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
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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
US consumer sentiment fell for the fourth consecutive month in November, and adverse clean energy participant notices have risen – both favor lower energy transition
Most long-term clean energy targets overly rely on intermittent power sources relative to firm (high-capacity factor) options and fail to appreciate likely delays with required
China chemical producers and refineries will likely benefit from discounted Russian crude in 2023 – a plus for its global competitive position and low relative
US industrial production limped higher into 2023, but the curbs have tightened commodity markets while the US input/energy cost advantage rose. A domestic production revival
As worsening business conditions into yearend lower 2023 outlooks, we think money will be made by those making consolidation moves versus those who hide.
Almost
The global energy landscape significantly shifted in mid-1Q22, which has resulted in sector followers looking past many better than expected corporate 1Q results to 2Q
Specialty chemical producers mostly frame a picture of price hikes in 1H22 to catch up with higher raw material costs before global supply chains begin
US plastic resin & material prices have risen more than recyclable plastic values YTD, though both show significant growth YoY. This setting makes an easy
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