Episode 1128: Think Tank: More trade barriers, regional isolation could protect Europe, US chemicals
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As EU and US leaders seek to protect regional industries from global oversupply, more trade barriers may protect chemical producers in Europe and the US. - Expect more trade wars, more regional isolation - Chemical industries may be protected from global competition- Companies should bid for EU funding for investments- UBS analysts forecast 4-5% growth in European chemicals volumes this year- Claim end in sight for longest destocking period in 30 years- Europe purchasing manager indices (PMIs) still in decline- Industrial gas consumption rising in Germany - Europe gas prices potentially falling below pre-war average