Commodities Mentioned:
Ethylene, Propylene, Propylene Oxide, PVC, Polypropylene, Polyethylene, Polystyrene, PET, Lithium, Hydrogen, Natural Gas, NGLs, Crude Oil, Naphtha, Isopropanol, Styrene, Isocyanates, Butanediol, CO2, LNG, LPG, Coal, Silicone, Polysilicon, MEG, EO
Companies Mentioned:
Adidas, Adnoc, Advanced Petchem, Agr International, Air Liquide, AkzoNobel, Albemarle, AST Group, Axalta, BASF, Berry Global, BMW, Bosch, BP, Braskem, Brenntag, CarbonLite, Celanese, Chevron, Clariant, Covestro, CP Chemical, Dow, Drax, DSM, DuPont, Eastman, Energy Transfer Partners, Engie, Enterprise Products, ExxonMobil, FedEx, Flux Power, Formosa, Ganfeng Lithium, GM, Gulf Coast Sequestration, Hexion, Huber, Huntsman, HyEnergy, IFF, IFS Coatings, Indian Oil, Indorama, Ineos, Inter-Pipeline, Kuraray, Laird PM, Lanxess, Lego, LG Energy, Liberty Speciality, Linde, Lindner, Livent, Loews Corp., Lonza, LyondellBasell, McDermott, MEGlobal, Milliken, Mitsui, NextDecade, Nouryon, Novozymes, OCI, Pemex, Petrobras, Plug Power, Posco, PPG, PQ Group, Prada, Pregis, SABIC, Shell, SIIG, Silgan Plastics, SK Innovation, S-Oil, Solvay, SQM, SUEZ, Symrise, Tempur-Sealy, Tesla, Total, Toyobo, Wanhua, Westlake Chemical, Xinte
C-MACC Sunday Recap 57
Big Spender: What To Do With 1H 2021 Windfall Profits
- Determining how much of the commodity market tightness is demand, versus supply chain and inventory issues, versus production constraints poses many challenges. However, it is not difficult to see that commodity chemical producers with production online generate much higher profit than only a few months ago.
- For now, basic chemical and polymer makers have pricing power in most segments – squeezing their customers, striving to push prices higher where they have the flexibility to do so, and contributing to overall product-chain inflation.
- This report discusses more than simply “how long it will last”, as we target what the winners might and, in many cases, should do with excess FCF in the near-to-medium term. Discipline with windfall discretionary cash will be key.
Last week we discussed 26 Chemical and related products and 92 Companies.
See PDF below for all charts, tables and diagrams
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