Episode 618: Think Tank: Plunging chemical prices could signal return to “normal”

ICIS - chemical podcasts

English - May 25, 2021 00:00 - 15 minutes - 21.5 MB
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Previous Episode: Episode 617: Phosphates summer demand expected as sulphur prices stabilise

Next Episode: Episode 619: Crude oil largely recovered from Colonial cyber attack, braces for hurricane season

Falling chemical prices in Europe and the US could be a sign that disrupted chemical markets are returning to more stable conditions as supply chain disruption eases.
- ICIS Europe and US spot daily price index falls sharply
- Could be a sign that supply chain issues are easing
- China polymer consumption collapsed Jan-April 2021 compared to previous quarter
- Slowing economy, supply chain issues may be responsible
- China will deflate global chemical prices once supply chains normalise
- International Energy Agency’s Net Zero by 2050 report spells out demise of fossil fuels