Daily Chemical Reactions

Cruisin’ For A Bruisin’ – Auto Market Consumers Get Run Over, Suppliers Should Buckle Their Safety Belts
September 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:
Celanese, DuPont, BASF, Covestro, Huntsman, Dow, Braskem, Sabic, Lanxess, Ascend Performance Products, LyondellBasell, TotalEnergies, W.R. Grace, Univation, CF Industries, Evonik, EDF Energy, Repsol, Sinopec, ASK Chemicals, Ingevity, Kolon Industries, Thyssenkrupp, Nouryon, SCG Chemicals, Saint-Gobain, Selenis, Solvay, Biotrend Energy, Borealis, ITC Packaging, Brookfield, Enterprise Products, Essar Group, Fluor, CarMax

Daily Chemical Reaction

Cruisin’ For A Bruisin’ – Auto Market Consumers Get Run Over, Suppliers Should Buckle Their Safety Belts

Key Points:

  • Consumer affordability indicators are braking amid rising borrowing costs and low confidence, positioning auto markets to hit a brick wall with chemical suppliers in tow.
  • Lame Duck Oil! Despite high prices and political pressure, the lack of attractive long-term returns is working against capital-intensive investment to boost oil production.
  • We discuss why LyondellBasell’s decision not to restart its Berre, France cracker until 2023 is not surprising. We also flag recent methanol contract postings from Methanex.
  • Government programs intending to spur green power and associated infrastructure continue to mount, and we advise focusing on programs with a competitive edge.
  • We highlight CarMax and Bed Bath & Beyond business updates, continued US Dollar strength relative to other major currencies, and inflation mismanagement in the UK.

See PDF below for all charts, tables and diagrams

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