Russia/ Ukraine conflict: Impact on European Petrochemical markets

The Russia/ Ukraine conflict has sent commodity prices soaring and thrown trade between Russia and Europe markets into disarray, even in energy products. Disruptions have been caused by a combination of sanctions applied to the Russian financial system, physical and logistical disruption to the distribution network, spiraling energy prices, and self-sanctioning on the part of many companies based in countries that have applied sanctions. In this Insight, Wood Mackenzie’s Chemical team provides a run through what the impact of this might be across the European Chemicals sector, looking on a commodity-by-commodity basis.