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Latest Reports

 

Our most recent publications are summarized in the blocks below and a more complete list can be found to the right of the blocks. Please call us with any questions.

Be-Laboring The Point Of Worker Shortages

The US faces short- and long-term labor challenges, an issue that is prevalent in other regions and globally ranks behind only COVID and inflation in CEO worries.
Short-term worker shortages may continue while Omicron spreads, and Sherwin Williams will unlikely be alone seeing a negative impact on near-term results.
A structural lack of labor could thwart long-term manufacturing/construction ambitions; costs will rise to attract skilled workers from early retirement/childcare.
We discuss strength in construction chemicals despite the concerns above and question why Huntsman is being bothered by an activist when things look good.
Otherwise, we highlight some more energy issues and look at inventories.

Take That Job And Shove It – Labor Concerns Rise As A 2022 Risk, Logistic & Input Cost Issues Still Notable

Recent chemical producer updates and macro news provides evidence of mounting concerns with sourcing labor in the US. We discuss the Sherwin-Williams business update and flag several emerging risk factors to consider. 
We highlight pertinent energy, chemical, and other corporate updates (e.g., Sherwin-Williams, LyondellBasell, SABIC, EDF, DIC, LG Energy, & others).
We note relevant ESG items, ranging from levers needed to decarbonize LNG to our research titled, Hydrogen – Hype, Hope, and Headlines.
We discuss numerous other pertinent chemical sector items in this report.

Back Then, Right Now – Shareholder Activists Come Forth, Corporate Activity Records Under Review

We discuss news of mounting activist pressure in chemicals and energy, and we frame activity on this front specifically at Huntsman. We foresee chemical sector portfolio restructuring activity remaining high in 2022.    
We highlight pertinent energy, chemical, and other corporate updates (e.g., Huntsman, Johnson Matthey, OMV, Honeywell, SABIC, Covestro, & others).
We note relevant ESG sector items, ranging from electricity generation trends by country to research titled, Hydrogen – Hype, Hope, and Headlines.
We discuss numerous other pertinent chemical sector items in this report.

Hydrogen – Hype, Hope, and Headlines

We introduce our hydrogen stock index and make a constructive investment case for equipment makers, which comprise most of the index today.  
Green hydrogen producers with strong balance sheets will likely make it through, but many start-ups will get squeezed by high costs and competition.
Monolith has an interesting offering, and DOE backing should get a first world-scale unit built – a greater problem for producers of carbon-black than hydrogen.    
We look at what we expect to be an onslaught of bullish headlines to start the year, with new technologies and new participants looking for backing & support.
Otherwise, we discuss natural gas, carbon values, and recycled polymers  (again), plus some thoughts on Origin Materials and our new ESG stock indices.

The Ports of No Return – Western Price Inflation Amid Lingering Logistic Issues, Higher Energy

We discuss US consumer price inflation, global petrochemical production cost trends, and a few factors favoring price support in some US commodity chemical chains. Supply chains are likely to stay far from normal in 1H22.
We highlight pertinent energy, chemical, and other corporate updates (e.g., Neste, Lucid Energy, Trinseo, Aramco, Petrobras, Solvay, BASF, & others).
We note relevant ESG items, ranging from Europe carbon price trends to start 2022 to several renewable industry investment trends. We also highlight our weekly ESG thematic published later today in LINK.
We discuss numerous other pertinent chemical sector items in this report.

Wants & Needs – Building Product Market Strength Persists, Product Portfolios Continue to Adjust

We highlight the Sika report noting building product demand strength and discuss positive market findings for MDI producers and findings across our broader chemical sector coverage. Sector health remains high on average.
We flag relevant energy, chemical, and other corporate updates (e.g., Sika, LyondellBasell, Enterprise Products, Mitsui, Origin Materials, & others).
We note relevant ESG items worth notice, ranging from the CP Chemical sale of circular polyethylene to US electricity market developments in 2022.
We discuss numerous other pertinent chemical sector items in this report.