Mark Miller

US integrated spot polymer margins rose into 3Q24 amid global price strength and upstream feedstock cost relief, creating a favorable setting for the 2Q reporting season for producers. | The Weekly Catalyst - July 15, 2024: https://hubs.li/Q02Gy_6Y0 🔍 #Polymer Market Trends: US integrated spot #polymer margins rose into 3Q24 amid global price strength and #upstream feedstock cost relief, creating a favorable setting for the 2Q reporting season for producers. 🔍 #Chemical Market Trends: Western base chemical prices rose WoW relative to Asia, with Europe seeing the most regional price strength on average, and US spot ethylene being the strongest among the commodities. 🔍 #Feedstock Market Trends: Brent Crude Oil and Ex-US naphtha prices have increased in the past 30 days relative to US natural gas and USGC #ethane, pushing the North American cost advantage upwards. 🔍 #Agriculture Market Trends: Crop prices fell WoW, implying downward pressure on farmer income and the perception of fertilizer use, though ammonia prices are relatively unchanged compared to feedstock costs. Companies: Westlake NOVA Chemicals Dow Chevron Phillips Chemical Company Formosa Plastics Corporation, U.S.A. Braskem ExxonMobil Oxy Shin-Etsu Celanese OQ Chemicals OCI Methanex Corporation Mitsui & Co., Ltd. LyondellBasell Commodities: #Polyethylene, #Polypropylene, #PolyvinylChloride, #Ethylene, #Propylene, #Benzene, #Corn, #Soybeans, #Ethane, #Naphtha, Crude #Oil, Natural #Gas

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Our very own Luke Tsuneta, Senior Vice President of Finance and Operations at Atlantic Chemicals Trading Nothern America, recently joined Citrin Cooperman's Partner Mark Henry on the Boston Business Journal's Thought Leadership podcast. 🎙️ They discussed the findings of the recent Manufacturing and Distribution Pulse Survey and shared insights on how we are navigating industry challenges to achieve growth. Thanks for having us! #ThoughtLeadership #Podcast #Finance #Operations #IndustryInsights #GrowthStrategies #Distribution

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🔳 DuPont Unveils Strategic Plan to Split into Three Independent Public Companies** 🔲 In a major strategic move, DuPont (NYSE: DD) announced its intention to separate into three distinct, publicly traded companies. The planned tax-free separations will create two focused entities—one in Electronics and the other in Water—while the core DuPont will continue as a premier diversified industrial powerhouse. This transformation aims to enhance shareholder value and foster specialized growth across its newly formed entities. 🔲 Focused Entities to Drive Industry Leadership** The separation will result in the establishment of independent Electronics and Water companies, each positioned as global leaders in their respective sectors. Electronics will concentrate on semiconductor solutions and advanced electronic materials, catering to high-performance computing, AI, and the Internet of Things. Water will focus on leading filtration technologies, providing essential solutions across various market segments, including industrial water and desalination. 🔲 New DuPont: A Diversified Industrial Leader** The new DuPont will maintain its status as a diversified industrial entity, renowned for its iconic brands such as Tyvek®, Kevlar®, and Nomex®. It will leverage its expertise in materials science and application engineering to serve fast-growing sectors like healthcare and electric vehicles, alongside its traditional markets in safety, construction, and aerospace. 🔲 Strategic Benefits and Financial Outlook** Each newly formed company will benefit from tailored capital allocation strategies, enhanced strategic flexibility, and compelling investment profiles. DuPont reaffirms its 2024 financial guidance, anticipating robust margins, strong cash flow, and balanced financial policies. The separations are expected to complete within 18 to 24 months, pending regulatory approvals and customary conditions. 🔲 Leadership and Future Prospects** Effective June 1, 2024, Lori Koch will assume the role of Chief Executive Officer of DuPont, with Antonella Franzen stepping in as Chief Financial Officer. Both leaders will continue in their roles post-separation. The company plans to announce additional executive leadership and board appointments ahead of the separations. DuPont's strategic advisors for this transformation include Centerview Partners LLC and Goldman Sachs & Co. LLC, with legal counsel provided by Skadden, Arps, Slate, Meagher & Flom LLP. 🔲 Join DuPont's investor call on May 23, 2024, at 8:00 a.m. ET for more details. #DuPont #CorporateStrategy #Electronics #WaterSolutions #IndustrialInnovation #ShareholderValue #FinancialGrowth #LeadershipTransition

