by C-MACC Research | Jul 23, 2023 | Sunday Thematic & Weekly Recap
C-MACC Sunday Thematic & Weekly Recap 178 It’s Time To Be Bleak: Nothing To Be Gained By Talking Up The Market We see no value in basic chemical companies trying to spin a positive story with 2Q earnings – things are bad for basic chemicals, and everyone needs to... 
by C-MACC Research | Jul 18, 2023 | Daily Chemical Reactions
Daily Chemical Reaction Global Demand Upturn Needed To Absorb Oversupply, Elevate Production In Low-Cost Areas – Unlikely In 2H23 Key Points: US industrial production declined in June for the second consecutive month, reflecting the first annual decrease in 28 months... 
by C-MACC Research | Jul 16, 2023 | Sunday Thematic & Weekly Recap
C-MACC Sunday Thematic & Weekly Recap 177 Desperate Times…. Some M&A Is Offensive and Some Defensive Last week ended with the ExxonMobil Denbury deal and with OMV willing to explore a polymers JV with ADNOC. Things are moving – does anyone care? The... 
by C-MACC Research | Jul 14, 2023 | Daily Chemical Reactions
Daily Chemical Reaction T-R-O-U-B-L-E – Global Chemical Price Weakness Well Known, 2H23 Margin Risk Still Higher Than Most Envision Key Points: Polymer price weakness relative to 1H23 highs is well known, and most expect a weak market in 2H23. Feedstock cost... 
by C-MACC Research | Jul 12, 2023 | Daily Chemical Reactions
Daily Chemical Reaction Oversupply Serenade: US Chemicals The Best Singer Among Screamers As Asia Moans, Europe Yelps In Pain Key Points: NW Europe and Asia polyethylene and polyvinyl chloride (PVC) spot prices reflect premiums to US levels, a plus for exporting the...