German Chemical Industry Association (VCI) says higher energy costs will have to be passed on to customers, adding that higher prices will dampen demand

German Chemical Industry Association (VCI) says higher energy costs will have to be passed on to customers, adding that higher prices will dampen demand.

The German Chemical Industry Association's statement highlights significant cost pressures due to rising energy prices, indicating that these costs will be transferred to customers. This could lead to higher prices for chemical products, dampening demand—a critical concern for inflation dynamics and overall economic activity in Germany and the EU. Traders should monitor potential impacts on commodity prices and broader economic sentiment as these trends develop.