C-MACC Sunday Thematic & Weekly Recap 67

Betting On New Technology & Storms – Has It Come To This?

  • We weigh the positives and negatives of the recent IEA net-zero report, discuss likely government policy shifts and frame implications for the chemicals sector.
  • An increasing level of evidence displays global length in some commodity chemical chains, suggesting that peak profits for 2021 are likely in 2Q.
  • Unless bad weather intervenes, which may cut more available US production, we see ahead. The first named Atlantic storm of 2021 is already here.
  • Many US polymer prices reflect a premium to Asia, despite the sizable US ties to export demand and rising Asia capacity. US premiums appear set to erode.

Last week we discussed 29 Chemicals and related products and 110 Companies.

See PDF below for all charts, tables and diagrams

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