[Latin America] ※ Due to the heavy earthquake in Venezuela, Port of La Guaira has been completely shut down. and this is creating some port congestions in neighboring ports like Port of Puerto Cabello. [South Africa]
Recent moves by the US to block the Strait of Hormuz have pushed international oil prices up, with WTI crude reaching $79 a barrel. This rise is now starting to push up the prices of other related chemical products, like naphtha and ethylene. This week, ethylene prices in Northeast Asia rose by about $20, trading … Read more
