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WHAT LOCKDOWN BRINGS TO PETROCHEMICAL INDUSTRIES

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Let's understand petrochemical first, they are the end or the furnished products obtained from the petroleum or in actual the crude obtained from within the earth, basically categorised as olefins and aromatics, simply natural gas and fossil fuel, It's a well known fact that with the recent introduction of lockdown 3.0 the vulnerability of market is breaking all previous records so is the case of the oil plants, or broadly petrochemical plants..  With the unexpected cut-off in the consumption rates leading to the increase in production rate is seriously posing a bigger threat to the biggest industrial sector, as there is surplus in production and reduction in consumption we are out of our storing capacities and as a result leading to the least ever petroleum prices which is somewhat acceptable, because that's not a big issue in that, the lower rates of crude gives opportunity to the refiners to buy it cheeper as a result will sell them cheaper after processing t