By and large, the Chemicals sector is experiencing favorable demand and pricing which is offsetting high input costs. We expect prices for commodity chemicals to weaken in the back half of 2022 and into 2023 as demand weakens and additional supply from the U.S. and Asia begins to hit the market. However, we don’t expect material rating actions, given many of the issuers have reduced debt to withstand industry cycles.
S&P Global Ratings
Managing Director, Team Leader, Oil & Gas
S&P Global Ratings
Director, Pod Leader