BARCELONA (ICIS)--The closure of the Suez Canal is heaping further pressure on chemical supply chains which are already suffering from product shortages amid strong demand.
- Suez blockage adds to market woes caused by shipping container crisis; US, Europe and Middle East outages; semiconductor shortage
- No sign of easing – supply more important than price
- Cargoes stuck include base oils, methanol, purified terephthalic acid (PTA), polyethylene terephthalic (PET), monoethylene glycol (MEG), acetone and bisphenol A (BPA)
- Pressure builds to make supply chains more robust
- Global base oils markets dry; situation is critical
- Chinese imports of high density polyethylene (HDPE) and polypropylene (PP) collapse
Interview with Eashani Chavda, John Richardson and Nigel Davis.
Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.
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