Which Way Are You Facing? History May Have No Bearing, So “Eyes Front”

ByPentant

Global Chemicals – Report #1: March 10th, 2025

  • The smarter clients that we deal with at Pentant are those who look to the horizon rather than those who base their views on what they have experienced in the past. 
  • Today, those looking to the horizon see a future that they struggle to understand, except to know that it does not look good, some facing backwards do so because it is less stressful.
  • What to do next requirespulling back to: “what do you believe”?  Whether on demand, tariffs, transition, the competitiveness of China, circularity, oil and gas prices and demand.
  • It is very hard to identify any scenario that is good for the European industry, but almost equal challenges exist in South Korea, Japan, Taiwan, and many others, but not China.
  • At Pentant we focus on themes that we believe will drive profitability and behavior in chemicals and related industries.  As themes play out, we will introduce new ones.

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