This Newsroom previously highlighted the crude oil price roller coaster and its impact as well as the rise and rise of petrochemicals and their importance to the crude oil industry. Samsung C&T works with various petrochemicals, trading them directly and finding solutions for suppliers and end-users.
The company is also currently accelerating the growth of its fertilizer business, which dates back to the 1970s, including by expanding target regions and products for sales while strengthening its customer pool.
Regarding clean energy sources, the company continues to make efforts to strengthen partnerships with competent counterparts in the green hydrogen field. It is additionally strengthening its eco-friendly business portfolio in the area of renewables, having developed solar and wind energy projects in North America before broadening its focus to Australia.
Hopefully, we now have a good overview of how numerous commodities and energy sources are expected to fare in 2024. Of course, Samsung C&T traders will be watching for every possible shift in markets within and outside of expectations while playing their part to bolster trade and strengthen supply chains.
Read More: 2024 key commodity market outlook: Part 2