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Petrochemical demand is up and prices are spiking

Resilinc

This period of high prices and margins coincided with—and was partly supported by—supply chain disruptions, including the February 2021 deep freeze on the Texas Gulf Coast and port and shipping congestion in much of the world. German trade group VCI reports that petrochemicals prices rose by 21.6%

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China’s Historic Silk Road is Resurrected from the Rubble

Elementum

Massive changes in technology, transportation, and power dynamics over the centuries, led to the eventual abandonment of the road. In 2013, President Xi Jin Ping introduced an initiative to construct a modern-day equivalent of the Silk Road as part of the country’s 2030 Agenda for Sustainable Development.

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