Regional Solutions To Global Problems Should Be Approached With Caution; Cost Positions Are Key

Key Findings

General Thoughts: From overseas trips presenting our research to clients to expanding the C-MACC/PXi polymer price expectations service, the summer will be busy at C-MACC as we help global clients navigate uncertain times.
Supply Chain/Commodities: The North American petrochemical market has increasingly linked itself to the health of exports, and efforts to support domestic end-product prices could prove harmful for its commodity producers.
Energy/Upstream: We discuss the significant North American natural gas/NGL cost advantage provided to its petrochemical industry relative to Asia and Europe and the rising pull on cheap feedstocks from high-cost regions.
Sustainability/Energy Transition: We are pressing the gas pedal on our hydrogen work, as we will host a webcast led by C-MACC Co-founder Graham Copley on July 2^nd, ahead of other global events and upcoming presentations.
Downstream/Other Chemicals: We flag a few economic indicators suggesting a bit of improvement in Europe and also discuss the recent surge in freight rates that is helping shield Europe from cheap product flows from Asia.