C-MACC

C-MACC's October monthly bulletin is packed with opportunities to enhance your understanding of the #chemical and associated markets, and gain global perspectives with our latest events, insights, and news! - See the PDF: https://lnkd.in/gF8MKzd2 This month we are hosting a webcast and a dinner meeting with Dragoman's Managing Director, Tom Harley, as he joins Graham Copley for a fireside chat discussing global implications for US #hydrocarbon markets. Don't miss this opportunity to gain insights (https://lnkd.in/g8thCD8p) and meet with Tom in Houston: (https://lnkd.in/gj4VbAJK) To start this month, we announced a strategic partnership with ChemOrbis to collaborate and expand our global reach and provide more products and services to our clients. You can learn about the partnership in the recent press release: (https://lnkd.in/dACRa69E) Find more information and download recent reports and resources directly from our bulletin: https://lnkd.in/gpiCZJbK #chemicals #hydrogen #marketresearch #chemicalindustry #consulting #chemicalmarket #energy #oilandgas #olefins #polyolefins #plastics

🌟 Join us at the AEA Annual Conference in New Orleans! 🌟 We’re excited to announce that our CEO, Cooley May, CFA, will be attending the Ammonia Energy Association's Annual Conference from November 11-13, 2024. With extensive experience in the chemical and agriculture sectors, Cooley is looking forward to connecting with industry leaders and discussing the future of ammonia. 📅 Event Details Date: November 11-13, 2024 Location: InterContinental New Orleans, New Orleans, USA This is a great opportunity to meet Cooley and explore the latest innovations in ammonia energy. Contact us on LinkedIn or email us at cooley.may@c-macc.com. #AmmoniaEnergy #EnergyInnovation #Sustainability #ChemicalIndustry #Agriculture #Networking #CMACC #farming #agtech #ammonia #sustainablefuels #fertilizer #AEA #sustainablefarming #alternativeenergy #energy #chemicals

Explore how shifting policies and market dynamics, including the recent U.S. election, are set to impact #criticalmineral supply chains, #EV demand, and #cleanenergy transitions globally. Trump Back in The Saddle – A Critical Minerals Rodeo Is More Likely Ahead Than A Trail Ride To Tighter Markets, Stay Selective | #CriticalMinerals Monthly Report - November 6: https://hubs.li/Q02X7G_C0 ⭐ Request a copy of this report here: https://hubs.li/Q02X7mnX0 🔍 General Thoughts: The C-MACC Clean Energy Mineral Index fell 3% MoM in October after an uptick in September to reflect a ~10% lower level from its YTD high in May – most components to remain oversupplied into year-end. 🔍 #CriticalMineral #Supply: We discuss the movements in a few global critical-mineral markets, why we continue to take a more positive view of copper relative to lithium, and the dominance of China in critical mineral processing. 🔍 #CleanEnergy Components & #Recycling: We discuss downward trending battery prices, which pull down EV costs and appear partially offset against in-place and proposed tariffs on Chinese EVs in Western markets. 🔍 Critical Mineral #Macro #Demand: We discuss our views of critical mineral end-market demand, most notably from EVs, following the Trump presidential win, and we highlight global EV production growth, notably in China. Companies: Freeport-McMoRan Rio Tinto Albemarle Corporation Arcadium Lithium American Lithium Corp. Rivian Lucid Motors Volkswagen Group Northvolt Mercedes-Benz AG Redwood Materials Renault Group SAIC Motor Xiaomi Technology BYD Porsche AG BMW General Motors Commodities: #Copper, #Lithium, #Batteries, #EVs, #Power, #AI, #Electrolyzers, #BatteryRecycling, #Metals, #CriticalMinerals, #SolarModules, #WindTurbines, #Fuels, #NaturalGas, #LNG #metals #minerals #chemicals #cleanenergy #renewableenergy #materials #batterymaterials #recycling

It was great to attend the standing-room only Dow presentation, The Packaging Playground: Investing for the Future, at #PackExpo in Chicago today, where the strategic message was clear: collaborate, innovate and accelerate! We continue to view Dow efforts to drive innovation and sustainability by working closely as a solution provider in partnership with customers as lacking adequate appreciation, especially among the investment community. I have followed Dow's progress in this area for 15 years and the consistency is reassuring. In addition to those mentioned below, it was also great to meet with Eddie Keels. Well done, Dow team! Michelle Sauder, MBA Rennisha Wickham Kiesha Jones Daniella Souza Miranda Izabel Assis #packstudios #plastics #plasticsindustry #packaging #sustainability #cmacc #dow

