PODCAST: As panic buying subsides, where next for chemicals?

Author: Will Beacham


BARCELONA (ICIS)--As supply improves in Asia and the US and panic buying eases in some European markets, new ideas are needed to ensure supply chains will be more robust in the future.

  • Change of sentiment in downstream markets as supply eases
  • Panic buying phase may be drawing to a close
  • China economy and chemicals demand growth slow
  • Southeast Asian demand falters, especially India
  • China polyolefins prices falls four weeks in a row
  • Container crisis, semiconductor shortages hurt China exports
  • China's self-sufficiency in high density polyethylene (HDPE), styrene, polypropylene (PP), paraxylene (PX), ethylene glycol (EG) could deflate global prices
  • Chemical companies enjoyed stellar first quarter
  • Prices, volumes, capacity utilisation all up strongly
  • Supply chains need to become more robust

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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.

Interview by Will Beacham