General Thoughts: Energy retracement and post-storm natural gas normalization begin to restore relative cost balance, enabling advantaged producers to outperform, while persistent oversupply constrains pricing
General Thoughts: Energy volatility and weather shocks are shifting margins across chemicals and fuels, as producers with cost advantages and logistics strength outperform. Execution will
General Thoughts: Energy volatility, logistics, and policy shape margins across chemicals, agriculture, and fuels, favoring low-cost, disciplined operators as global markets transition toward execution-driven balance
General Thoughts: Across markets, tighter conditions are mainly driven by higher costs and lingering curtailments, not by demand, as US propylene firms WoW, while early-year
General Thoughts: Early-year chemical spot prices and relative feedstock cost movements suggest that the pace of restructuring and regional return-enhancement efforts will be more decisive
General Thoughts: Depressed global chemical sector growth expectations, co-product erosion, and flattened cost curves make restructuring pace and margin resilience more decisive than demand recovery
General Thoughts: Feedstock convergence is eroding regional cost advantages amid weak demand, leaving supply discipline, not demand recovery, as the clearing mechanism into 2026, keeping
General Thoughts: Chemical feedstock movements drive greater sector margin compression WoW than price shifts, as late 2025 supply adjustments and flatter global cost curves shape
General Thoughts: Chemical feedstock movements impact producer margins WoW more than price movements, as chemical supply shifts in October and November have helped balance most
General Thoughts: Exporting the advantaged US ethane cost position and surplus ethylene amid low oil prices and downstream market oversupply will likely be a bumpy
Sign up below to get updates on our events, publications, and insights—straight to your inbox.
