Sunday Executive Summary
If the most recent, post New Year, Chinese demand data for polymers is more than just a one-off, we may face another year where confidence
March 31, 2024
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If the most recent, post New Year, Chinese demand data for polymers is more than just a one-off, we may face another year where confidence
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
General Thoughts: Our meetings at CERA differ from last year, as our discussions are now less about concepts and more about project return challenges –
General Thoughts: We discuss US chemical sector equity performance, including its sub-sectors and a few of their components, as defensive return-generative positions stay favored amid
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
Recent crude oil and Ex-US naphtha price strength suggest downstream refined product and chemical price support that benefits North American producers relative to Europe and
Falling mortgage rates and loosening but still tight domestic home supply are spurring housing market activity that could extend into 2024 and prove constructive for
Low prices and high financing costs are stalling energy transition and chemical sector growth investments in a weak macroeconomic setting, increasingly relying on consumers for
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
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