How Will Hurricane IDA Affect US Styrene Production?
According to the U.S. safety and environment enforcement agency, more than 95% of U.S. oil production in the Gulf of Mexico had been shut down before Hurricane IDA landed, providing support for the crude oil market. After the hurricane landed in Louisiana, many local families and businesses lost power.
American Hurricane IDA erupted violently on August 29, and landed near the mouth of the Mississippi River in Louisiana in the early morning of August 30, Beijing time, with a maximum sustained wind speed of about 240 kilometers per hour. Considering that the cold wave in the United States had a great impact on the market in February this year, the hurricane also attracted more attention from the market.
We can know the walking path of "IDA" from the map. Within this influence range, only Louisiana is involved in styrene production.
Then let’s have a look at the styrene production capacity in the United States and the proportion of production capacity involved in the hurricane.
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