Sunday Thematic & Weekly Recap

Reviving US Manufacturing: Are The Hurdles Too High?
June 4, 2023
Commodities Mentioned:
Plastics, PVC, Polyethylene, Polypropylene, PU, PC, PET, Critical Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha, Waste, Paper, Packaging, PHA, HDPE, PS, Styrene, Electrolyzers, Water, Carbon, Coal, Ammonia, Fossil Fuels, Nuclear, Solar, Wind, Hydro, Nitrous Oxide, Oxygen, Alkali Metals, Lithium, Sodium, Calcium, Synthetic Chemicals, Fuels, Batteries, EVs, CCS
Companies Mentioned:
Formosa Plastics, LyondellBasell, ExxonMobil, Chevron Phillips Chemical, Westlake, SABIC, Oxy, Dow, OCI, Mitsui Chemicals, Methanex, Nutrien, CF Industries, LSB Industries, Yara, Linde, Air Products, Air Liquide, Corteva, PPG, Celanese, Petronas Chemicals, Chevron, Nucor, Petrobras, Sojitz, Next Renewable Fuels, TotalEnergies, Toray Industries, ITOCHU, Neste, Huntsman, LanzaTech, Mol Group, Trinseo, Amcor, Mars, Proctor & Gamble, Eni, Huhtamaki Oyj, Arvand Petrochemical, ConocoPhillips, Unigel, Shell, Ganfeng Lithium, Albemarle, Sumitomo Chemical, Grasim Industries, Posco, General Motors, Jiangsu Sailboat, Azelis, Bodal Chemicals, Jindal Poly Films, Kiri Industries, WE Soda, Siggi’s, Danimer Scientific, Repsol, Constellation, Avantium, NEOM, Aramco, Origin Materials, RWDC, Kumagai, Changsu Industrial, Bluepha, Technip Energies, Nova Chemicals, Enterprise Products, Kinder Morgan, NGL Energy Partners, JERA, Topsoe, DIC, Nexam, Pembina, Marubeni, Rosneft, Arconic, Drax, Norgren, Aptar, PureCycle, Merck, Donaldson, Advanced Auto Parts, Toyota, Ford, Dollar General, Macy’s, BP, Honeywell, Codelco, SQM, Chemours, DuPont, Carbios, Indorama Ventures, BASF, Rio Tinto, Cepsa, Mitsubishi Electric, Orsted, Paragon Films, SMBC, Polymer Resources, Autel Energies, Sinopec, Freeport McMoRan, Umicore, Glencore, Livent

C-MACC Sunday Thematic & Weekly Recap 171

Reviving US Manufacturing: Are The Hurdles Too High?

  • Despite the political consensus that we need more US manufacturing, our metrics display major challenges – US jobs grew in May but outside manufacturing.  
  • Service industry jobs are driving the tight US labor market, and as spending rises with new employment, imports will rise again if domestic manufacturing lags.
  • Manufacturing companies are cutting jobs because of the economic slowdown, but these may not be the skills needed by future IRA and infrastructure initiatives.
  • Dow’s and Petronas’ commentary last week confirmed that markets are recovering slowly, and pricing and margins are weaker – a broad commodity trend.
  • Otherwise, we look at the risk to OPEC+ of not supporting oil pricing now, the extreme weakness in Germany, and challenges in the world of packaging.

Last week we discussed 40 Chemicals and Related Products and 114 Companies.

See PDF below for all charts, tables and diagrams

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