Capital allocation is increasingly shifting from speculative growth and volume chasing toward return gating, as firms demand contracted cash flows, controllable execution risk, and downside
1st Topic of the Week: Wind input demand is shrinking as power dollars pivot to other generation sources and grid equipment; will policy ultimately redirect
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
Daily Chemical Reaction Candy Paint – Global Coating Reports Show Mixed Results; Is New US Residential Construction Set to Catch a Sugar High? Key Findings
General Thoughts: We highlight improving European ammonia producer fundamentals and Yara 2Q24 results as we take a cautious view of ammonia in 2H24 before our
General Thoughts: We discuss efforts to subsidize green ammonia supplies from relatively low-cost areas to high-cost regions, highlighting the Fertiglobe winning the H2Global pilot auction
General Thoughts: US chemical production issues from a likely active Hurricane season following Beryl in its early innings and logistic issues limiting product flows from
At the right price the demand for clean hydrogen could be well above estimates, but the major challenge is meeting that “right price” goal. Progress
Daily Chemical Reaction Cheap Chinese Goods – Creator of US Petrochemical Export & Clean Product Price Drama, Asia Ex-China (& Europe) Horror Key Findings Exhibit
General Thoughts: Rising confidence in an agriculture market bottom has spurred US fertilizer and agricultural chemical equities YTD relative to commodity chemicals where concerns of
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