Commodities Mentioned:
Plastics, PVC, Polyethylene, Polypropylene, PU, PC, PET, Critical Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha, Methanol, Ammonia, Butadiene, Ethylene, Nuclear, Geothermal, Hydropower, Wind, Solar, Biomaterials, Waste, Recycled Polymer, RNG, LNG, Water
Companies Mentioned:
LyondellBasell, Dow, Nova Chemicals, INEOS, ExxonMobil, Enterprise Products, Navigator Holdings, Aramco, Rongsheng Petrochemical, Sinopec, SABIC, Borouge, Li-Cycle, Albemarle, Liontown, Synthomer, Renewcell, Hasa, Technip Energies, Agilyx, OCI, Adnoc, European Lithium, Idemitsu Kosan, W.R. Grace, Croda, Sulzer Chemtech, Energy Transfer, ConocoPhillips, Methanex, Petrobras, Indorama, Mitsui Chemicals, Evonik, Rock Tech Lithium, BP, OQ Chemicals, ABB, Parason, Harita Nickel, Southern Chemical, Natgasoline, Mitsui Chemical, Celanese, SQM, Livent, Lithium Americas, Ganfeng Lithium, Shell, S-Oil, EEW Energy, Origin Materials, Hyosung Advanced Materials, BASF, Mitsubishi Gas Chemical, Trinseo, Lucid, Air Products, Iberdrola, CNOOC, Testla, BYD, Crescent Point, Lonza, WeylChem, AFC Energy, Blackrock, MSCI, Chevron, Chevron Phillips Chemical, Cheniere, Total, Altus Power, Enviva, Encina, Shaw Industries, X-Energy, Wacker, DC Energy, Oberon Fuels, Kraton, Sayona Mining, Piedmont Lithium, Pilbara Minerals, Grupa Azoty, LG Chem, Highfield Resources, BAE Systems, iSun, EVgo, TSMC, Clean Harbors, Stolt-Nielsen, H.B. Fuller, Fortum, Cargill, Ford, Tesla, Yara, Enbridge, Yulong Petrochemical, ADM, Clariant, Toyobo, Arianne Phosphate, PetroChina, Jera, TPC Group, Venture Global, Freeport LNG, Umicore, Vitol, ArcelorMittal, Pupuk Indonesia, Svante, Honeywell, Advent Technologies, Rio Tinto, First Quantum Minerals, DRAX, GE, Siemens Gamesa, Nordex, Vestas, Valero, Chesapeake, Lummus, Westinghouse
C-MACC Sunday Thematic & Weekly Recap 162
What Could Save The Day For Chemicals – Stimulus or Trauma?
- Supply running well ahead of demand is the current challenge for basic chemicals globally, but the world cannot afford another round of stimulus to help.
- Past downturns have had to be severe and prolonged to drive significant capacity closures, although these may happen more quickly in Europe this time.
- Incremental news suggests that 2023 is unlikely to show strong growth – China data is already disappointing, and consumer spending elsewhere is slowing.
- We evaluate some of the recent weakness in prices – in part energy driven but also driven by weak demand – but note the high margins in the US.
- We open pandora’s box on ESG investing, trying to add some common sense to the very partisan rhetoric today, but likely making few friends.
Last week we discussed 29 Chemicals and Related Products and 128 Companies.
See PDF below for all charts, tables and diagrams
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