Brent crude oil and natural gas prices increased, raising petrochemical feedstock costs and tightening margins on key derivatives like ethylene and aromatics. A slight decline in U.S. rig counts may reduce natural gas liquid outputs, affecting propylene and related products. Continued geopolitical disruptions in Venezuela and Iran heighten volatility in global aromatics and methanol markets. Rising diesel prices are expected to boost transportation costs, potentially resulting in renewed fuel surcharges and increased logistical expenses.
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