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A series of attacks on shipping routes in the Red Sea has so far spared oil supplies from witnessing major disruptions, but oil importing countries are spending sleepless nights amid concerns that any escalation could potentially alter the situation drastically. Although the attacks disrupted container shipping lines, oil shipments remain largely stable
The hydropower generation outlook across the US Pacific Northwest remains below normal due to dry weather. S&P Global Commodity Insights editors also are keeping an eye on Asian styrene monomer margins. Meanwhile, China's soybean imports are seeing a decline ahead of the Lunar New Year holidays. 1
The challenges posed by plastic waste, emissions, and climate/environmental issues are anticipated to intensify until effective policies and actions are implemented to reverse the trend. The plastic value chain is grappling with the trilemma of security, sustainability and affordability, placing substantial pressure on stakeholders
