Global Agriculture
Our first global agriculture monthly report targets crop market and input trends in 2023 and their likely development in 2024, with a significant focus
January 17, 2024
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Our first global agriculture monthly report targets crop market and input trends in 2023 and their likely development in 2024, with a significant focus
General Thoughts: Cost position and relative integration will likely remain primary determinants of commodity chemical and refining outperformance in 2024 amid oversupplied markets. We discuss
Stock valuations in general suggest a better year for chemicals in 2024, driven by estimates that expect growth over 2023 – oil prices will impact
US integrated polyethylene (PE) producer margins reflect strength relative to the global avg. producer margin in 4Q23 – US PE prices have fallen, but its
Many companies will evaluate transaction options over the next few years, but valuation mismatches and unclear regulations could produce significant hurdles.
US oil and gas
The recent drop in transportation fuel values has outpaced the decrease in crude oil values, steering attention to chemicals for long-term downstream growth despite its
Global commodity chemical prices are under pressure from the drop in crude oil values and tepid demand – it could result in profit declines for
The US ethylene production cost advantage is sizable relative to Asia and Europe, and its spot and contract ethylene prices are below Asia and Europe,
As the global financial backdrop deteriorates for those needing capital, large and small, cash management has become more critical – it is not a time
Global polymer, critical mineral, and crop prices have fallen from 2022 highs while financing costs and demand uncertainties have risen – a negative trend for
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