Insight
US deep freeze - outages in the polyester chain
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Report summary
The polar vortex on the US Gulf Coast is hitting the petrochemical industry hard. The region is home to 10% of world MEG capacity and 45% of US paraxylene capacity. Most units are now offline and repercussions are yet to be felt downstream. We explore here how the polyester and feedstock prices and markets will react in the coming days and weeks. This is another significant market disruption, and it will be felt well beyond the US.
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