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i suspect you are correct
sadly some data i used to rely on is now hard to find or just suspect ( conflicting with indications elsewhere )
Things like this:
They are now prompting BASF to lay off thousands of workers and shut down sections of its flagship facility in Ludwigshafen, Germany.
So if production's not physically happening then fair chance we'll see shortages / price increases for the products in due course.
Bearing in mind the plant in question isn't some run of the mill factory. The entire complex is more than 5km long and up to 2km wide with it's own CBD-like grid of streets.
To put that into perspective, for comparison the Melbourne CBD grid is a comparatively tiny 1.9km x 0.95km.