1st Topic of the Week: Copper markets reward execution reliability, with consistent throughput, integrated infrastructure, and delivery visibility driving premiums over assets exposed to operational
1st Topic of the Week: Small modular reactors (SMR), despite their challenges, offer a low-carbon power output option at a relatively high capacity factor –
Global commodity chemical production margins ended the June quarter lower than the 2Q23 and 1Q23 averages, setting the stage for a lower 3Q23 (and 2H23)
Spot polypropylene price spreads between major global regions have returned to pre-COVID levels, but prices (and profits) are lower, putting most 2023 outlooks set with
Clean energy mineral forecasts are broadly bullish. We see near-to-medium-term conditions staying tighter than most chemical markets, but our view is not risk-free.
We discuss
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
An opportunistic setting has developed for energy players to deploy strong cashflows towards growth downstream in chemicals to improve long-term risk-adjusted returns.
USGC NGL
Global market indicators favor North American chemical producers relative to overseas peers. Our research flags US retail sales trends, European naphtha premiums, and US commodity
We highlight the Sika report noting building product demand strength and discuss positive market findings for MDI producers and findings across our broader chemical sector
Energy sector participant ambitions to move their businesses downstream into petrochemicals is not a new development, but it is a trend that will likely gain
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