China Coronavirus Scare : Propylene Derivatives Prices Likely to Edge Higher as Shipments Get Delayed

Importers of Propylene Glycol, Acrylonitrile and Oxo Alcohols in India are facing supply chain delays cPrices of chemicals such as Calcium Carbide,n-Butanol, LAB, Acrylic Acid, Propylene Glycol and many others have surged by 2-5% in the last week of January 2020.Moreover, extension of the Lunar holiday as a result of the outbreak is also likely to prolong delays in producing and delivering goods worldwide.As a precautionary measure, several countries have implemented evacuation and quarantine plans for nationals planning to return from China, where the outbreak began in the city of Wuhan.Various countries have implemented evacuation and quarantine plans for nationals wanting to return from China, where the outbreak began in the city of Wuhan. As per the industrialists, the quarantine will definitely effect the operations across the globe because it is an important manufacturing center, ranking 13th of 2,000 cities in China that host factories.At this, the imports have fell and hence the local suppliers are expecting stretched delays in shipments and are forced to sell their products at elevated prices.