Newsletter - October
Market Updates
• Natural Gas and Propane are experiencing seven-year record highs, IHS Markit Ltd. Reports potential propane “Armageddon” on high prices & dearth supply
• Chinese chemical manufacturers experienced unprecedented power cuts as government strives to meet energy targets (consumption and intensity)
• Shipping bottlenecks, “containergeddon,” labor and driver shortages, Covid-related closures contribute to higher shipping costs and inflation
• Demand is still very strong, satisfying it despite the obstacles of rising costs and limited supply remain the focus.