CHEMICAL BONDS
Gulf chemical producers retain edge despite Hormuz disruptions
The region's producers retain a competitive edge thanks to abundant raw materials and their proximity to Asian and European markets
FAYEZ NURELDINE/AFP via Getty Images
A phosphate rock production site at the Maaden Aluminium Factory in Ras Al-Khair, Saudi Arabia
Add The Circuit on GoogleMiddle Eastern chemical producers are holding on to most customers despite shipping disruptions through the Strait of Hormuz.
The region’s low prices and production scale make a permanent shift to other suppliers unlikely, Reuters reports.
