Dow Is a Net Beneficiary of US-Iran-Conflict-Driven Supply Disruption

Most of Dow’s owned production capacity resides in North America, where it benefits from low-cost natural gas-based feedstocks. This allows Dow to share an edge with other North American producers, generally outcompeting its international counterparts, who rely on higher-cost crude oil-based feedstocks to make the same products. Commodity chemicals are generally priced off the marginal cost of production, which is linked to crude oil-based production.