Chemicals and liquefied natural gas (LNG) players are switching from global to a more regional approach to their markets as logistics challenges caused by the Red Sea attacks and Panama Canal drought persist.
- Red Sea disruption may not end until 2025
- Some US chemical prices rising as Panama Canal restrictions continue
- Poor downstream demand caps increases
- Europe isocyanates and polyols react to logistics pressures
- Margins rising for European producers as purchasers switch to local sourcing
- LNG prices are falling despite logistics disruption
- LNG markets now becoming more regional
- LNG globally expected to be oversupplied by 2027/8 as wave of new capacity starts up
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