PODCAST: Gas surcharges start to fall away as European prices collapse

Will Beacham

28-Mar-2023

BARCELONA (ICIS)–European chemical companies, especially phenol producers, are planning to stop applying energy surcharges as gas prices have fallen to pre-war levels.

  • Energy surcharges started Q4 2021
  • Charges stop applying when gas price hits €25-50/MWh
  • Gas price currently around €40/MWh
  • Europe phenol demand depressed despite lower gas prices
  • Co-product acetone tighter as phenol plants have cut rates or shut
  • Long period of recession, poor demand in prospect
  • Chemical companies can switch to recycling to capture growth

In this Think Tank podcast, Will Beacham interviews ICIS Insight Editor Nigel Davis, ICIS Senior Editor Jane Gibson and Paul Hodges, Chairman of New Normal Consulting.

Click here to listen to the podcast

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

ICIS is organising regular updates to help the industry understand current market trends. Register here .

Read the latest issue of ICIS Chemical Business.

Read Paul Hodges and John Richardson’s ICIS blogs.

READ MORE

Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?