Daily Chemical Reactions

Maybe We Need Another Hero – Western Economies Remain in Thunderdome, New BASF Supercomputer Set For Battle
May 25, 2023
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
BASF, ExxonMobil, LyondellBasell, Sinopec, PetroChina, Chevron, LSB Industries, Amogy, Arlanxeo, Nippon Shokubai, Wacker, Rayonier Advanced Materials, LANXESS, Dow, New Energy Blue, Chord Energy, Nouryon, McDermott, Trinseo, Johnson Matthey, Chemours, Energinet, Evida, PPG, Aker BP, Veolia, ML Polyolefins, Brenntag, TotalEnergies, Changsu Industrial, PureCycle, Kolibri Global Energy, Ofgem, Shell, Galaxy Surfactants, Stellantis

Daily Chemical Reaction

Maybe We Need Another Hero – Western Economies Remain in Thunderdome, New BASF Supercomputer Set For Battle

Key Points:

  • Consensus Asia consumer price inflation expectations for 2023 have fallen in May relative to the US and Eurozone, suggesting it will benefit from lower inflation for a third consecutive year.
  •  We highlight the significant ramp-up in clean energy investment relative to fossil fuels, as shown in the IEA World Energy Investment report – a trend benefiting China relative to the US.
  • We discuss the build-out of critical mineral supply chains, where China holds a leadership role relative to Western markets, implying supply chain risk surround many Western net-zero targets.
  • We flag the push at Dow for bio-based ethylene cracker feedstocks, the launch of the new BASF supercomputer, and the global reach of Nippon Shokubai in acrylics and super absorbents.
  • We highlight the recessionary conditions facing Germany, the significant food inflation that the country has seen during the past six months, and its falling export product market expectations.

See PDF below for all charts, tables and diagrams


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