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On August 30, Hurricane Ida made landfall in New Orleans, Louisiana, USA, causing widespread squalls and floods
The US petrochemical industry bears the brunt of the damage
US petrochemical industry bears the brunt of the damageIn response to "Ada", a large number of oil and gas chemical production facilities in the Gulf of Mexico in the United States were forced to close
"Ada" also affects chemical products
The North American market outlook is unpredictable
The North American market's outlook is unpredictableHurricane Ada caused a large number of petrochemical plants in the Gulf of Mexico to stop production, which is bound to cause fluctuations in the petrochemical market
In terms of gasoline, after oil refineries such as Valero Energy and Marathon Petroleum shut down about 12% of the fuel production capacity in the United States, the price of gasoline futures for delivery in October rose by 9.
Natural gas prices have also risen sharply
Suppliers actively respond
Suppliers respond actively to suppliersAccording to ICIS, due to the massive closure of U.
In Asia, since the chemical trade between North America and Asia is originally limited by the shipping bottleneck, once the supply problem in North America recurs, the tight supply in the Asian market will intensify
However, some traders choose to observe market trends
Market participants said that in the later stage, whether the length of the shutdown time of the US installation will further affect the export volume of the US to Europe is worthy of attention
