Daily Chemical Reactions

Bejeweled – Critical Mineral Market Optimism Remains High Despite Price Pullback, Will Supply Be There?
May 3, 2023
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Albemarle, Livent, Freeport-McMoRan, Ashland, Avient, Axalta, Bunge, Capstone Copper, DCM Shriram, IMCD, Johnson Matthey, LSB Industries, Messer, Polynt, Posco, BASF, Shell, Crescent Energy, Energy Transfer, Exelon, Borealis, Murphy Oil, ONEOK, ExxonMobil, CF Industries, Dow, Ingevity, Ineos, TechnipFMC, ProPetro, Phillips 66, Neste, FulcrumAir, UFP Industries, Builders FirstSource, Westlake Chemical , Pertamina, Tellurian

Daily Chemical Reaction

Bejeweled – Critical Mineral Market Optimism Remains High Despite Price Pullback, Will Supply Be There?

Key Points:

  • The C-MACC Clean Energy Minerals Monthly Price Index fell ~6% MoM in April to reflect a 34% lower YTD level, with falling lithium values being a chief driver amid loosening market conditions.
  • Phillips 66 reports 1Q23 results, highlighting another strong refinery result quarter reflected in most peer reports – we discuss US refinery margin trends and our generally constructive outlook.
  • We discuss critical mineral producer reports painting positive price outlooks while most other commodity markets foresee weakness ahead – production growth remains a wild card for both.
  • We highlight Energy Transfer goals for its alternative energy group, which provided an update with its 1Q result presentation, while many peers lack similar commentary with their 1Q results.
  • We highlight Axalta auto market expectations and broaden our scope to note the consensus view that input cost inflation will reverse or moderate for chemical buyers/upgraders in 2H23.

See PDF below for all charts, tables and diagrams


Contact us to subscribe to our services and gain access to full content.

Request A Free Trial