General Thoughts: Chemical feedstock movements impact producer margins WoW more than price movements, as chemical supply shifts in October and November have helped balance most
Depressed oil-to-gas ratios and elevated soy-to-corn prices shift chemical-sector risk profiles: commodity chemical underperformers in 2025 face low expectations in 2026, whereas agriculture faces the
General Thoughts: Feedstock convergence, rising USGC ethane risk, and disappearing European carbon buffers accelerate petrochemical restructuring, squeezing INEOS Project One and advantaged Asian ethane importers.
Fragile incentive frameworks and abrupt policy shifts have already erased a dramatic 30–40% of select clean-energy sector equity values, sparking capital flight, reputational damage, and
General Thoughts: The agriculture market has faced a challenging 2024 amid weak crop prices and trade concerns – we take a more constructive view of
General Thoughts: Western spot methanol prices have surged higher relative to Asia and beat most forecasts YTD – we see an eventual reversal. Still, supply
Chemical Market Trends: We highlight the announced Methanex acquisition of OCI Global methanol assets, US methanol prices at a premium to Asia, and flag strength
General Thoughts: The benefits of cheap North American natural gas have been pronounced this year for its chemical industry, and strategic actions remain focused on
General Thoughts: Western methanol markets tightened substantially relative to Asia in 1H24, partly due to production issues. North American methanol producers currently enjoy some of
General Thoughts: We anticipate increased competition for crops to favor farmer income and spending on inputs, though this setting suggests raw material headwinds and higher
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