Got A Hold On Me – Energy Transition Metals To Stay Tight, Most Others Face A Holiday Loneliness Fight

Daily Chemical Reaction

Got A Hold On Me – Energy Transition Metals To Stay Tight, Most Others Face A Holiday Loneliness Fight

Key Points:

• We anticipate clean energy materials and fertilizer prices to reflect more support than most commodity chemical market values amid production improvements into 2023.
• We highlight the drop in Brent Crude values relative to natural gas in 4Q22 and the strength in US diesel prices relative to gasoline, among other relevant global trends.
• We discuss the steepness in Asia ethylene production costs relative to the US, partly due to low co-product values, and note recent European polymer price movements.
• We discuss why construction costs for SMRs pose a significant challenge for new nuclear capacity and frame our bullish view of renewable energy certificates demand.
• We discuss the contraction in both the China and US PMI contracted in November and the uptick in US consumer spending in October led by higher durable-goods purchases.

See PDF below for all charts, tables and diagrams