Petrochemicals and plastics: Thinking through the COVID-19 challenges
ADI Chemical Market Resources sees the ongoing pandemic and the commodity price crash impacting the petrochemical industry in several ways including the following: Demand disruptions from the broad economic collapse, Feedstock volatility and margin pressures, Feedstock supply and product demand imbalances Declining sales volumes Significant capital spending cuts Shift to lower feedstock volatility via crude-to-chemicals…