Article
These Consumer Goods Could Be First To Vanish As "Supply Shock" Disrupts Asian Factories
These Consumer Goods Could Be First To Vanish As "Supply Shock" Disrupts Asian Factories
Goldman analysts warned that the petrochemical supply shock sweeping across Asia is now morphing into a full-blown COGS shock, hitting a range of industries with factories across the region. The immediate consequence is that manufacturers - from sofa makers to apparel producers - are being forced to dial back production and, in some cases, idle plants altogether as soaring petrochemical-linked input costs drive up the price of plastics and other key materials.
In the note "Petrochemical...
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Asia Burns More Coal As Middle East War Sends LNG Prices to 3-Year Highs
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Submitted by Tsvetana Paraskova of OilPrice.com,
Coal is back with a bang in Asia’s power generation, as countries scramble to contain the LNG supply shortage due to the war in the Middle East.
Coal hasn’t really left most Asian economies, which rely on the fuel for much of their power generation. Amid the squeeze of natural gas supply due to the de facto closed Strait of Hormuz and the sky-rocketing LNG prices that few buyers in Asia can...
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