Unfortunately, REO prices maybe getting to a level where demand destruction could happen. I work in the petchem business sector and came across an announcement from WR Grace that they are about to start marketing 'low content RE' refinery catalysts, as their margins were being squeezed too much.
Don't want REO prices that there so high that it prompts others to research around it or make do without.
Choice
rising commodity prices with downstream impact, page-2
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