PODCAST: record prices for Europe chemicals show crisis is not over yet

Will Beacham

09-Nov-2021

BARCELONA (ICIS)–Record-breaking prices for some European chemicals show that pandemic-related market and supply-chain trends are still disrupting chemical markets.

  • New record prices for Europe epoxy resins, titanium dioxide (TiO2) contracts, spot polyethylene terephthalate (PET), butanediol (BDO) and acetone methyl methacrylate (MMA)
  • Driven by production issues, a lack of Asian imports, shipping costs, energy prices, feedstock costs, strong demand
  • Stocks still low along some supply chains, signs of panic buying
  • strong construction outweighs weak automotive demand
  • Danger that high prices could destroy demand
  • Asia polyolefins suffering low prices, negative margins
  • Supply-chain disruption means more regionalisation of markets
  • Global carbon price needed to force low-carbon shift

In this Think Tank podcast, Will Beacham interviews ICIS senior editor Heidi Finch, ICIS Insight editor Nigel Davis and ICIS senior consultant Asia John Richardson

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.

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