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.
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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