Global chemical product market indicators reflect improving availability, suggesting considerable risk amid an energy price surge – the risk facing most markets is sizable.
NW
NW European Natural Gas prices have surged higher following their mid-2H22 flop, a risk we noted in our early 4Q22 research for European chemical production
As worsening business conditions into yearend lower 2023 outlooks, we think money will be made by those making consolidation moves versus those who hide.
Almost
The number of inefficient projects relying on free power or large incentives to drive acceptable projected returns is rising. Operating costs will matter long term!
Global polymer prices, on average, step lower WoW relative to feedstocks, pushing chemical sector profit lower WoW. We discuss why a near-term sector profitability rebound
While COP27 has been characterized by platitudes and agreements in principle, there is a lot more focus on how much money needs to be spent
We expect virgin plastic production improvements will cause greater availability into 2023, while recycled resin markets could reflect relative tightness in the near term.
US
Global polymer values, on average, declined WoW, with US and Asia reflecting more declines than Europe, increasing concerns that a winter-led raw material surge could
We show some commonsense data highlighting the benefits of plastic packaging relative to alternative products, while COP27 agitators miss the true enemy: waste!
Refined products
The public alignment at COP27 likely masks country concerns around how to manage both climate goals and current energy, food, and inflation issues.
Accelerating
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