Daily Chemical Reactions

Stir Fry – Energy & Agriculture Markets Tight With Little Sign Of Relief, US Commodity Chemical Profit Headwinds Rise
June 8, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Repsol, Nutrien, CF Industries, Bayer, Plug Power, ExxonMobil, LyondellBasell, Dow, Braskem, Nova Chemicals, CP Chemical, Westlake, Orion Engineered Carbons, Shell, Baystar, PureWest, OMV, Conoco, Trafigura, Brenntag, Target, Conab, Argan, Inc, Kvasir Technologies, Thermore, Schneider Electric, Technip Energies, International Seaways, AstroNova, Dollarama, Foster Farms, Exergy

Daily Chemical Reaction

Stir Fry – Energy & Agriculture Markets Tight With Little Sign Of Relief, US Commodity Chemical Profit Headwinds Rise

Key Points:

  • The global petrochemical production cost curve continues to flatten as USGC ethane values strengthen relative to Ex-US naphtha. We discuss the downward pressure facing US commodity producer profit in late 2Q and flag recent agriculture market trends.
  • We highlight pertinent energy, chemical, and other corporate updates (e.g., Repsol, Nutrien, CF Industries, Orion Engineered Carbons, Plug Power, Bayer, and others).
  • We discuss ESG items ranging from the DOE’s push to develop hydrogen hubs in the US and display recent movements in EU carbon values since 2019. We also highlight our ESG weekly and other related research coverage 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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