What does Europe's "gas outage" mean for China's chemical industry?

What does Europe's "gas outage" mean for China's chemical industry?

The indefinite closure of Russia's Nord Stream-1 is setting off a huge wave in the global market.

As the world's second largest chemical production base, the European gas supply crisis caused by this time may affect the supply of related chemicals in Europe. Once the supply of the above chemicals is cut off, a new round of price increases may be imperative. Analysts believe that for China's chemical industry, this is an opportunity for further elevation of global status, and both quantity and quality are expected to be reflected.

Huachuang Securities pointed out in the latest report that in the short term, the cost of chemicals in China and Europe has been greatly differentiated, bringing opportunities for export energy arbitrage to Chinese chemicals; In the long run, European industrial transfer is expected to occur, and China is expected to become the preferred choice with its perfect industrial cluster and raw material guarantee.