Global Best Chemical & Petrochemicals Data Base, Chemical Prices

The coronavirus pandemic has exacerbated an unprecedented shift in the choices of the industrialists after a significant halt in the supply chains across the Northern hemisphere. Battered by the lack of reliability and transparency issues, economies are rerouting their supply chains after China became the origin of the threatening pandemic that the world is trying to get rid of. Although, China has become quite successful in defeating the contagion after struggling for almost three months, analysts assume that the outbreak high lightened the need of the hour for the world to contract their reliance for the essential raw materials and Active Pharmaceutical Intermediates to a specific region and protect it from other vulnerabilities. With its severe impact on global supply chains, the major economies which had been making good money through trade flows, are now only left with containers stranded in the wrong locations as there is an indefinite delay in the overseas shipments. ...

Polymer producers around the world are forced to curtail their production activities as the combined blow of Coronavirus and crude oil crash has hard hit the sector. Prices of Polyethylene and Polypropylene in the international markets have followed a downtrend as feedstock ethene, ethane and propylene witnessed downward pressure due to sudden slump in crude oil. The oil price war initiated by Saudi Arabia has brought a huge downturn in the oil industry which is anticipated to impact almost all the economy driving sectors of the world. When China is resuming factory operations, the unprecedented campaigns launched by the governments in rest of the countries to prevent the spread of the contagious virus have almost put a halt on the economic activities. Asian refiners are curtailing production sensing muted demand from the downstream polymer industry. Demand Outlook Demand for polymers being used in food packaging, healthcare products and sanitizers is high as consumpt...