This report uncovers key trends from 3Q24 earnings, the 2025 recovery consensus, and the impact of shifting supply chains, rising energy costs, and sustainability investments. A must-read for industry professionals trying to understand the factors shaping market dynamics and demand recovery. Daily Chemical Reaction - November 5th: Heat Of The Moment – 4Q24 Weakness & Better 2025 Is The Consensus, Overly Optimistic Outlooks Are A Problem For All | https://hubs.li/Q02W_4860 ⭐ Request the full report PDF: https://hubs.li/Q02W_4GW0 🔍General Thoughts: Mixed chemical sector 3Q24 results continue to roll in, showing varying demand trends across end markets, though most anticipate improvement in 2025 irrespective of 4Q24 business developments. 🔍#SupplyChain / #Commodities: With 3Q24 earnings reports and outlooks from #Westlake and #DuPont mostly aligning with our outlook, we discuss the missed 3Q24 expectations, lowered 4Q24 guidance, and dividend cut at #Celanese. 🔍#Energy / #Upstream: We highlight and discuss the uptick in US ethane, ethylene, and ethylene-derivative exports, showing significant growth in ethylene-derivative exports relative to ethylene and ethane, but all showing growth. 🔍#Sustainability / #EnergyTransition: We discuss rising capital investment to expand transmission, grid infrastructure and storage with the low-capacity factor renewable power build-out, which favors higher power consumer costs. 🔍#Downstream / Other #Chemicals: We discuss the recent uptick in US mortgage rates that are likely to weigh on US housing conditions near-term and flag other relevant news showcasing chemical end-market demand trends. Companies Mentioned: Celanese Huntsman Corporation Westlake Long Son Petrochemicals (LSP) DuPont Wells Fargo TotalEnergies SINOPEC The Chemours Company Meta Commodities covered: #Ethylene, #ChlorAlkali, #Polyurethanes, #Ethane, #Hydrocarbons, #CrudeOil, #NaturalGas, #LNG, #SolarPower, #WindPower, #Biofuels, #Hydrogen, #NuclearPower, #SAF #CMACC #chemicalmarket #oilandgas #criticalminerals #corporate #restructure #china #invest #plastics #agriculture #farmincome

The goal at COP29 is to get broad support for a hydrogen declaration, signed by as many attendees as possible but the commitments sought will be challenged by what defines “clean” and in addition, rising costs. | The 71st Hydrogen Economy Report: What Would Be More Helpful - A Rally Around A Fake Declaration, or a Hard Reset for Hydrogen? - https://lnkd.in/gQyXfDgt 🔍 The reversal of hydrogen project momentum this year SHOULD force the COP29 delegates to look beyond an affirmation of what they would like to do and focus on what they should do; near term alternates are needed.  🔍 Project momentum has stopped in the US ahead of the election and in our view 45V is the program most at risk with a change of administration. But green hydrogen is in trouble in many countries because of costs.  🔍 We look at some of the ammonia producers’ earnings reports – all of which have a degree of clean/green initiatives, some moving forward more quickly than others – blue hydrogen/ammonia still looks good. 🔍 Both Cooley May, CFA and Graham Copley will be in New Orleans next week for the Ammonia Energy Association. ⭐Request a copy of the full report here: https://lnkd.in/gfAQhwpp #hydrogen #hydrogeneconomy #greenhydrogen #bluehydrogen #power #electrolyzers #ammonia #methanol #cmacc #COP29 #COP28 #Hydrogentargets

Reporting Live From Pack Expo In Chicago; Polymer Markets Mostly Weaken WoW, Appear Likely To Weaken Further In 4Q24 | The Weekly Catalyst - November 4, 2024: https://hubs.li/Q02WRrRc0 🔍 #Polymer Market Trends: Global spot polymer prices, on average, declined last week. US spot polypropylene (#PP) showed the most significant decline last week as domestic spot propylene markets continued to loosen. 🔍 #Chemical Market Trends: US spot polymer-grade propylene (#PGP) prices fell WoW amid the rising expectation for greater production; US and Asia spot #ethylene values strengthened last week relative to weakness in Europe. 🔍 #Feedstock Market Trends: Global chemical production feedstock cost movements were mixed last week, with USGC #ethane and Ex-US #naphtha values declining while USGC #propane and US #naturalgas prices increased. 🔍 #Agriculture Market Trends: Global spot #ammonia prices were mainly unchanged last week, and declines in Ex-US natural gas relative to US prices suggest lower ammonia prices and downward pressure on US margins. ⭐ Request the full report here: https://hubs.li/Q02WRnMB0 Companies: Dow LyondellBasell Formosa Plastics Corporation, U.S.A. ExxonMobil NOVA Chemicals Enterprise Products Nutrien CF Industries LSB Industries, Inc. #Commodities: #Polyethylene (#PE), #Polypropylene (#PP), #PolyvinylChloride (#PVC), #Ethylene, #Propylene, #Ethane, #Propane, #Naphtha, #CrudeOil, #Ammonia, #NaturalGas, #Corn, #Soybeans #hydrocarbons #pricing #weeklyupdate #chemicals #chemicalindustry #plastics #plasticindustry #feedstocks #oilandgas #olefins #polyolefins #polymers #basicchemicals #basechemicals #derivatives #CMACC

