General Thoughts: In a fractured global landscape, self-help efforts are increasing with a focus on local production, customer proximity, and cost control to navigate volatility,
General Thoughts: We discuss takeaways from a few global chemical sector earnings reports, which mostly expect a weak 4Q24 but anticipate improvement in 2025 –
General Thoughts: We are generally fans of the BASF integrated approach to chemical production in areas that serve regional/local customers – we see risks facing
General Thoughts: The farmer economy is enduring a period of weak crop prices, which has lifted concerns with farm spending and driven input supplier equity
General Thoughts: North American chemical producers close a better-than-expected 1Q24 to rising concerns with greater production and falling margins ahead – cost curve support in
General Thoughts: Relative cost position has become a major discussion topic in terms of YTD margin support and profit outlooks for 2024, as many global
General Thoughts: The North American polyvinyl chloride (PVC) market benefits from a low-cost production position, enabling the continued profitable production push towards Europe and other
China chemical producers and refineries will likely benefit from discounted Russian crude in 2023 – a plus for its global competitive position and low relative
The C-MACC Clean Energy Minerals Monthly Price Index fell ~6% MoM in April to reflect a 34% lower YTD level, with falling lithium values being
US industrial production limped higher into 2023, but the curbs have tightened commodity markets while the US input/energy cost advantage rose. A domestic production revival
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