Commodity chemical producers lacking feedstock integration face difficult choices as the energy sector expands downstream, pressuring non-integrated chemical returns.
The North American petrochemical producer cost
2023 is off to a bad start with low margins (but maybe not low enough) and global operating rates reflecting significant oversupply, which could worsen.
Global chemical markets moved from tight conditions in early 2022 to oversupply by yearend, and we view demand as much more of a wild card
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
European chemical producers are not responding to high downstream prices due to logistic challenges and high net production costs – this development favors imports. <br
As the Russia/Ukraine conflict continues, recession expectations are increasing – food and energy price inflation will negatively impact spending in other areas.
Absent escalation
Surging gasoline and food prices will dent US consumer budgets in 2022, resulting in downward pressure on other product categories. Higher input costs and moderating
US natural gas and related petrochemical production reflects a significant cost advantage relative to Europe and Asia, amid product export outlet limits. We discuss the
Recent retailer business updates show that global end-product demand remains strong, but cost inflation also remains an issue. We discuss the recent rebound in EU
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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