Article From Reuters Events – Downstream: New polypropylene plant in Texas to relieve momentary shortage but later add to glut, 9/15/20

“The startup of our new production line comes at a time when the North American polypropylene industry needs it most,” said Alexandre Elias, Braskem’s vice president, PP North America, citing demand recovery from Covid-19 lockdowns.

“This demand, coupled with recent operating challenges in the industry, has created a situation where clients in North America need our support,” Elias added.

A combination of factors suddenly turned around a market in just a couple of months with excess supply turning to sudden tightness and price hikes, according to a market source.

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