Pemex Port Problems Today May Become American Exporters’ Troubles Later — Panjiva


Pemex Port Problems Today May Become American Exporters’ Troubles Later

Corp - Ports 661 Energy - Conventional 272 Energy - Refined Oil 149 Mexico 505 Mode - Seaborne 1273 U.S. 3297

Gasoline supplies into the Mexican port of Pajaritos have been delayed by weather and a lack of storage capacity, though national oil supplier Pemex has yet to scale back purchases. Congestion at the port is an ongoing issue and can be seen by import growth of just 2.3% in the three months to Oct. 31 compared to 8.8% for the nation as a whole. Over the longer-term imports will likely decline as the new government will require Pemex to build more refineries in Mexico. That will have a particular impact on U.S. exporters which accounted for 91.2% of Mexican imports in the 12 months to Oct....

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.