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Petrochemical product spreads for polymers and butadiene widened further in November 2020 on solid demand from hygiene, appliance and shopping-season demand. Lotte Chemical's Daesan plant and LG Chem's Yeosu plant suspended operations, keeping supply tight into early 2021.
The story concerns petrochemical markets rather than feed commodities, so the price impact on feed buyers is limited. Tight olefin and polymer supply is a petrochemical-specific driver.
businesskorea.co.krHwang Yu-sikNov 23, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
