The Iran-US conflict has compelled Indian wood panel producers to reorganise their production and sales targets as costs rise. In a rapidly evolving and complex situation with no endgame in sight oil prices have shot above US$110 per barrel following the choking at Strait of Hormuz. India’s methanol supply is among the hardest-hit chemicals followed by PVC resin, Acrylic monomer and imported urea. India imports about 1.3 million tonnes of methanol annually of which around 40% comes from the Arabian Gulf, Iran itself is one of the world’s largest producers and exporters of ...
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