Daily Chemical Reactions

Everywhere – Demand & Oversupply Concerns Mount; Cost & Competitive Positions To Gain Greater Focus
November 3, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Westlake, Olin, Shin-Etsu, Orbia, Occidental, Albemarle, Lithium Americas, CF Industries, Nutrien, Trinseo, ExxonMobil, Denbury, Ingevity, Solvay, CVR Energy, Rayonier, Incitec Pivot, Cabot Corporation, Pioneer Natural Resources, OMV, Wood, HEXPOL, Cheniere, ConocoPhillips, Devon Energy, Suncor, Freeport LNG, New Fortress, SK Innovation, Harbour Energy, Uniper, TotalEnergies, Amazon, Apple, NuStar Energy, SolarWinds

Daily Chemical Reaction

Everywhere – Demand & Oversupply Concerns Mount; Cost & Competitive Positions To Gain Greater Focus

Key Points:

  • Near-term global concerns with demand and product oversupply are overtaking the appreciation of cost curves and competitive positioning – this will eventually change.
  • We discuss IEA views of the European natural gas landscape that do not portend well for the health of its chemical industry, and we highlight several energy sector reports.
  • We discuss an assortment of chemical sector reports covering multiple product chains, ranging from Westlake in Chlor-Vinyls to Nutrient and CF Industries in fertilizers.
  • We discuss the Air Products green hydrogen project in New York, the CF Industries green ammonia project in Donaldsonville, and the potential challenges faced by both.
  • Global consumer product affordability headwinds continue to mount, and pessimistic demand views are rising across many markets, which keep our macro concerns high.

See PDF below for all charts, tables and diagrams

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