Sadara in Jubail is still offline. No restart date. 3 million tons of annual plastic and chemical supply, off the market.
Sadara's plant in Jubail is still offline with no restart date, and the 3 million tons of annual supply it took off the market is rerouting demand to US Gulf producers, pushing resin and petrochemical prices to records. Even distributors who don't sell resins will feel it downstream.
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.