Tom Brown

Tom Brown, Insights Editor at ICIS News, delves into the recent US-China tariff pause, shedding light on its implications for the chemical industry. He discusses how this temporary respite allows for resumed business operations while acknowledging that CEOs must strategize for a more protectionist global landscape. Tom analyzes potential spikes in demand and logistical challenges that may arise, alongside SABIC's strategic shifts, including asset sales in Europe and delays in facility upgrades. His insights provide a comprehensive view of the shifting trade dynamics.

Joining the discussion are John Richardson from ICIS, who examines the effects of declining oil prices on chemicals, Paul Hodges of New Normal Consulting, offering insights into the fundamentals driving this downturn, and Tom Brown, ICIS Insight Editor, explaining OPEC's production increase. They highlight how low oil prices could boost petrochemical demand and discuss the implications of China's transition to electric vehicles and the ongoing trade war, which may dampen overall chemical market growth.

In this episode, James Wilson, an ICIS analyst focused on global chemical market forecasts, Tom Brown, Insight Editor and European chemicals commentator, and Paul Hodges, Chairman of New Normal Consulting, explore the increasing protectionism in Europe as the chemical industry anticipates a significant downturn by 2028. They discuss the urgent need for capacity closures to balance oversupply, particularly in ethylene and propylene, and the implications of China's rapid production growth on global markets. The geopolitical landscape and potential trade barriers emerge as critical factors in shaping the future of the industry.

James McLeary, Managing Director of Biffa Polymers, shares insights on the challenges facing the UK recycling sector amid plant closures, emphasizing the need for more support for local initiatives. Tom Brown, ICIS Insight Editor, discusses the EU-US trade deal's impact, revealing how it alleviates some tariff pressures but leaves many questions unanswered. The conversation dives into the potential of the Wilton chemical site for a circular economy and the struggle for workers amid rising competition and regulatory changes.

Join Paul Hodges, a seasoned chemicals commentator, and Tom Brown, insight editor at ICIS European News, as they dive into the chaos of the US-China trade war. They discuss how chemical companies must shift their focus to market identification amidst rising tariffs and evolving economic landscapes. The duo highlights the influx of cheap materials from Asia, the potential recession looming over major economies, and the urgent call for CEOs to strategize within a 90-day window. Tune in for insights on navigating a turbulent market and the impact on global supply chains.