War in the Middle East cools polymer trade in the Americas, fuels expectations of rising prices

The war with Iran paralyzed polymer transactions from Asia and Middle East to the Americas on March 2, with offers of polyethylene, polypropylene, and polyvinyl chloride heard to be suspended, while transactions between the US and Latin America have also cooled amid a “wait and see” sentiment. In other chemical markets such as styrene, methanol, and tertiary butyl methyl ether, market participantsThe war with Iran paralyzed polymer transactions from Asia and Middle East to the Americas on March 2, with offers of polyethylene, polypropylene, and polyvinyl chloride heard to be suspended, while transactions between the US and Latin America have also cooled amid a “wait and see” sentiment. In other chemical markets such as styrene, methanol, and tertiary butyl methyl ether, market participantsRead More