Daily Chemical Reactions

You Make Loving Fun – Prospects for Energy Transition Materials Remain Great, Most Others Face Bad Dates
November 4, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Livent, SQM, Albemarle, Ganfeng Lithium, Glencore, Umicore, Freeport-McMoran, Celanese, BASF, Dow, Huntsman, OCI NV, AdvanSix, Nutrien, CF Industries, CP Chemical, MOL, Kronos, Lanxess, Enterprise Products, Evonik, Orion Engineered Carbons, MEGlobal, Vestas, Penn LNG, Sempra Energy, Fluor, Orsted, Koksan, ArcelorMittal, Trinseo, LyondellBasell, Bloom Energy, BP, AkzoNobel, Transocean, Cheniere, Corteva, Ube Industries

Daily Chemical Reaction

You Make Loving Fun – Prospects for Energy Transition Materials Remain Great, Most Others Face Bad Dates

Key Points:

  • Most commodity chemicals face substantial downward price pressure in 4Q22. We discuss why clean energy materials and fertilizers will reflect more support than most.
  • We discuss Ineos sending more ethane cargos to Europe and a WoW bounce in natural gas prices in Europe after recently hitting a YTD low, among other relevant trends.
  • We flag takeaways from the Huntsman, Celanese, and AdvanSix 3Q22 earnings calls, and discuss constructive fertilizer and methanol market commentary from OCI NV.
  • We highlight recycled resin price weakness in Europe, note new tax credits in Canada for hydrogen producers, and discuss alternatives for gas-fired power plants in the US.
  • We discuss auto inventory trends, highlight European auto manufacturer sentiment estimates, and provide a few takeaways from North American rail traffic movements.

See PDF below for all charts, tables and diagrams

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