Clean energy minerals have underdelivered against narrative hype, with lithium down, prices anchored near marginal cost, and forecasts consistently failing to grasp the gritty, sobering
General Thoughts: As spot methanol prices fall globally in 2Q25, success favors low-cost producers with capital discipline, flexible operations, and low-risk models over those relying
General Thoughts: We are generally fans of the BASF integrated approach to chemical production in areas that serve regional/local customers – we see risks facing
General Thoughts: The global refinery margin average has fallen to multi-year lows while the global spot ethylene production margins have surged to multi-year highs, combining
General Thoughts: US commodity chemical equities have underperformed the S&P 500, and the chemicals sector YTD – a likely drop in commodity prices, absent more
General Thoughts: As North American chemical profits beat expectations in 1H24, restructuring efforts remain underway in high-cost regions – part of the C-MACC team will
General Thoughts: The C-MACC/PXi polymer price service was created to provide more clarity into transacted prices – confusion surrounding the US PE market and April
General Thoughts: We provide thoughts following our meetings at CERA and AFPM, as global chemical producers continue to stress the benefits of integration, consolidation, and
General Thoughts: While many companies rapidly expanded energy transition efforts amid surging expectations in 2022/23, Linde took a more patient and balanced approach that has
General Thoughts: Most chemical producers anticipate a better year in 2024, driven by improving end-demand outside the US, notably in 2H24 – the impact of
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