Sunday Thematic & Weekly Recap

Struggles in Europe Limit Downside Risk For US Polymer Prices
August 21, 2022
Commodities Mentioned:
PVC, Polypropylene, Polyethylene, Polyurethane, Polycarbonate, Polystyrene, PET, Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha, Lithium, Copper, Solar Panels, Wind Turbines, Uranium, Coal, Ammonia, Renewable Power, Industrial Gas, Fossil Fuels, LNG, Battery, EVs, Methane, RNG, Oil, Nuclear Energy, Plastics, Glass, Synthetic Fiber, Synthetic Rubber, Carbon
Companies Mentioned:
LyondellBasell, Dow, ExxonMobil, CP Chemical, Formosa Plastics, Westlake, Nutrien, CF Industries, LSB Industries, Braskem, Pinnacle Polymers, Aramco, BHP, Sinopec, Archaea Energy, Henkel, Avient, Petrobras, Altus Power, Apex Clean Energy, Plug Power, Rio Tinto, McDermott, LG Chem, ADM, Uniper, Sasol, Orica, Osaka Organic Chem, Songwon, Weardale Lithium, Stratasys, Weber, CBL Properties, Walmart, Home Depot, Talos Energy, Bloom Energy, Koch, Chemours, Anaergia, Colonial Chemical, Evonik, BYD, Baker Hughes, Merck, Kaneka, Showa Denko, Wood, Mitsui Chemicals, Teijin, BASF, Rongsheng Petrochemical, Rompetrol, Norge Mining, Plains Midstream, Tidewater Midstream, ICL Group, Cero Generation, Ameresco, Sunel, Liberty Energy, Capstone Green Energy, Andritz, Epsilyte, Advent Technologies, U.S. Steel, Equinor, Shell, Lotte Chem, Sunrun, Air Products, Linde, Air Liquide, The Mosaic Company, Yara International, Hy Stor, Phillips 66, Tevva, Monolith, Albemarle, Fulcrum Bioenergy, Summit Carbon Solutions, Navigator, Aker Carbon Capture, Talos, NuScale, X-energy, Occidental, Shin-Etsu, Olin, Babcock & Wilcox, LSI Industries, DCP Midstream, North American Helium, Svante, ProAmpac, SK Innovation, Amcor, Tatneft, EDF Renewables, Chevron, YPF, SQM, Livent, Lithium Americas, Ganfeng Lithium, NRG Energy, Gevo, Mitsui & Co., Laredo Petroleum, Fusion Fuel, Origin, Exelon, Brenntag, Navigator Holdings, Enterprise Products, Enbridge, Northern Oil & Gas, PrimeEnergy Resources, Nestlé, Krones, Nova Chemicals, Marathon Petroluem, Santos, Azelis, Deepak Fertilisers, Jera, LG Energy Solution, Yara, Equinior, Fisker, Westwater Resources, Deere, J.B. Hunt, Maersk, Tosoh

C-MACC Sunday Thematic & Weekly Recap 131

Struggles in Europe Limit Downside Risk For US Polymer Prices

  • European polymer prices have spiked because local production has fallen more than moderating demand in some end-use sectors, a plus for US polymer exports.
  • The shortages come amid rising US surpluses and falling prices, and whether more opportunities to increase flows to Europe will matter remains to be seen.  
  • The US surpluses could still increase if an economic slowdown hits local demand and weakness in other export markets outside Europe, notably in Asia, is severe.
  • Lower freight costs will also complicate the picture as they open up global markets to surpluses in Asia – regardless, Europe should find the polymers it needs.
  • Otherwise, we discuss the various demand signals, global ag market strength and resilience, and the future of hydrogen, housing, and oil industry spending.

Last week we discussed 34 Chemicals and related products and 137 Companies.

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