Residual Impacts of Winter Storm Drive Spike in PVC Prices, Demand
Over the last 20 years, the American Gulf Coast has seen a surge in petrochemical production in light of increased fracking activity. This major growth positioned the United States as one of biggest international exporters of plastic and other petrochemical products. But this growth, while positive, meant that the extremely damaging winter storm that hit the southern U.S. back in February of this year wreaked havoc on industrial supply chains not just nationwide, but on a global scale.