Episode 1133: Think Tank: How Red Sea, Panama Canal troubles influence chemicals, LNG

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