Buy bitumen 85/100
Buy bitumen 85/100
In this article, we will discuss what items affect the ” buy bitumen 85/100” in 2021. The global coronavirus (Covid-19) started in Wuhan,
China, in December 2019 and spread at an alarming rate around the world, reaching more than 5 million people,
causing a major disruption to the world economy.
Coronavirus pandemic affecting ” buy bitumen 85/100 ”
Corona pandemic made Europe the center of the epidemic by mid-March; Spain,
Britain and Italy became the most troubled countries on the Green Continent,
and the number of victims accelerated at once. The disease then spread in the United States to the point where the United States suddenly became the center of the world’s highest
incidence of the coronavirus outbreak, accounting for about one-third of the world’s Covid-19 virus outbreaks.
Therefore, the outbreak of coronavirus has led governments and officials around the world to implement strict measures,
quarantine, curfews and travel restrictions to combat and prevent the spread of the virus. As the consequence, many petrochemical companies have suspended or delayed their
ongoing projects due to the negative effects of the epidemic worldwide and the sharp drop in demand for crude oil and fuel,
followed by a sharp drop in global commodity prices.That is to say, that buy bitumen 85/100 will
change in 2021 more than what it changed in recent years.
Countries situation in ” buy bitumen 85/100” in 2021
After China, the United States had the most delays in implementing petrochemical and chemical industry projects.Technically speaking, disruption of
supply chains and the availability of labor around the world will greatly affect projects under
construction and the launch of the petrochemical industry, including the implementation and development
activities of the Shell Beer and Formosa St. James Parish complexes.
On the other hand, the partnership between Sinopec and South Korea Ski for the construction of a petrochemical complex in
Wuhan, China, which is scheduled to
be operational in the second quarter of 2020, will be delayed until the first quarter of 2021.
Also due to the outbreak of Corona, the project of building an ethylene production unit and its derivatives
belonging to the Sinopec refinery and petrochemical complex in Hanian, China, was suspended due to the outbreak of the Coronavirus.As a matter of fact, overcoming uncertainties
and slowing global economic growth due to the outbreak of the Coronavirus has delayed many
ongoing projects and development projects in the world’s petrochemical and chemical industries, and this challenge continues.
As the final point, analysts believe that the growth of demand for key petrochemical products
by end consumers will improve rapidly in 2021, according to forecasts for the revival of global economic activity,
while the demand conditions for 2020 are not favorable.
Buying bitumen 85/100
