Cry Me A River – Low US Inland River Water Levels Impede Agriculture & Chemical Product Flows

Daily Chemical Reaction

Cry Me A River – Low US Inland River Water Levels Impede Agriculture & Chemical Product Flows

Key Points:

• We highlight US inland barge traffic congestion due to low river levels as a headwind for agriculture and chemical markets and working in favor of price inflation.
• Low Mississippi river water levels are helping us gauge risk with our Issaquena Green Power project. Our confidence in the viability of the project has not declined.
• We note the price increase of USGC ethane relative to Ex-US naphtha WoW, discuss the TotalEnergies 3Q22 market update, and highlight a few nuclear power stats.
• We discuss the competition between ammonia and methanol as a shipping fuel, and we highlight the expansion in RNG targeting the California transportation market.
• We provide a breakdown of consumer inflationary pressures by end-product category and show estimates supporting the case of falling US homebuyer demand.

See PDF below for all charts, tables and diagrams