全球化工行业 - 仍在探寻底部-Global Credit Research_ Global Chemicals_ Still Searching for the Floor
2025-10-19 15:58
FICC Research Credit Research 16 October 2025 Global Chemicals Still Searching for the Floor The global chemicals cycle is weakening beyond prior expectations. The Braskem situation heightens caution for other global petchem credits and the need for additional due diligence and/or a higher risk premium. We assess risks across regions and recommend trades to optimize exposure. Overview • The European problem, BASF's self-help measures and Ineos' underperformance: Europe's chemical sector is losing competitiv ...