PODCAST: Chemicals demand improving but recovery a long way off
Will Beacham
07-Jul-2020
BARCELONA (ICIS)–Although a post-lockdown rebound is boosting demand for chemicals, the industry is a long way from the pre-pandemic levels.
– Improving demand for chemicals, but
weak
– Need to separate rebound from
recovery
– Asia prices did rebound, but are under
pressure over economic concerns
– Dangerous to assume rising oil prices
indicate recovery
– Possibility of another oil price crash
soon
– Future coal-to-chemicals expansions may not
happen as based on high oil price
assumptions
– Methanol-to-olefins and naphtha-based
operators will be under more pressure
– No deal Brexit could see companies
withdrawing from UK market
Listen to this podcast interview with Paul Hodges, chairman at consultancy International eChem, and ICIS Insight Editor Nigel Davis.
Podcast interview by Will Beacham
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