Europe petrochemicals brace for a winter of discontent

Overview:

Europe’s petrochemical sector is preparing for a tough winter ahead, battered by collapsing demand, soaring energy costs which are eroding its competitive position, and the possibility of natural gas rationing.

Key points include:
• Impact of soaring gas prices on Europe’s chemicals and fertilizers
• Analysis of chemicals hurt by high gas prices and the ones with most exposure to gas and electricity price
• Low-priced exports reaching Europe putting further pressure on European prices

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