Europe chemicals prices could fall 10-20% in April after crude crash, coronavirus fears

摘要

LONDON (ICIS)--European chemicals prices could fall as much as 20% in April after the collapse in crude oil prices on Monday and prevailing fears over the impact of the coronavirus outbreak on global economic growth and supply chains, according to ICIS analysis. The impact of a collapse in production cut talks between OPEC and key partner country Russia late on Friday made itself fully felt on Monday morning, triggering huge drops in crude and stock market prices when markets opened in Asia and Europe.