Daily Chemical Reactions

Pause – Commodity Equities May Take A Breather Here, Despite Compelling Long Term Fundamentals
April 29, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
BASF, ExxonMobil, Chevron, Range Resources, Eni, Helmerich & Payne, OMV, ADNOC, Borealis, Phillips 66, PBF Energy, Aramco, Repsol, Sinopec, Cabot, Celanese, Eastman Chemical, Honeywell, LyondellBasell, Dow, Sabic, Avantor, Oriental Energy, Olin, Westlake, Shin-Etsu, Formosa Plastics, Occidental, Siam Cement Group, PPG, Versalis, Neste, Ecovyst, Continental Tire, LSB Industries, Glencore, Sasol, Shell, Plug Power, CNOOC, Amazon, Apple, Stellantis, Helios Technologies

Daily Chemical Reaction

Pause – Commodity Equities May Take A Breather Here, Despite Compelling Long Term Fundamentals

Key Points:

  • US commodity chemicals outperformed YTD, but we think a price/margin pullback among these producers is likely in 2H22. We argue that US specialty sub-sector equities could outperform in this setting amid low expectations.
  • We highlight pertinent energy, chemical, and other corporate updates (e.g., ExxonMobil, LyondellBasell, BASF, Celanese, Olin, Eastman, PBF & others).
  • We discuss relevant ESG items ranging from Ecovyst and Neste renewable product market views for 2Q22 to Europe carbon market developments. We also highlight our latest ESG sector dedicated weekly research in LINK.
  • We discuss numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams

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