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Daily Chemical Reaction - July 16: US Ethylene Producers Soak Up The Sun, US Propylene Also Sun Bathing But Faces A Cloudier Global Setting | https://hubs.li/Q02GNXHq0 🔍General Thoughts: US polymer prices have not reacted as aggressively to Hurricane Beryl and USGC production issues as its base chemical markets, and we discuss other factors driving polymer price support in the near term. 🔍#SupplyChain / #Commodities: We highlight the recent strength in US spot ethylene and polymer-grade propylene prices, which could prove negative for non-integrated buyers and put downstream product margins at risk. 🔍#Energy / #Upstream: We highlight developments in Asia natural gas and propane prices relative to US levels, which is a plus for US chemical feedstock exporters but much less so for global chemical markets amid Asia oversupplies. 🔍#Sustainability / #EnergyTransition: Global carbon capture capacity announcements and growth forecasts through 2035 call for the US to see the most growth; however, the number of new project announcements has slowed. 🔍#Downstream / Other #Chemicals: We discuss recent interest rate developments and the negative impact of high interest rates on chemical sector M&A and related valuations amid a high level of uncertainty into late 2024/2025. Companies: Dow LyondellBasell ExxonMobil NOVA Chemicals Enterprise Products INVISTA Inter Pipeline Heartland Polymers Braskem Pinnacle Polymers BASF Olin Formosa Group Phillips 66 Shell Mitsui & Co., Ltd. CNOOC International ITM Power TotalEnergies bp IDTechEx Amazon Commodities: #Ethylene, #Propylene, #Polyethylene, #Polypropylene, Polyvinyl Chloride (#PVC), #Ethane, Crude #oil, Natural #gas, #Propane, #Hydrogen, #Carbon Dioxide #CMACC #marketanalysis #marketresearch #consulting #chemicalmarket #oilandgas #upstream #downstream

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The spot resin market continued to see heightened activity and resin transacted at a very fast pace. Both domestic and export demand continued strong and well-priced material was relatively easy to sell. Polyethylene prices added a half-cent while Polypropylene prices jumped $.02-.03/lb as monomer costs have been escalating again due to strong demand and a fresh PGP outage, there seems to be more upside ahead.   Read all about it and more in this week’s detailed resin report filled with color from our trading desk: https://bit.ly/3xerSdD #polyethylene #polypropylene #marketupdate #plasticsexchange #plasticsnews #pgp #crudeoil #resin #commodities #exports #energies #bullish

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☣️ Unlocking Global Markets: Chemical Exports with John S. James Co. Chemical products, valued at over $4 trillion globally, drive commerce across borders. However, navigating the journey from lab to market isn’t straightforward. That’s where John S. James Co., your seasoned partner in chemical exports, comes in. Our 80 years of expertise ensure seamless logistics, compliance, and safety for your shipments. From meticulous documentation to secure warehousing, we’ve got you covered. As a client or prospect of John S. James Co., you gain access to our finely tuned understanding of chemical export intricacies. Whether you’re shipping organic compounds, plastics, or pharmaceuticals, we optimize every step. Services We Offer: ► Customs Clearance and Documentation: We prepare and file all necessary documents for your chemical exports, ensuring compliance with regulations like the Toxic Substances Control Act (TSCA) and the Food and Drug Administration (FDA). ► Freight Forwarding and Transportation: We arrange transportation by air, sea, or land, providing packaging, labeling, and tracking services. ► Warehousing and Distribution: Our secure, temperature-controlled warehouses manage your chemical products, and our reliable network ensures timely delivery. Trust us to handle customs clearance, freight forwarding, and distribution. Your success is our mission. #ChemicalExports #GlobalTrade #Chemicals #CustomsBroker #FreightForwarder #Exports #Exporting #Exporter #Monday #Blog

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☣️ Unlocking Global Markets: Chemical Exports with John S. James Co. Chemical products, valued at over $4 trillion globally, drive commerce across borders. However, navigating the journey from lab to market isn’t straightforward. That’s where John S. James Co., your seasoned partner in chemical exports, comes in. Our 80 years of expertise ensure seamless logistics, compliance, and safety for your shipments. From meticulous documentation to secure warehousing, we’ve got you covered. As a client of John S. James Co., you gain access to our finely tuned understanding of chemical export intricacies. Whether you’re shipping organic compounds, plastics, or pharmaceuticals, we optimize every step. Services We Offer: ► Customs Clearance and Documentation: We prepare and file all necessary documents for your chemical exports, ensuring compliance with regulations like the Toxic Substances Control Act (TSCA) and the Food and Drug Administration (FDA). ► Freight Forwarding and Transportation: We arrange transportation by air, sea, or land, providing packaging, labeling, and tracking services. ► Warehousing and Distribution: Our secure, temperature-controlled warehouses manage your chemical products, and our reliable network ensures timely delivery. Trust us to handle customs clearance, freight forwarding, and distribution. Your success is our mission. #ChemicalExports #GlobalTrade #Chemicals #CustomsBroker #FreightForwarder #Exports #Exporting #Exporter #Monday #Blog

