Petrochemical demand is up and prices are spiking
Resilinc
MAY 24, 2022
Russia and Belarus are large [natural gas] producers, and uncertainty about sanctions has reduced their exports. In Europe and Asia, however, Gupta estimates that price increases for PE will continue in 2022, rising 5-8% in Europe and 5-10% in Asia. Natural gas prices worldwide have also risen sharply, and in the U.S.,
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