Global Market Analysis
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
February 15, 2024
No Comments
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
China chemical producers and refineries will likely benefit from discounted Russian crude in 2023 – a plus for its global competitive position and low relative
Global chemical production cuts and a steeper production cost curve spurred early 2023 price hikes, favoring higher US export prices and upticks in its production
Western market consumer price inflation estimates for full-year 2022 have surged YTD to show notably more inflation than Asia – a concern for Western producers.<br
Chemical product chain profitability mostly turned negative in 1H22 due to higher costs not being fully factored into lagging end-product prices. We highlight a few
Global energy and agricultural markets remain tight, which we think will likely spur an uptick in production. Global chemical markets remain mixed, and we find
US chemical sector optimism remains high as several demand indicators come forth to curb some concerns with improving product availability. We discuss several risks that
Sign up below to get updates on our events, publications, and insights—straight to your inbox.
