Structure, not scale, determines valuation, capital access, and resilience as oversupply, policy volatility, and higher rates punish complexity yet reward clarity, focus, optionality, disciplined execution,
1st Topic of the Week: Water scarcity is AI’s hidden bottleneck, transforming data centers into hydrology-dependent assets. Will industry leaders secure resilient water strategies or
Global Market Analysis If Policy Writes The Rules, Do Costs Still Matter? Key Findings Exhibit 1: Global oil, regional gas: market structure and policy drive
General Thoughts: Many global petrochemical companies expect a similar market setting in 2025 relative to 2024, despite a flatter global production cost curve, more China
General Thoughts: Western consumer price inflation has moderated in 2024 but remains high relative to China – North American chemical producer cost advantages provide an
General Thoughts: We discuss takeaways from a few global chemical sector earnings reports, which mostly expect a weak 4Q24 but anticipate improvement in 2025 –
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
US consumer spending fell for the second consecutive month in December, led by a drop in durable goods demand – most chemical chains remain bloated
Crop prices have surged since 2020, spurring farm income higher, despite rising input costs, and positive sector sentiment with it. We discuss weak US agriculture
Chemical product demand expectations remain positive, but supply chain views targeting the medium-to-long term tend to vary. We flag a few major producer Capex views
Sign up below to get updates on our events, publications, and insights—straight to your inbox.
