PODCAST: Soaring energy prices disrupt fertilizer, chemical markets

BARCELONA (ICIS)–Rocketing oil and gas prices are putting fertilizer and chemical producers under intense pressure while destroying downstream demand.

• Strong gas demand in H1 means storage is at record low levels
• Fears that fertilizer production cuts could threaten food production
• Fertilizers prices break records
• Rising oil and gas prices push chemical production costs higher
• Geopolitics drives the energy supply crunch, not lack of product
• High energy prices could trigger demand destruction, global recession

In this Think Tank podcast Will Beacham interviews Julia Meehan, ICIS managing editor for fertilizers; Nigel Davis, ICIS Insight editor and Paul Hodges, chairman of New Normal Consulting.

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.

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