Supply Chain & Logistics

PE, PP offer into Mexico challenged by North American turnarounds, inventory buildup

Jul 5, 2021

Mexican resin demand has recovered and climbed back to pre-pandemic levels but prices have surged compared with 2020 in part because of diminished North American supplies amid turnarounds and as manufacturers build up more inventory, a Mexican market expert...

Start of downward price cycle for resins, commodities looming on the horizon

Jun 22, 2021

A downward price cycle for plastic resins and other chemical products is already looming on the horizon following gains over the past months fueled by Covid-19 recovery as well as federal incentives.

Package design innovations may displace 5% of global resin demand

Jun 22, 2021

Design changes in packaging to eliminate, replace or reuse plastic may take away demand for the equivalent of 20 trillion plastic bottles and other containers by 2040, according to a study by consultancy Wood Mackenzie.

Canadian pipeline company building polypropylene complex finds white knight in competitor

Jun 8, 2021

Canada’s Inter Pipeline said on June 3 that a decision to recommend to shareholders a buyout plan by Pembina, an old mid-stream competitor, has been taken. Pembina's proposal followed an unwelcomed offer by a group of investors earlier this year.

Braskem’s management explores whether value higher if company sold in pieces

May 23, 2021

Odebrecht, renamed Novonor in December, and state oil Petrobras, both owners of Latin America’s biggest petrochemical producer Braskem, would realize different company values depending on whether the company is sold as a single asset or in parts, a Braskem...

LyondellBasell CEO sees resin markets tight at least through year’s end

May 10, 2021

LyondellBasell’s CEO Bhavesh Patel said that the strong plastic resin demand and tight market conditions that boosted the company’s first quarter profitability may continue through December.

Crude oil markets to remain highly volatile in 2021 but path to recovery finally visible

Apr 6, 2021

Crude oil producers and downstream companies will continue to demonstrate strong capital discipline and maximum cost control in 2021 but the path to a crude oil demand recovery is finally here, the CEO of oil refiner Par Petroleum, Joseph Israel, told Reuters...

February’s winter weather event in U.S. Gulf Coast pushes prices higher, creates backlogs

Mar 24, 2021

Automobile producers have announced North American production cuts related to the Gulf Coast winter storm of mid-February in just one of multiple impacts across different markets mostly centered around higher prices, according to a report released by Wood...

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