Sunday Thematic & Weekly Recap

Safe European Home: A Clash Without More Support For Chemicals
July 30, 2023
Commodities Mentioned:
Plastics, PVC, Polyethylene, Polypropylene, PU, PC, PET, Critical Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha, Steel, Aluminum, Industrial Gases, Electric Power, Nuclear, Solar Modules, Corn, Sugar Cane, Soy
Companies Mentioned:
ExxonMobil, OMV, Shell, LyondellBasell, Dow, Formosa plastics, Westlake, Oxy, CF Industries, Nutrien, Koch Fertilizer, AkzoNobel, Sherwin-Williams, Croda, Stavian, Hexcel, Braskem, Bayer, Ineos, ADM, Vertex Energy, LG Chem, Sabic, Herc Holdings, Packaging Corporation of America, Bloom Energy, Valia Energía, TotalEnergies, Kinder Morgan, Advanced Petrochemical, Aramco, EDF, BP, Nucor, Cleveland-Cliffs, Jera, Unilever, Attero, Nestle, PPG, Posco, Hess Midstream, Pulte Homes, Versalis, Pemex, Methanex, OCI, Petronas, Mitsui, Celanese, Albemarle, Ashland, Asian Paints, Sasol, Enterprise Products, Allkem, Röhm, Equinor, Old Dominion, Owens Corning, Rio Tinto, Sumitomo, Taiyo Oil, Repsol, WM, Range Resources, Evonik, Toshiba Materials, Silgan, Stellantis, GM, Proctor & Gamble, EDP, Crane Company, Boeing, GE, Coca-Cola, Shin-Etsu, Orbia, Olin, Asahi Kasei, Wacker, Air Liquide, Fluor, DCM Shriram, Deepak Fertilisers & Petrochemicals, SCG Chemicals, Element Solutions, Stepan, Chemours, Piedmont Lithium, New Market, Ecopol, Li-Cycle, TechnipFMC, LSB Industries, Valero Energy, Forsee Power, Coterra Energy, Chemed, Mitsui Chemicals, Idemitsu, Tata Steel, RPM, Lotte Chemical, Air Products, Linde, Denbury, Eastman, Arkema, BASF, Sekisui, Coromandel International, Zeon, Hanwha Solution, S-Oil, Songwon, Infineon, SolarEdge, K+S, Honeywell, Elementis, Tronox, Tokuyama, Avient, Clariant, Ishihara Chemical, Mitsubishi Electric, Mitsubishi Power, Hess, First Solar, Avangrid

C-MACC Sunday Thematic & Weekly Recap 179

Safe European Home: A Clash Without More Support For Chemicals

  • We will work through several themes from this quarter’s earnings reports over the coming weeks, China is the standout, but Europe is much more worrying.
  • Demand has shrunk in Europe, and its costs are uncompetitive, profits are low, and, in many cases, are negative. Producers are putting on a brave face for now.   
  • The region with the least cash is under the most pressure to decarbonize, and the EU and the UK need to become more protectionist to keep industries afloat.
  • In our CMA panel (below), we will discuss how some routes to decarbonization can move forward without bankrupting parts/regions of the chemical sector.
  • Otherwise, we look at the different fortunes of the different chemical sub-sectors, too much optimism for 2024, how to goose hydrogen, and climate panic.

Announcing an upcoming session led by C-MACC at the CMA World Chemical Forum – Panelists to be announced

Last week we discussed 23 Chemicals and Related Products and 133 Companies.

See PDF below for all charts, tables and diagrams

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