Daily Chemical Reactions

Talk to Me – Chemical Feedstock Length, Green Power Options, Many Topics to Discuss & Events to Join!
March 8, 2024
Commodities Mentioned:
Ethylene, NGL, Helium, Steel, Phenol, Acetone, HDPE, Neomycin Sulphate, Polyethylene, Polypropylene, Coal, Crude Oil, Natural Gas, Hydrogen, Carbon, Lithium, Biofuel
Companies Mentioned:
BP, Cleveland-Cliffs, Chemours, Lotte Chemical, Linde Engineering, Maire Tecnimont, Mitsubishi Gas Chemical, Zeon, CNOOC, Chevron, Petrobras, TC Energy, Vitol, Xcel Energy, Nine Energy Service, Enterprise Products, Aramco. ExxonMobil, Petronas, Agilyx, AmSty, Air Liquide, Amazon, Tesla, Volkswagen, Iberdrola, Mitsubishi, Rivian, TotalEnergies, Sulapac, Yara, ExxonMobil, Oxy, Nutrien, Rubicon, Shin-Etsu, Aramco, ADNOC, Origin Materials

Daily Chemical Reaction

Talk to Me – Chemical Feedstock Length, Green Power Options, Many Topics to Discuss & Events to Join!

Key Findings

  • General Thoughts: C-MACC will host a webcast on March 13 to discuss the development of chemical feedstock markets relative to demand following the recent publication of our white paper on the global ethylene market.
  • Supply Chain/Commodities: We discuss the North American cost advantage in petrochemicals relative to Asia and Europe, flag more Asia Ex-China strategic actions, and Aramco and ADNOC direct lithium extraction ambitions.
  • Energy/Upstream: We discuss US ethane fractionation spread trends at Mont Belvieu, flag European naphtha price premiums to US natural gas, and show a 20+yr history of US natural gas prices to frame current levels.
  • Sustainability/Energy Transition: Issaquena Green Power CEO Graham Copley will attend CERAWeek, March 18-22, in Houston to promote its efforts to produce low-cost, high-capacity-factor river-run hydropower for industry.
  • Downstream/Other Chemicals: Global food prices have fallen YoY, and we highlight price developments in US corn and soy since 2018, including corn returning to pre-COVID levels in 2019 while soy reflects relative strength.

Exhibit 1: C-MACC is hosting the webcast “Too Much Feedstock Not Enough Demand” next week – register HERE.

Source: Bloomberg, C-MACC Analysis, March 2024

See PDF below for all charts, tables and diagrams

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