C-MACC Sunday Recap
Global Climate Change and ESG Voices To Get Even Louder, Recent Chemical Strength Peaking In Volume
- This week we published Perspectives research on ESG investing and climate change, which are connected but a little different, in that the climate change lobby has a lot more consistent data to work with then the ESG crowd – for now. We will follow this research with work during the next few weeks that targets “the Hydrogen Economy” and plastics recycling – both of which are evolving quickly.
- The November election in the US could alter the terrain for the subjects outlined above – probably under the umbrella of emission reductions and pollution more broadly, but even if the politics remain unchanged in 2021, public and stakeholder pressure will likely have an increasing impact and any corporate who ignores this development faces a greater risk of falling equity values and more expensive debt.
- This week we continued to see Laura driven spikes in polymer prices as production remained curtailed in the Lake Charles area – mainly because of power issues. With feedstock costs also lower MoM – again because of Laura driven demand cutbacks, Sept. will give (short term) windfall profits to the polyethylene and polypropylene producers operating. But sharp reversals likely lie ahead.
This week and limited news flow we discussed 32 Chemical and related products and a record 90 Companies
See PDF below for all charts