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