Sunday Thematic & Weekly Recap

Will Inflation Curb Early Year Demand Strength?
February 6, 2022
Commodities Mentioned:
PVC, Polypropylene, Polyethylene, Polyurethane, Polycarbonate, PET, Clean Energy Minerals, Ethylene, Propylene, Carbon Black, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha, Lithium, Copper, Aluminum, Biofuels, Biomaterials, Corn, Soy, Canola, Crude Oil, Polysilicon, Silicon, RNG, Carbon Fiber, Epoxies, Benzene,
Companies Mentioned:
Westlake Chemical, Shintech, OxyChem, Formosa Plastics, Olin, Dow, Huntsman, BASF, Covestro, CF Industries, Nutrien,, Mosaic, Axalta, PPG, Sherwin-Williams, Enterprise Products, ExxonMobil, Chevron, CP Chemical, LyondellBasell, Valero, Asahi Kasei, Chemanol, PKN Orlen, Grupa Azoty, Lanxess, DSM, Hexion, Styrolution, Sekisui, Neogen Chemical, Graco, Unipetrol, Vertellus, Sumitomo Chemical, OCI, Kumho Petrochemical, Tokuyama, Harima Chemical, Songwon, Ineos, Gevo, Sinopec, Cameron LNG, Nufarm, bp, SABIC, Daicel, Domo Chemicals, Ube Industries, Driftwood LNG, Galp, Marathon Petroleum, Shell, Tellurian, CNOOC, TotalEnergies, Alpek, Ascend, Nippon Kayaku, Henkel, Gurit, Arsenal Capital, ATP Group, Entegris, Exide Industries, Braskem, Nexus Circular, Sempra, Avangard, Danimer Scientific, Amundi, Honeywell, Emerson, Orsted, GM, D.R. Horton, Algonquin Power, Brookfield Renewable Partners, Clearway, Enphase Energy, Fluence Energy, First Solar, NextEra Energy Partners, QuantumScape, SolarEdge, Sunrun, Altus, Array Tech, Atlantia Sustainable Infrastructure, Canadian Solar, Enovix Corp., ESS Tech, FREYR Battery, JinkoSolar, Microvast Holdings, ReNew Energy Global, Shoals Technologies Group, Solid Power, Stem Inc., Sunnova Energy Int., SunPower Corp., American Superconductor, Aqua Metals Inc., Azure Power, Beam Global, Broadwind Energy, CleanSpark Inc., Eos Energy, FTC Solar, Infrastructure and Energy Alternatives, iSun Inc., ReneSola Ltd, Maxeon Solar Tech., Romeo Power, Sunlight Financial Holdings, Eastman, Origin Materials, Aemetis, Ashland, Arakawa Chemical, Berry Global, Borealis, H.B. Fuller, Heranba Chemicals, Nippon Shokubai, Sibur, WACKER, Trafigura, Apollo, Oaktree, Piedmont Lithium, Mitsui Chemicals, Mitsubishi Chemicals, Ensinger, Linde, Pertamina, Croda, Clariant, Amazon, Glencore, Tosoh, Lazard, Nippon Steel, MOL, Corteva, Air Liquide, DCW, Solvay, Kao, ConocoPhillips, Siemens Gamesa, Venture Global, Balaji Amines, Atotech, Coromandel International, Kureha, Nissan Chemical, ArcelorMittal, Eaton, Gorman-Rupp, Alpla, Phillips 66, Umicore, Fortescue, Ford

C-MACC Sunday Thematic & Weekly Recap 104

Will Inflation Curb Early Year Demand Strength?

  • As inflationary conditions persist and governments react to them, prospects for an economic slowdown are rising, but the party may not be over for chemicals yet.
  • Earnings reports discuss significant supply chain dislocations and input cost headwinds, suggesting pent-up demand and the potential for still higher prices.
  • Wind and solar industries face problems meeting demand. Other infrastructure initiatives should keep demand elevated in select end markets, like construction.
  • While oil and gas prices remain high (and in the case of gas, volatile), there is raw material support for chemicals and still a substantial US competitive edge.
  • Otherwise, earnings reports are increasingly leading with ESG initiatives, and we see 2022 as the year where pledges need to morph into plans.

Last week we discussed 32 Chemicals and related products and 166 Companies

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