Episode 979: Think Tank: Gas surcharges start to fall away as European prices collapse

ICIS - chemical podcasts - A podcast by ICIS - chemical podcasts

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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, ICIS added them to price reports Q2 2022-          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