Sunday Thematic & Weekly Recap

Sales Are Rising in ‘22, But Is It All Price: What About Volume?
May 1, 2022
Commodities Mentioned:
PVC, Polypropylene, Polyethylene, Polyurethane, Polycarbonate, Polystyrene, PET, Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha, Methanol, Wind, Metals, LNG, Renewable Power, Epoxy Resin, Carbon Fiber, Recycled Polymer, Nickel, Lithium, Solar, Renewable Fuels, EVs, Water, Cobalt, Steel, Ethylene, Crops, Graphite, Biofuels
Companies Mentioned:
Dow, INEOS, Nova Chemicals, Borealis, LyondellBasell, CP Chemical, Westlake, ExxonMobil, Axalta, Whirlpool, Sherwin-Williams, Valero, Elementis, Sabic, Sinopec, Sika, Sasol, Saudi Kayan, Linde, Covestro, Maire Tecnimont, Osaka Organic Chemical, Indorama Ventures, Halliburton, Schlumberger, Baker Hughes, Posco Chemical, Woodside, JSR, Bachem, Eneos, Nippon Steel, Vale, Jera, Mitsubishi Heavy Industry, PTTEP, Cleveland-Cliffs, Pertamina, Pentair, Air Products, Albemarle, TC Energy, GreenGasUSA, Masdar, Hexcel, Packaging Corp. of America, Celanese, Alpek, Braskem, Ashland, Shin-Etsu, Formosa Plastics, Occidental, Orbia, Olin, BASF, Pilbara Minerals, Hess, Methanex, Mitsui, Southern Chemical, Natgasoline, Aemetis, Soelect, LG Chemical, Symrise, Sekisui Chemical, S-Oil, Clariant, Reliance, ADNOC, Honeywell, Mitsubishi, LG Energy, Infinium, Inovyn, Encina, EnTech Solutions, Worley, Trinseo, Owens Corning, Wabtec, Trinity Industries, Ryder, Kuehne + Nagel, Advanced Clean Energy, Mitsubishi Power, Sulzer, Siemens Gamesa, Tesla, Vestas, General Electric, Huntsman, Solvay, Axens, Coca-Cola, The Ocean Cleanup, Eastman, Origin Materials, Colgate Palmolive, Trane Technologies, Milliken, Cyclyx International, FCC Environmental Services, Enterprise Products, Oxy, Wanhua, Air Liquide, Bunge, WACKER, MEGlobal, Unilever, Glencore, Neptune, bp, Shell, TotalEnergies, Faurecia, CNX, Gazprom, Uniper, Whitecap Resources, Thyssenkrupp, Avient, Elkem, Element Solutions, Cepsa, Kemira, Piedmont Lithium, PPG, Repsol, TechnipFMC, Lummus, Volkswagen, Ford, Volvo, GM, Boeing, Southwest Airlines, Umicore, Graco, Yara International, Chevron, Range Resources, Eni, Helmerich & Payne, OMV, Phillips 66, PBF Energy, Aramco, Cabot, Avantor, Oriental Energy, Siam Cement Group, Versalis, Neste, Ecovyst, Continental Tire, LSB Industries, Plug Power, CNOOC, Amazon, Apple, Stellantis, Helios Technologies

C-MACC Sunday Thematic & Weekly Recap 116

Sales Are Rising in ‘22, But Is It All Price: What About Volume?

  • Despite a wave of generally strong earnings, both macro data and reports from companies closer to the consumer are more worrying and signal trouble ahead
  • The consumer spending component of US 1Q GDP implies a significant fall in volume in the quarter, which may explain increased signs of inventory builds.
  • With most US manufacturers operating at high rates and imports showing little sign of slowing, a weaker demand second quarter could expose surpluses
  • In Europe things are different but worse, with confidence levels falling, against a backdrop of a rapid increase in inflation – economic growth is weakening daily
  • Otherwise, we look at the winners and losers in 1Q, issues with the wind industry, refining capacity limits in the US, and the strength of the dollar.  

Last week we discussed 33 Chemicals and related products and 164 Companies.

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