Owners of European chemical facilities, looking to exit (a long and lengthening list), likely face few interested buyers, none of whom would pay anything, or the alternative of very expensive closure and remediation. Paying someone to take the business may make more sense than shutting down, but the list of potential buyers is shrinking, as anyone not deterred by the feedstock challenge will struggle with the environmental challenges. Ethylene consumers could switch to imported ethane or ethylene from the US, but the emission reduction costs in Europe are so high that, trade policy willing, importing low carbon polymers from the US will likely be cheaper. Despite the very high costs of closures in Europe, we expect this is the ultimate fate for more of the ethylene and other basic chemical capacity, but the anti-globalization trend we see today could leave Europe stranded. https://hubs.li/Q02WL0N50 🔍 Otherwise, we look at the messages in 3Q earning and the coincident weakness in refining and chemicals, we talk (a lot) about air products, agriculture, project cancellations for hydrogen and the unsustainable US election. Companies mentioned: ExxonMobil SABIC Eni Dow LyondellBasell INEOS ADNOC Group Covestro Borealis OMV Borouge BASF Huntsman Corporation Valero CF Industries Yara International FMC Corporation Wanhua Chemical Group PETROVIETNAM Syngenta Plug Power Corteva Agriscience Nutrien Linde Exelon Utility Global Air Products Commodities mentioned: #Ethylene, #Ethane, #Naphtha, #Polyethylene, #Carbon, #Ammonia, #Hydrogen, #Polyurethanes, #Corn, #Soy #chemicalindustry #plasticsindustry #plasticpackaging #chemicals #petrochemicals #sustainability #cleanenergy #oilandgasindustry #packaging #esginvesting #ESG #energy #manufacturing #materials #energytransition

Today, we discuss takeaways from a few global chemical sector earnings reports, which mostly expect a weak 4Q24 but anticipate improvement in 2025 – beyond seasonal factors, some will still face a rocky 2025. Daily Chemical Reaction - November 1st: 3Q24 Good, 4Q24 Bad, 2025 Off to The Races?!? | https://hubs.li/Q02WF5150 ⭐ Download the full report PDF: https://hubs.li/Q02WF32m0 🔍#SupplyChain / #Commodities: We highlight takeaways from LyondellBasell on domestic PE and PP markets from its 3Q earnings call, Linde results related to their strategy compared to Air Products, and other sector 3Q reports. 🔍#Energy / #Upstream: We highlight ExxonMobil and Chevron results, discuss differing views of crude oil refinery margins in 2025 among operators, and flag the planned closure of the #LyondellBasell Houston refinery in 2025. 🔍#Sustainability / #EnergyTransition: We discuss Linde's involvement in a Dow Fort Saskatchewan growth project and flag LyondellBasell and Eastman projects in advanced recycling, among other relevant sector updates. 🔍#Downstream / Other #Chemicals: We discuss most chemical sector management teams signaling better demand conditions globally in 2025, following interest rate cuts and government stimulus, and its impact on expectations. Companies Mentioned: LyondellBasell Eni Air Products Linde Praxair, Inc - a Linde Company AdvanSix Avient Corporation Repsol ExxonMobil NOVA Chemicals Westlake Oxychem Corporation Formosa Group Shintech, Inc. aramco Chevron PBF Energy Shell TotalEnergies Dow Eastman Nikola Corporation Ford Motor Company Lummus Technology Mitsui & Co., Ltd. Asahi Kasei Intel Corporation Mastercard Kellanova Commodities covered: #PGP, #PP, #PE, #Ethylene, #IndustrialGas, #Hydrogen, #CrudeOil, #NaturalGas, #CarbonDioxide, #Nitrogen #EVs #CMACC #chemicalmarket #oilandgas #energysector #Q3earnings #EarningsSeason #chemicalindustry #investorrelations

🔍 1st Topic of the Week: The vitriol and uncertainty around the impending US election is at a fever pitch, with each side describing the other as the harbinger of doom. Most industries and capital markets thrive on stability, and historically neither US party has managed to create too much instability – could this time be different? Weekly #Sustainability & #EnergyTransition Report 204: Poll Dancing: The US Election Promises Instability, Bad for Business & Sustainability | https://hubs.li/Q02WBzSD0 🔍 2nd Topic of the Week: #CarbonCapture may be the winner in a Republican win as #45Q is likely intact, and some of the pipeline plans could get fast-tracked. 🔍 Otherwise: We look at packaging #recycling rates in Europe – another reason not to own European #virginpolymer capacity, the China lead in #renewablepower, and we look again at some balance sheet opportunities. ⭐ Request the full report PDF: https://hubs.li/Q02WBz2y0 Products Covered: #Carbon, #Oil, #NaturalGas, #EVs, #Hydrogen, #Ethanol, #PET, #RecycledPolymers, #SolarModules, #SAF Companies Mentioned: Gevo, Inc. Summit Carbon Solutions LSB Industries, Inc. First Solar bp ExxonMobil Woodside Energy Air Products Subjects Covered: #ESG #Recycling, #Renewables, #CarbonCapture, #Emissions, #NewEnergy, #HydrogenEconomy, #ESGInvesting, #ClimateLitigation, #CleanFuels