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. ...

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...