Dow cuts global PE operating rates by 15%
by ChemOrbis Editorial Team - content@chemorbis.com
According to media sources, American multinational chemical corporation Dow Chemical decided to cut its global polyethylene production rates by 15% due to continued global logistics issues including port and rail congestion in the US Gulf Coast and dynamic conditions in Europe.
The duration of the rate cuts depends on the market dynamics in Europe and logistic issues, the company said.
With this move, the company is planning to help balance elevated inventories in warehouses and at key ports worldwide and its logistics resiliency.
The duration of the rate cuts depends on the market dynamics in Europe and logistic issues, the company said.
With this move, the company is planning to help balance elevated inventories in warehouses and at key ports worldwide and its logistics resiliency.
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