Wholesale gas prices in the Netherlands and the UK have risen 20 percent recently amid concerns about Russian supplies.
The EU plans to cut its dependence on Russian gas by two-thirds this year and stop importing Russian fossil fuels by 2027. Russia exported about 155 billion cubic meters of gas to the EU in 2021.
The US recently said it would try to supply 15bn cubic meters of LNG to the EU this year. U.S. LNG plants are running at full capacity, and analysts say much of the extra gas the U.S. sends to Europe comes from what should have been exported elsewhere.
The German government called Russia "an unreliable energy supplier". Even though the German government claimed that they have been preparing for the situation for a long time that Russia may stop sending gas one day, experts say it is hard for the EU to replace all of Russia's gas exports any time soon.
The supply and prices of many products in the global market like the PP fiber will continue to be influenced by international situations.
At a regular press conference held by the Ministry of Commerce on March 31, a media question was raised: The COVID-19 outbreak has led to the shutdown of production in many parts of China. What impact will it have on China's foreign trade enterprises as a whole and micro, small and medium-sized foreign trade enterprises?
In this regard, the Spokesperson of the Ministry of Commerce said that the Ministry is closely following the impact of the epidemic on foreign trade enterprises, especially small, medium and micro foreign trade enterprises. As far as we can see, some foreign trade enterprises are affected by the epidemic and are faced with periodic problems in production and operation, logistics and transportation. At the same time, problems such as rising raw material costs, slow cross-border shipping and supply chain bottlenecks have yet to be fundamentally alleviated, and foreign trade enterprises, micro, small and medium-sized enterprises in particular, still face considerable operating pressure. The price of PP fiber operated by foreign trade enterprises will also fluctuate with the changes of the epidemic. Contact us for the latest quotation on PP fiber.
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