FEATURE: European chemical, resins producers expect reduced 2024 term contracts

European ethylene derivative producers are expected to see a significant reduction in 2024 contractual commitments, due to the wide disparity between spot and contract pricing in 2023 and expectations that demand will remain weak into the new year. The wide gap between industry-settled contract pricing and spot market levels, combined with the volatility in upstream markets and higher feedstock costs,…European ethylene derivative producers are expected to see a significant reduction in 2024 contractual commitments, due to the wide disparity between spot and contract pricing in 2023 and expectations that demand will remain weak into the new year. The wide gap between industry-settled contract pricing and spot market levels, combined with the volatility in upstream markets and higher feedstock costs,…  Read More