General Thoughts: Volatile global ethylene production co-product prices, amid on-purpose plant outages and unfavorable Ex-US ethylene economics, favors global value-chain integration that will reshape cost
Tuning in for a State of The Union this week and momentarily thinking we were watching a game show caused us to think not about
1st Topic of the Week: Don’t Let The Off Takers Fool You – Albemarle and others are likely chasing an inflated demand forecast, and are
General Thoughts: The C-MACC Clean Energy Mineral Index rose 1% MoM in February, marking its first MoM uptick since 2Q23. The index is down 37%
Although the US built a major wave of new chemical capacity based on available cheap feedstock, plus added export capacity for almost everything in the
General Thoughts: The C-MACC Clean Energy Mineral Index reflected a ~48% lower level in January 2024, but the rate of MoM decline has slowed. While
General Thoughts: Asia petrochemical producers face rising oversupply risk from conflicts in the Middle East re-routing global shipping, as it limits product flows to Europe
1st Topic of the Week: Carbon Use – The timing of Celanese’s announcement of a carbon use operation in Texas, on the heels of the
General Thoughts: US polypropylene (PP) spot price support relative to Europe and Asia is due to upstream outages and production cuts – a near-term plus
Stock valuations in general suggest a better year for chemicals in 2024, driven by estimates that expect growth over 2023 – oil prices will impact
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