C-MACC Macro Matters

• Drawn from recent reports, we share our analysis of select commodities, ranking supply/demand strength from tightest to weakest, and drawing conclusions per market.
• We also discuss the oil and gas sector in terms of green strategy and how those with ESG investment mandates are more focused on avoiding trouble than they are affecting change.
• Lastly, we display recent underperformance in chemical markets, and discuss chemical producer headwinds drawn from our weekly global market updates and daily chemical reactions.

C-MACC reports analyze and comment on events in real-time, providing an edge to clients with market connectivity insight every day! We encourage you to sign up for a complimentary trial to receive 30 research reports and benefit from our other service offerings.

• Drawn from recent reports, we share our analysis of select commodities, ranking supply/demand strength from tightest to weakest, and drawing conclusions per market.
• We also discuss the oil and gas sector in terms of green strategy and how those with ESG investment mandates are more focused on avoiding trouble than they are affecting change.
• Lastly, we display recent underperformance in chemical markets, and discuss chemical producer headwinds drawn from our weekly global market updates and daily chemical reactions.

C-MACC reports analyze and comment on events in real-time, providing an edge to clients with market connectivity insight every day! We encourage you to sign up for a complimentary trial to receive 30 research reports and benefit from our other service offerings.

• Importance of Feedstock Flexibility As A Driver Of Higher Long-Term Chemical Returns
• Our Mega-Cycle View Continues To Gain Appreciation
• Why Counting Carbon Is Important
• More Inflation Repercussions

Contact us to receive a copy of the reports below and sign up for a complimentary trial to receive 30 research reports and benefit from our other service offerings.

This is a topic for a more detailed report, but we question whether rising inflation, supply chain panics, and more drastic government action to try and tame labor shortages and price increases could bump into a step down in demand, exposing a significant inventory surplus – sitting between producers all over the world and consumers, mainly in the west. We are seeing travel restrictions lifted all over the world over the last couple of months as the vaccination program has brought COVID under more manageable control in many countries/regions and as leaders conclude that we just have to live with whatever residual there may be. Now, this could all change if COVID surges through the winter in the northern hemisphere, but if it does not, we could see that shift in consumer spending from goods to services that we were discussing a year ago. So far we have only seen a partial shift, and as the chart below shows we are not back to the pre-COVID trend yet. A swing would create different problems and likely not end the labor shortages based on recent experiences in restaurants that were not busy, but could not keep up, and based on some of the staff issues that the airlines are having because they are running too leanly to have the ability to pivot if weather throws them a curveball.