign of abating, with disrupted international trade flows driving up prices and limiting availability, with European issues exacerbated by confusion and gridlock following the UK’s departure from the EU. Shipping costs have skyrocketed over the last…

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China holiday-travel curbs dampen petrochemical restocking

2021/01/25

SINGAPORE (ICIS)--Petrochemical restocking in China this year will not be…

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INSIGHT: Resilient US economy, stimulus set to boost chemicals demand in 2021

2021/01/22

NEW YORK (ICIS)--The US economy is heading into 2021 in…

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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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