“Twenty Dollar Nose Bleed” – New Highs For Prices, But Likely Not For Demand Or Profit Margins

Daily Chemical Reaction

“Twenty Dollar Nose Bleed” – New Highs For Prices, But Likely Not For Demand Or Profit Margins

Key Points:

• March-quarter business reports highlight considerable cost inflation and emerging signs of end-market demand moderation. Macro indicators and our other analysis and relevant data points lift our concerns.
• We highlight pertinent energy, chemical, and other corporate updates (e.g., Sherwin-Williams, Whirlpool, Axalta, Elementis, Valero, Ecolab, others). We also highlight several global supply chain developments worth consideration.
• We discuss relevant ESG items, ranging from Coca-Cola’s views on cutting plastic waste and its carbon footprint to global new wind capacity growth.
• We discuss numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams