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April 26, 2026
Sadara in Jubail is still offline. No restart date. 3 million tons of annual plastic and chemical supply, off the market.
Regional demand did not disappear with the plant. It’s been rerouted to US Gulf producers.
American resin is moving overseas to cover the gap. Port Houston already logged a 12% jump in PE exports in two weeks. Petrochemical prices across every region have climbed to record highs.
US polyurethane resin prices jumped +8% in a single week in March.
Even if you don’t distribute resins, the products you distribute downstream from crude and refineries will be constrained.