From paints to plastics, a chemical shortage ignites prices

  • Date: 02-Oct-2021
  • Source: Money Control
  • Sector:Industrial
  • Country:Gulf
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From paints to plastics, a chemical shortage ignites prices

Like other manufacturers, petrochemical companies have been shaken by the pandemic and by how consumers and businesses responded to it. Yet petrochemicals, which are made from oil, have also run into problems all their own, one after another: A freak winter freeze in Texas. A lightning strike in Louisiana. Hurricanes along the Gulf Coast.