Energy shortage, the weather is "to blame" - the challenge of European enterprises intensifies

This year, the summer in Europe has been quite remarkable

cost concerns

The recent surge in electricity prices in France has drawn attention

In addition, hot and dry weather in Western and Central Europe has already led to a significant drop in the water level of the Rhine

In addition to the water level of the Rhine, the water level and water temperature of the main water transport routes in Europe are also closely monitored

Market intelligence agency warns

Although German companies say that the water level of the Rhine has not affected their operations, some market information agencies have reported the impact of the Rhine on the market and issued warnings about the future trend

S&P Global said European butadiene prices were rising on the back of strong export demand and tight supply

In response to the more impacted olefins market, sources at S&P Global said that the drop in the Rhine has so far had little direct impact on the European ethylene market

Chemical companies are starting to respond

Currently, chemical companies in Europe are dealing with additional problems caused by the above problems

Among them, gas and electricity costs are the most worrying issues at present

In Germany, the pressure on Rhine transport is already starting to show

Evonik Industries said it is using additionally rented boats and trucks to meet transportation needs, and there are currently no significant restrictions on the logistics chain and the factory is operating normally