Global Best Chemical & Petrochemicals Data Base, Chemical Prices

As per the recent interim updates by the American Chemistry Council (ACC),   there is significant uncertainty in the projections of the U.S. chemical industry as it analyzes the potential impacts of Covid-19 which has caused indefinite halt in the country’s manufacturing activities and muted trading. ACC projects the world trade to plummet by 10.5% this year as the pandemic brings a “perfect storm” to the global economy with U.S. experiencing the hardest blow as it reports the spread of the virus in more than 8.2 lakh people, as on Wednesday, 22 nd April 2020. It is being feared that if lockdown restrictions are not eased before the end of Q2 2020, it would result in a sudden and severe collapse in global economy sliding it into the steepest recession since the 1930s. Asia Pacific Chemicals Pricing (Key Products) Propylene : Propylene priced tumbles in Asia on collapse in crude oil value and slackened demand of the product from major consuming segments. Propyl...

The magnitude of demand destruction prevailing due to Coronavirus is beyond all threshold values anticipated by any economy. This global pandemic has caused devastating slowdown in diverse industrial sectors with no ray of hope for recovery in the coming months. The struggle to survive the outbreak is becoming intense with every passing day on increasing number of cases and death tolls. With affected countries eyeing on supplies of drugs and equipments to combat the virus, Hydroxychloroquine (HCQ) drug has become a major potential necessity as it is reported to be serving well for the treatment of the disease. Hydroxychloroquine is a drug typically used for treating malaria and other immunity syndromes like lupus and rheumatoid arthritis. Visit more info:  https://www.chemanalyst.com/NewsAndDeals/NewsDetails/pharma-stocks-skyrocket-over-rising-demand-for-hydroxychloroquine-1245 The demand for HCQ has been intensified since the day Trump, president of U.S, released a s...