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Here are the top stories from today's global edition: US: Fe domestic launches with primes down $40/gt US ferrous domestic trading for June began on Wednesday, as initial bids in the Midwest confirmed the downward outlook with contractions reported for primes, shredded and cut grades. Iván Lechuga and Zulma Herrera-Vakkur analyze the US domestic ferrous market. https://lnkd.in/g5nmfu2B AM Mexico’s ops impacted by strike, blockades ArcelorMittal’s plant in Lazaro Cardenas, Mexico, has appealed to the state government to intervene as it faces blockades and a union worker’s strike. George Dcruze reports details of the strike which has cut off access roads for the steelmaker. https://lnkd.in/gJ3sTZDm Turkey’s January-April rebar exports rise 19pc Turkey (Turkiye) exported 1.07mn mt of rebar between January and April, up 19pc compared with the same period of 2023. Olga Yakymchuk outlines the top shipment destinations. https://lnkd.in/gkkcVRdC #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK #Turkey #Europe #NorthAmerica

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China is on the path to becoming a self-sufficient chemicals market, serving itself in both specialty and commodity chemicals. Key trends driving this shift include: - Producers expanding the range of grades in PE, PP, and PU, potentially tripling current offerings. - The rise of “Tier 1” chemical suppliers with innovative R&D and excellent customer service. - A focus on “nimble and agile” operations to adapt to a weaker economy and ample local chemicals supply. What’s your Plan B if China achieves self-sufficiency? In the latest Asian Chemical Connections blog, John Richardson delves into China’s increasingly sophisticated chemicals industry and considers whether overseas-based producers should pivot their strategy. Read more here: http://spkl.io/604647rEi #ChemicalsIndustry #ChinaMarket #SupplyChain

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#TobysTake: Multiple Tire Compounds; Repaved Surface; A Right Hook. Read More: https://hubs.ly/Q02xSt9j0

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Counting On Continued Turbulence - North America Chemical Prices Mostly Higher, While Other Markets Remain Mixed | The Weekly Catalyst - June 17, 2024: https://hubs.li/Q02C5cJF0 🔍 #Polymer Market Trends: Global spot prices continue to show strength in North America relative to average levels abroad, as production concerns and feedstock strength are supporting buying activity, for now. 🔍 #Chemical Market Trends: Global base and intermediate spot chemical prices were mixed WoW, and we focus on further strength in US spot propylene price strength that bodes well for contract US PGP and PP prices. 🔍 #Feedstock Market Trends: US natural gas prices fell last week relative to Ex-US natural gas prices. We also flag US spot propane rose the most among major feedstocks while Singapore naphtha was among the weakest. 🔍 #Agriculture Market Trends: Global ammonia values were largely unchanged WoW, with the drop in US natural gas prices lifting domestic producer margins relative to peer Ex-US ammonia production margins last week. Companies: ExxonMobil Dow NOVA Chemicals LyondellBasell Westlake Oxy Formosa Group SABIC CF Industries Nutrien LSB Industries, Inc. Yara International Enterprise Products Commodities: #Polyethylene, #Polypropylene, #PolyvinylChloride, #Ethylene, #Propylene, #Methanol, #Ammonia, #Ethane, #Naphtha, #Crude #Oil, #Gas

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Compared to last Friday, LME #Copper forward curve has shifted slightly lower by approximately $53/mt and is in contango throughout 2024 and early 2025. #Aluminum prices were down this week. Read our weekly update: https://hubs.li/Q02BYPsz0 #metals #metalshedging #manufacturingindustry #commodities #commoditytrading #steel #gold #supplychain #manufacturing

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The initial public offering (IPO) of Kronox Lab Sciences, a manufacturer of specialty chemicals, opened for subscription - New Post: Kronox Lab Sciences IPO: Should you invest? https://buff.ly/3yUfWhh #marketnewsviews #bse #investmentdecisions #ipoanalysis #kronoxlabsciencesipo #nse

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Here are the top stories from today's global edition: US: Recycled stainless steel prices decline US stainless steel processor buying prices declined on Monday in tandem with a weaker LME nickel. Shohini Nath analyzes the recycled stainless steel market. https://lnkd.in/g6s8GYjR USS lowers Q2 EBITDA guidance in three segments US Steel expects lower adjusted EBITDA from its mini-mill, European and tubular segment in Q2 2024, while earnings from the flat-rolled division are projected to improve. Sabrina Shaw reports on the firm's segment-wise outlook. https://lnkd.in/gfxQzpSK SDI forecasts lower sequential earnings in Q2 Steel Dynamics, Inc. (SDI) expects lower profits in Q2 2024 due to decreased realized pricing despite steady shipments. Iván Lechuga outlines the steelmaker's earnings forecast for Q2. https://lnkd.in/g6EM5BGk #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK #Turkey #Europe #NorthAmerica

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Check out this Op-Ed piece from Greg Zoeller on the benefits of carbon capture in the manufacturing sector, which appeared in the IBJ. https://lnkd.in/gejb6pvA #carboncaptureandsequestration #indianamanufacturing #emissionsreduction

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