Daily Chemical Reactions

Stormy Weather – Global Business Updates Point To Cloudy Conditions, Even If There Are No Surprises
October 28, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, LyondellBasell, Eastman Chemical, Yasuhara Chemical, Lotte Chemical, Daito Chemix, Mitsubishi Gas, Tokuyama, PetroChina, Hanwha Solutions, Lynas, Denbury, Issaquena Green Power, Tata Chemicals, Wacker, Repsol, TotalEnergies, Dorf Ketal, Canpotex, Hess, Shell, Pavilion Energy, ExxonMobil, Macquarie, Mitsubishi Electric, Imperial Oil, Chevron, First Solar, Equinor, Vestas, Honeywell, Valero, Glencore, Pengerang Refining, Versalis, PepsiCo, Amazon

Daily Chemical Reaction

Stormy Weather – Global Business Updates Point To Cloudy Conditions, Even If There Are No Surprises

Key Points:

  • We foresee downward pressure on global average polymer prices persisting into year-end 2022, absent major supply chain, logistic, and/or energy market disruptions.
  • We agree with the message sent by ExxonMobil to European leadership today, noting disincentives to drive investment in many items that would boost its energy security.
  • We highlight numerous 3Q22 earnings reports and discuss LyondellBasell and Eastman results and forward commentary. We also flag a few major commodity market trends.
  • We discuss the BP acquisition of Archaea Energy to further its clean product growth ambitions, Dow’s circular and recycled product targets for 2030, and other updates.
  • We note Amazon views on holiday sales, display the downward trend in US pending home sales, and find German price hike expectations are falling into year-end.

See PDF below for all charts, tables and diagrams

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