Before the Storm,Resin Prices Were Deflating

摘要

At press time in mid-October,the impact of Hurricane Ike on Gulf Coast refineries and resin plants was still being assessed.Just a few suppliers had declared force majeure,although some,such as ExxonMobil,were placing customers on allocation and others were assessing the potential for such a move.Even though it could be weeks before the Gulf Coast chemical industry gets back to normal,observers last month doubted supply disruptions would be as great as in 2005 after Hurricanes Katrina and Rita.