As of Feb 9, 2026, European natural gas futures have jumped 4.5% following unplanned outages in North Sea infrastructure. Concurrently, the transition to green hydrogen is causing temporary imbalances in industrial power grids, leading to higher surcharges for heavy energy consumers.
Global petrochemical producers are facing margin compression as naphtha prices follow the upward trend of Brent crude. Logistical bottlenecks in the Red Sea continue to delay shipments of specialty resins, forcing buyers to seek higher-cost local alternatives.
Heavy monsoon rains in Western Australia have slowed iron ore exports, causing global spot prices to rise. Additionally, new carbon-border tariffs taking effect this quarter are inflating the price of "green steel" across the EU and North America.
Disruptions in global potash and phosphate trade have triggered a 12% increase in fertilizer costs within the last 24 hours. This is expected to impact spring planting decisions in the Northern Hemisphere, potentially leading to lower yields and higher grain futures.