Sunday Thematic & Weekly Recap

Cruel Summer: From Weather Extremes to Economic Challenges
July 2, 2023
Commodities Mentioned:
Plastics, PVC, Polyethylene, Polypropylene, PU, PC, PET, Critical Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha, Ammonia, Cobalt, Nickel, Copper, Lithium, PTA, Paraxylene, Glycol, Ethanol, Corn, Soy, Canola, Wind, Solar, Hydro, Nuclear, Geothermal
Companies Mentioned:
Enterprise Products, LyondellBasell, Dow, ExxonMobil, Formosa Plastics, Chevron Phillips Chemical, SABIC, Braskem, CF Industries, Nutrien, Koch Fertilizer, LSB Industries, BASF, Bayer, FMC, Corteva, Yara, Syngenta, Aramco, TotalEnergies, Linde, Wanhua, PPG, Chemtrade, Lonza, Axens, Sayona Mining, Solvay, Sika, Ragnar Metals, Novatek, Thyssenkrupp Nucera, Schnitzer, Hess Midstream, Plug Power, Denbury, Origin Materials, SCG Chemicals, Ineos, Grupa Azoty, Alpek, Idemitsu, Anaconda Systems, Johnson Matthey, Wacker, Arkema, PI Advanced Materials, MOL, Lummus, Maire Tecnimont, Trafigura, Nova Chemicals, Plastic Energy, BHP, Borealis, ASML, General Mills, Ford, Lordstown Motors, BCI Minerals, Highfield Resources, DSM, Petronas, Volvo, Element 1, Envision, BlackRock, Morningstar, Church of England Pension, Shell, bp, Glencore, Vale, Freeport McMoRan, Albemarle, Livent, SQM, Ganfeng Lithium, Tianqi, Verde Bioresins, Gevo, Siemens Energy, Viridi Partners, American Organic Energy, Farmer Business Network, American Vanguard, UPL, Poet Biorefining, Aemetis, ADM, Valero, The Andersons, Green Plains, Ashland, H.B. Fuller, Nouryon, Pertamina, Songwon, Sempra, Piedmont Natural Gas, Constellation Energy, Microsoft, DSM-Firmenich, Goodfuels, Drax, Oxy, Toyota, Westlake, Air Liquide, Lanxess, OMV, Mitsui Chemicals, Pemex, Sinopec, China Three Gorges, IFF, Coromandel International, Avantium, SCGC, Chevron, Envision Plastics, Imerys, NextDecade, Vitol, Tetra Technologies, Micron, Nike, Piñon Midstream

C-MACC Sunday Thematic & Weekly Recap 175

Cruel Summer: From Weather Extremes to Economic Challenges

  • As we end a weakening 1H 2023 we cannot see too many signs that 2H 2023 will provide much relief and it is likely the slide will continue, and depression set in.  
  • While we focus mostly on weak economic and industry signals, weather-related issues are rising as energy dependency on the weather increases as well.
  • There is no proxy for what the chemical and associated industries face for the next 18 months, but the ACC paints a challenging picture: estimates are too high.
  • The weather could challenge conventional thinking on everything from the predictability of renewable power to the values of biofuel and biomaterial inputs.
  • Otherwise, we look at the growing surplus of US NGLs, question what investments will be needed to absorb them, and discuss “weaponized” ESG.

Last week we discussed 31 Chemicals and Related Products and 128 Companies.

See PDF below for all charts, tables and diagrams

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