Sunday Thematic & Weekly Recap

Ethylene Or Propylene – Who Is Top Gun? Depends Where You Live
May 29, 2022
Commodities Mentioned:
PVC, Polypropylene, Polyethylene, Polyurethane, Polycarbonate, Polystyrene, PET, Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha, Renewable Power, Renewable Fuels, Materials, Crops, Food, Corn, Soybean, Canola, Lithium, Nickel, Fertilizer, Biofuels, Rare Earth Metals, Solar, Wind, Aluminum, Copper, Batteries, EV, Ammonia, Waste Plastic, Ethylene, Gasoline, Coal, Ethanol, SAF
Companies Mentioned:
Nutrien, LSB Industries, CF Industries, Nova Chemicals, Westlake, Dow, LyondellBasell, ExxonMobil, Methanex, Southern Chemical, Natgasoline, Navigator Gas, Wacker, Lithium Americas, Kolon Industries, Nufarm, Enterprise Products, Chevron Phillips Chemical, Chevron, Shell, Talos Energy, Amazon, GE Power, aramco, Petrobras, S-Oil, Unimot, Air Water, Borouge, Incitec Pivot, Nucor, Milliken, Piedmont Lithium, Sumitomo Chemical, Reliance Industries, Evonik, Arafura Resources, Adnoc, Capstone Green Energy, Ineos, Covestro, Albemarle, Johnson Matthey, Worley, Bloom Energy, Toll Brothers, Dick’s Sporting Goods, Halliburton, Baker Hughes, Technip Energies, EnLink, Excelerate Energy, Airbus, BASF, Bunge, Cepsa, Ester Industries, Air Liquide, FREYR Battery, PPG, TotalEnergies, Trafigura, REX American Resources, Best Buy, Nordstrom, Express Inc., Barnes, Siemens Gamesa, Sempra, Avantium Renewable Polymers, Topsoe, Carvana, ProAmpac, Stellantis, Zoom, HSBC, Cefic, VCI, Taro,  CropEnergies, Rystad Energy, SQM, Livent, BHP, Glencore, Freeport McMoRan, Vale, Huntsman, Olin, Denbury, Tesla, Odey, BNY Mellon, Celanese, Venture Global, SABIC, TechnipFMC, DCW, CP Chemical, Santos, Oxy, NextDecade, Freeport LNG, Cameron LNG, Cheniere, POSCO International, Novatek, Vanguard, Kuraray, Linde, Lummus, Clariant, Orion Engineered Carbons, Wood, Carlyle, Borealis, Honeywell, Thyssenkrupp, Repsol, Apple, Deere, Williams-Sonoma, Ashland, Henkel, K+S, Air Products, SCG, Flint Hills, Braskem, Pinnacle Polymers, Crestwood, Pavilion Energy, Pemex, Axalta, bp, DOMO Chemicals, Nexeo Plastics, ACWA Power, OQ, CVR Energy, Interface Polymers, Siemens, Tetra Pak, Ford, Toyota, Crane Holdings, Ford, Gap Inc., Springfield Plastics

C-MACC Sunday Thematic & Weekly Recap 120

Ethylene Or Propylene – Who Is Top Gun? Depends Where You Live

  • US propylene market fundamentals remain at odds with ethylene worldwide and propylene in other regions – trade arbitrages are generally difficult to exploit.
  • The US is not set up for propylene imports, and logistics limit derivative imports, today mostly by high shipping rates from Asia, where surpluses are most acute.
  • US ethylene remains globally competitive, even considering the current higher US natural gas and ethane prices, but there is much less room for maneuver today.
  • We frame and discuss many poor EU decisions on tackling energy needs and transition – moving interdependence from Russia to a likely worse one with China.
  • Otherwise, we look at more concerning economic data (US housing and autos), ethylene exports from the US, and question where the US LNG will come from.

Last week we discussed 40 Chemicals and related products and 148 Companies

See PDF below for all charts, tables and diagrams

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