Sunday Thematic & Weekly Recap

Show Me The Way: Guidance Will Be More Challenging This Time
October 8, 2023
Commodities Mentioned:
Plastics, PVC, Polyethylene, Polypropylene, PU, PC, PET, Critical Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha, Ethane, Methanol, Lithium, Ammonia, RNG, Biofuels, Nickel, Nuclear Power, ABS, Batteries, EVs, Wind, Solar, Water, Materials, Clean Energy Minerals
Companies Mentioned:
Nutrien, CF Industries, LSB Industries, KOCH Fertilizer, Yara, Petronas, PPG, Axalta, LyondellBasell, Borealis, TotalEnergies, Baystar, Shell, Solvay, Dow, LanzaTech, Entegris, Fujifilm, LCY Chemical, Lanxess, Lithium Americas, Minerals Technologies, Albemarle, Sadara, Johnson Matthey, Grupa Azoty, TPC Group, Shin-Etsu, Solenis, ADNOC, OQ Methanol, Occidental, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Tosoh, Electra, Airbus, Chesapeake Energy, Louis Dreyfus, Hystar, Korea Zinc, Wintershall DEA, BASF, Saint-Gobain, Kem One, E3 Lithium, Electric Hydrogen, Methanex, Maersk, C2X, Borouge, Bayer, FMC, Freepoint, Inter Pipeline, Palmdale Oil, DKSH, OMV, Wood, RPM, Air Water, American Gas Products, Carbon Recycling Int., Jiangsu Sailboat, Repsol, Honeywell, Sonatrach, Aramco, Hertz Lithium, Macquarie, MOL, EDF Renewables, ExxonMobil, Reliance Industries, Lubrizol, International Process Plants, KBR, New Fortress, ENEOS, BHP, Glencore, A.P. Moller, Nan Ya Plastics, Pemex, Sumitomo Metal, SK Capital, Milestone Environmental, Toray, Pidilite Industries, Chevron, Idemitsu, Taiwan Fertilizer, Freeport LNG, HIF Global, PetroVietnam, Signode, TSMC, LG Energy, Westlake, EVLO, Lightning eMotors, Evonik, Umicore, Lonza, Unigel, Lafarge Canada, RecycLiCo, Zenith Chemicals, ADM, Syngenta, Livent, Li-Cycle, Lego, Stolt-Nielsen, Trafigura, Revalyu, Bunge, Viterra, Fluor, NextEra, Mitsui OSK Lines, BP, Archaea Energy, Civitas, Technip Energies, Keyera, Standard Power, NuScale, Greenland Resources, Kolibri Global Energy, Idemitsu Kosan, Invista, Flowserve, Rivian, Tesla, VinFast, Thyssenkrupp Nucera

C-MACC Sunday Thematic & Weekly Recap 189

Show Me The Way: Guidance Will Be More Challenging This Time

  • As earnings season approaches, many companies are likely trying to determine what to say – demand and over-capacity are key, as are energy and oil prices.
  • Over the last 12 weeks, oil prices have moved up 20% and then down over 10% in a few days; do companies expecting energy support for pricing need to rethink?
  • Chemical company valuations are not high, but most have not reacted to either the decline in margins or weaker economic forecasts – that may be ahead.
  • But not everything is bad, and ammonia is bucking the negative trend, moving back toward a pricing range that will support new blue and green investments.
  • Otherwise, we look at the terrible shipping market – good for shippers, slowing manufacturing growth, polypropylene closures, and why RED III could hurt Europe.

Last week, we discussed 29 Chemicals and Related Products and 138 Companies.

See PDF below for all charts, tables and diagrams

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