Global Market Analysis
The price of manufactured goods in the US faces downward pressure into year-end amid lower global input costs – crude oil price strength is a
December 21, 2023
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The price of manufactured goods in the US faces downward pressure into year-end amid lower global input costs – crude oil price strength is a
China has imported ~20% more discounted Russian crude oil YTD in 2023 compared to 2022, a benefit to its global petrochemical production cost position and
Global price inflation has slowed in 2H23, as shown recently in US and other country reports, but it is much more positive for global consumers
In our view, those calling for a quick end to fossil fuel use and simultaneously vilifying the oil and gas industry are likely condemning energy
The North American commodity chemical sector 3Q23 results reflect improvement relative to mid-year expectations and its peers in Europe and Asia, but the positive momentum
The decline in critical mineral prices suggests that the macroeconomic backdrop has influenced demand more than energy transition growth. Lower prices favor stalling growth investments.
Rising overseas production costs in 3Q23 spurred a production response from North American manufacturers, and the benefits are much more pronounced for this group than
China has benefited from lower price inflation than most Western countries and is one of the culprits of global commodity market oversupply – recent critical
US polyethylene (PE) producers are pushing for contract price hikes in August, which we think will further delay a much-needed non-market adjustment based on global
US industrial production remained lower YoY in July due to oversupply overshadowing its energy-advantaged cost position – Europe and Asia run rates are lower for
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