General Thoughts: With 2H25 crop prices pressured and 2026 farmer affordability strained, fertilizer and input sentiment may weaken, despite resilient long-term fundamentals that still favor
Fragile incentive frameworks and abrupt policy shifts have already erased a dramatic 30–40% of select clean-energy sector equity values, sparking capital flight, reputational damage, and
General Thoughts: Strategic clarity matters most in transition: value creation depends not on rapid sentiment-driven shifts but on deliberately retaining infrastructure and assets, driving resilience,
General Thoughts: We will host a webcast tomorrow morning to discuss our view of the global polyethylene market and where we see opportunities, challenges, and
General Thoughts: The restructuring of high-cost global chemical assets and low-cost integration to extend value chains are efforts unlikely to stall anytime soon, putting those
General Thoughts: Global refinery and ethylene production margins have fallen considerably from the YTD highs. Refinery margin outlooks are mostly linked to demand, while overexpansion
This week, we hit another high in the relative attractiveness of producing ethylene and natural gas derivatives in the US versus the rest of the
General Thoughts: Aluminum is an example of a critical mineral that saw a sharp price decline in July as green sector and Chinese demand failed
General Thoughts: US spot ethylene and propylene production margins significantly strengthened in July, and we discuss why we see more risk in US spot propylene
General Thoughts: We discuss downstream and non-integrated European chemical producer profit strength that we view as likely short-lived and the continued global push to integrate
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